KSW Inc (KSW, Financial) filed Quarterly Report for the period ended 2011-06-30.
Ksw Inc has a market cap of $21.7 million; its shares were traded at around $3.42 with a P/E ratio of 10.1 and P/S ratio of 0.3.
Cost of revenues for the quarter ended June 30, 2011 decreased by $6,390,000, or (29.4)%, to $15,365,000, as compared to $21,755,000 for the quarter ended June 30, 2010. Cost of revenues for the six months ended June 30, 2011 decreased by $3,617,000, or (10.7)%, to $30,191,000, as compared to $33,808,000 for the six months ended June 30, 2010. The decrease in cost of revenues for the quarter and six months ended June 30, 2011, as compared to the same periods in 2010, were primarily associated with the decreased revenues.
Selling, general and administrative expenses (“SG&A”) for the quarter ended June 30, 2011 decreased by $ 87,000, or (6.2)%, to $1,318,000, as compared to $1,405,000 for the quarter ended June 30, 2010. SG&A for the six months ended June 30, 2011 decreased by $21,000, or (.8)%, to $2,620,000, as compared to $2,641,000 for the six months ended June 30, 2010.
As a result of the above mentioned items, the Company reported net income of $425,000, or $.07 per share, basic and diluted, for the quarter ended June 30, 2011, as compared to reported net income of $721,000, or $.11 per share, basic and diluted, for the quarter ended June 30, 2010.
As of June 30, 2011, total cash and cash equivalents was $16,037,000, a $2,509,000 increase from the $13,528,000 reported as of June 30, 2010. As of June 30, 2011, the Company s Joint Venture had cash totaling approximately $6,000,000, which is not included in the Company s consolidated balance sheet as of June 30, 2011. As of June 30, 2011, marketable securities were $2,201,000, as compared to $2,033,000 reported as of June 30, 2010.
The Company purchased property and equipment totaling $1,000 and $85,000 and marketable securities totaling $528,000 and $527,000 during the six months ended June 30, 2011 and 2010, respectively. During the six months ended June 30, 2010, the Company had proceeds from the maturing of short-term investments totaling $1,045,000. In addition, the Company s unconsolidated joint venture has repaid advances totaling $17,000 during the six months ended June 30, 2010. During the six months ended June 30, 2011, the Company has advanced its unconsolidated joint venture for general construction costs totaling $213,000, which was repaid during July 2011.
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Ksw Inc has a market cap of $21.7 million; its shares were traded at around $3.42 with a P/E ratio of 10.1 and P/S ratio of 0.3.
Highlight of Business Operations:
Total revenues for the quarter ended June 30, 2011 decreased by $7,007,000, or (28.7) %, to $17,432,000, as compared to $24,439,000 for the quarter ended June 30, 2010. Total revenues for the six months ended June 30, 2011 decreased by $3,919,000, or (10.3)%, to $33,980,000, as compared to $37,899,000 for the six months ended June 30, 2010.Cost of revenues for the quarter ended June 30, 2011 decreased by $6,390,000, or (29.4)%, to $15,365,000, as compared to $21,755,000 for the quarter ended June 30, 2010. Cost of revenues for the six months ended June 30, 2011 decreased by $3,617,000, or (10.7)%, to $30,191,000, as compared to $33,808,000 for the six months ended June 30, 2010. The decrease in cost of revenues for the quarter and six months ended June 30, 2011, as compared to the same periods in 2010, were primarily associated with the decreased revenues.
Selling, general and administrative expenses (“SG&A”) for the quarter ended June 30, 2011 decreased by $ 87,000, or (6.2)%, to $1,318,000, as compared to $1,405,000 for the quarter ended June 30, 2010. SG&A for the six months ended June 30, 2011 decreased by $21,000, or (.8)%, to $2,620,000, as compared to $2,641,000 for the six months ended June 30, 2010.
As a result of the above mentioned items, the Company reported net income of $425,000, or $.07 per share, basic and diluted, for the quarter ended June 30, 2011, as compared to reported net income of $721,000, or $.11 per share, basic and diluted, for the quarter ended June 30, 2010.
As of June 30, 2011, total cash and cash equivalents was $16,037,000, a $2,509,000 increase from the $13,528,000 reported as of June 30, 2010. As of June 30, 2011, the Company s Joint Venture had cash totaling approximately $6,000,000, which is not included in the Company s consolidated balance sheet as of June 30, 2011. As of June 30, 2011, marketable securities were $2,201,000, as compared to $2,033,000 reported as of June 30, 2010.
The Company purchased property and equipment totaling $1,000 and $85,000 and marketable securities totaling $528,000 and $527,000 during the six months ended June 30, 2011 and 2010, respectively. During the six months ended June 30, 2010, the Company had proceeds from the maturing of short-term investments totaling $1,045,000. In addition, the Company s unconsolidated joint venture has repaid advances totaling $17,000 during the six months ended June 30, 2010. During the six months ended June 30, 2011, the Company has advanced its unconsolidated joint venture for general construction costs totaling $213,000, which was repaid during July 2011.
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