Hudson Technologies Inc. (HDSN, Financial) filed Annual Report for the period ended 2011-12-31.
Hudson Technolo has a market cap of $70.4 million; its shares were traded at around $2.92 with a P/E ratio of 59.2 and P/S ratio of 1.9.
Cost of sales for the fiscal year ended December 31, 2011 was $35,637,000, an increase of $6,396,000 or 22% from the $29,241,000 reported during the comparable 2010 period. The increase in cost of sales was primarily due to an increase in the number of pounds of certain refrigerants sold. As a percentage of sales, cost of sales was 80% of revenues for 2011, an increase from the 78% reported for the comparable 2010 period, primarily due to a slightly increased average cost per pound for certain refrigerants sold in 2011 as compared to the comparable 2010 period.
The Company's operating results vary from period to period as a result of weather conditions, requirements of potential customers, non-recurring refrigerant and service sales, availability and price of refrigerant products (virgin or reclaimable), changes in reclamation technology and regulations, timing in introduction and/or retrofit or replacement of CFC and non CFC based refrigeration equipment, the rate of expansion of the Company's operations, and by other factors. The Company's business is seasonal in nature with peak sales of refrigerants occurring in the first half of each year. During past years, the seasonal decrease in sales of refrigerants has resulted in losses particularly in the fourth quarter of the year. In addition, to the extent that there is unseasonably cool weather throughout the spring and summer months, which would adversely affect the demand for refrigerants; there would be a corresponding negative impact on the Company. Delays or inability in securing adequate supplies of refrigerants at peak demand periods, lack of refrigerant demand, increased expenses, declining refrigerant prices and a loss of a principal customer could result in significant losses. There can be no assurance that the foregoing factors will not occur and result in a material adverse effect on the Company's financial position and significant losses. The Company believes that there is a similar seasonal element to RefrigerantSide® Service revenues as refrigerant sales. The Company is continuing to assess its RefrigerantSide® Service revenues seasonal trend.
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Hudson Technolo has a market cap of $70.4 million; its shares were traded at around $2.92 with a P/E ratio of 59.2 and P/S ratio of 1.9.
Highlight of Business Operations:
Revenues for the fiscal year ended December 31, 2011 were $44,322,000, an increase of $7,049,000 or 19% from the $37,273,000 reported during the comparable 2010 period. The increase in revenues was primarily attributable to an increase in refrigerant revenues of $7,183,000 offset by a decrease in RefrigerantSide® Services revenues of $134,000. The increase in refrigerant revenues is primarily related to an increase in the number of pounds of certain refrigerants sold, and to a lesser extent an increase in the average selling price per pound of certain refrigerants sold. The decrease in RefrigerantSide® Services was attributable to a decrease in the average revenues per job completed when compared to the same period of 2010, offset to a lesser extent by an increase in the number of jobs completed compared to the same period in 2010.Cost of sales for the fiscal year ended December 31, 2011 was $35,637,000, an increase of $6,396,000 or 22% from the $29,241,000 reported during the comparable 2010 period. The increase in cost of sales was primarily due to an increase in the number of pounds of certain refrigerants sold. As a percentage of sales, cost of sales was 80% of revenues for 2011, an increase from the 78% reported for the comparable 2010 period, primarily due to a slightly increased average cost per pound for certain refrigerants sold in 2011 as compared to the comparable 2010 period.
The Company's operating results vary from period to period as a result of weather conditions, requirements of potential customers, non-recurring refrigerant and service sales, availability and price of refrigerant products (virgin or reclaimable), changes in reclamation technology and regulations, timing in introduction and/or retrofit or replacement of CFC and non CFC based refrigeration equipment, the rate of expansion of the Company's operations, and by other factors. The Company's business is seasonal in nature with peak sales of refrigerants occurring in the first half of each year. During past years, the seasonal decrease in sales of refrigerants has resulted in losses particularly in the fourth quarter of the year. In addition, to the extent that there is unseasonably cool weather throughout the spring and summer months, which would adversely affect the demand for refrigerants; there would be a corresponding negative impact on the Company. Delays or inability in securing adequate supplies of refrigerants at peak demand periods, lack of refrigerant demand, increased expenses, declining refrigerant prices and a loss of a principal customer could result in significant losses. There can be no assurance that the foregoing factors will not occur and result in a material adverse effect on the Company's financial position and significant losses. The Company believes that there is a similar seasonal element to RefrigerantSide® Service revenues as refrigerant sales. The Company is continuing to assess its RefrigerantSide® Service revenues seasonal trend.
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