Sutron Corp. (STRN, Financial) filed Quarterly Report for the period ended 2010-09-30.
Sutron Corp. has a market cap of $31.6 million; its shares were traded at around $6.91 with a P/E ratio of 13.6 and P/S ratio of 1.5. Sutron Corp. had an annual average earning growth of 32.6% over the past 5 years.
Overall domestic revenues increased 35% to $4,104,959 in the third quarter of 2010 versus $3,032,894 in 2009 while international revenues increased 15% to $1,728,945 in the third quarter of 2010 as compared to $1,503,956 in the same period in 2009. The increase in domestic revenues was primarily due to increased shipments of standard products to federal agencies. International revenues increased primarily due to contract revenues recognized on our contract with the Ministry of Energy and Water in Afghanistan that was awarded in June 2010.
Revenues for the nine months ended September 30, 2010 increased 26% to $16,206,680 from $12,898,779 in 2009. Net sales and revenues are broken down between sales of standard products and sales of systems and services. Standard products had a net sales and revenue increase of 36% to $9,676,501 from $7,106,551 in 2009 primarily due to increased shipments to federal agencies. Net sales and revenues for systems and services increased 13% to $6,530,179 from $5,792,229 in 2009 primarily due to increased project awards and activity.
Overall domestic revenues increased 42% to $10,181,682 for the nine months ended September 30, 2010 versus $7,147,663 in 2009 due to increased shipments of standard products to federal agencies. International revenues increased 5% to $6,024,998 for the nine months ended September 30, 2010 versus $5,751,116 in 2009.
Customer orders or bookings for the nine months ended September 30, 2010 were approximately $20,504,000 as compared to approximately $22,863,000 in 2009, a decrease of 10%. Orders for standard products decreased to approximately $6,986,000 in 2010 from $10,623,000 2009 due to significant orders being received in 2009 as a result of federal economic stimulus funding. Orders for systems and services have increased to approximately $13,518,000 in 2010 from $12,240,000 in 2009 due to increased project awards.
Cash and cash equivalents were $9,479,374 at September 30, 2010 compared to $4,666,983 at December 31, 2009. Working capital increased to $15,767,915 at September 30, 2010 compared with $13,931,233 at December 31, 2009.
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Sutron Corp. has a market cap of $31.6 million; its shares were traded at around $6.91 with a P/E ratio of 13.6 and P/S ratio of 1.5. Sutron Corp. had an annual average earning growth of 32.6% over the past 5 years.
Highlight of Business Operations:
Revenues for the third quarter ended September 30, 2010 increased 29% to $5,833,904 from $4,536,850 in 2009. Net sales and revenues are broken down between sales of standard products and sales of systems and services. Standard products had a net sales and revenue increase of 29% to $3,351,321 from $2,592,346 in 2009 due primarily to increased shipments of standard products to federal agencies. Net sales and revenues for systems and services increased 28% to $2,482,584 from $1,944,504 in 2009 due primarily to increased project awards and shipments.Overall domestic revenues increased 35% to $4,104,959 in the third quarter of 2010 versus $3,032,894 in 2009 while international revenues increased 15% to $1,728,945 in the third quarter of 2010 as compared to $1,503,956 in the same period in 2009. The increase in domestic revenues was primarily due to increased shipments of standard products to federal agencies. International revenues increased primarily due to contract revenues recognized on our contract with the Ministry of Energy and Water in Afghanistan that was awarded in June 2010.
Revenues for the nine months ended September 30, 2010 increased 26% to $16,206,680 from $12,898,779 in 2009. Net sales and revenues are broken down between sales of standard products and sales of systems and services. Standard products had a net sales and revenue increase of 36% to $9,676,501 from $7,106,551 in 2009 primarily due to increased shipments to federal agencies. Net sales and revenues for systems and services increased 13% to $6,530,179 from $5,792,229 in 2009 primarily due to increased project awards and activity.
Overall domestic revenues increased 42% to $10,181,682 for the nine months ended September 30, 2010 versus $7,147,663 in 2009 due to increased shipments of standard products to federal agencies. International revenues increased 5% to $6,024,998 for the nine months ended September 30, 2010 versus $5,751,116 in 2009.
Customer orders or bookings for the nine months ended September 30, 2010 were approximately $20,504,000 as compared to approximately $22,863,000 in 2009, a decrease of 10%. Orders for standard products decreased to approximately $6,986,000 in 2010 from $10,623,000 2009 due to significant orders being received in 2009 as a result of federal economic stimulus funding. Orders for systems and services have increased to approximately $13,518,000 in 2010 from $12,240,000 in 2009 due to increased project awards.
Cash and cash equivalents were $9,479,374 at September 30, 2010 compared to $4,666,983 at December 31, 2009. Working capital increased to $15,767,915 at September 30, 2010 compared with $13,931,233 at December 31, 2009.
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