AGORACOM Small Cap TV - November 10th - Highlights
posted on
Nov 10, 2010 10:00AM
Good morning to you all. Please find enclosed a summary of the breaking small-cap and micro-cap financial news we highlighted on AGORACOM Small Cap TV this morning. It’s November 10th 2010, and we’ve found 6 great press releases to report on at the open. Another great day for small-cap and micro-cap financial news. To watch the show live every morning at 9:30 AM, visit our front page.
China Valves Technology, Inc. Announces Third Quarter 2010 Results
KAIFENG, China, Nov. 10, 2010 /PRNewswire-Asia-FirstCall/ -- China Valves Technology, Inc. (Nasdaq:CVVT - News) ("China Valves" or the "Company"), a leading Chinese metal valve manufacturer, today announced its financial results for the three months ended September 30, 2010.
Third Quarter 2010 Highlights
About China Valves Technology, Inc.
China Valves Technology, Inc. through its subsidiaries, Zhengzhou Zhengdie Valve Co, Ltd., Henan Kaifeng High Pressure Valve Co., Ltd., Tai Zhou Tai De Valve Co., Ltd., Yangzhou Rock Valve Lock Technology Co., Ltd., Able Delight (Changsha) Valve Co., Ltd. and Shanghai Pudong Hanwei Valve Co., Ltd., is engaged in development, manufacture and sale of high-quality metal valves for the electricity, petroleum, chemical, water, gas and metallurgy industries. The Company has one of the best known brand names in China's valve industry, and its history can be traced back to 1959 when it was formed as a state-owned enterprise.
Last Trade: 11.10.52 Week: 14.85 – 7.03Market Cap: 406.74 Million
China Green Agriculture, Inc. Reports First Quarter Fiscal Year 2011 Financials
China Green Agriculture, Inc. (NYSE:CGA - News) ("China Green Agriculture" or "the Company"), a leading producer and distributor of humic acid ("HA") based compound fertilizer, blended fertilizer, organic compound fertilizer and mixed organic-inorganic compound fertilizer through its wholly owned subsidiaries, Shaanxi TechTeam Jinong Humic Acid Product Co., Ltd. and Beijing Gufeng Chemical Products Co., Ltd. ("Gufeng"), today announced the financial results for the quarter ended September 30, 2010, i.e., the first quarter of fiscal year 2011.
About China Green Agriculture, Inc.
The company was founded in 2000 and is based in Xian, the People’s Republic of China. China Green Agriculture produces and distributes humic acid (''HA'') based liquid compound fertilizer through its wholly owned subsidiary, Shaanxi TechTeam Jinong Humic Acid Product Co., Ltd., (''TechTeam''). TechTeam produces and sells approximately 15,000 metric tons of over 100 different kinds of fertilizer products per year.
Last Trade: 8.7852 Week: 18.70 – 6.81Market Cap: 235.73 Million
Deer Consumer Products, Inc. Announces Record 3rd Quarter Financial Results
NEW YORK, Nov. 10, 2010 /PRNewswire-FirstCall/ -- Deer Consumer Products, Inc. (Nasdaq:DEER - News), one of the world's largest vertically integrated branded and ODM/OEM manufacturers of small home and kitchen appliances marketing to both global and China domestic consumers, announced today record financial results for the 3rd quarter ended September 30, 2010. Deer management is scheduled to host an investor conference call today at 8:30 am, US Eastern Standard Time.
3rd Quarter Financial Highlights:
About Deer Consumer Products, Inc.
Deer Consumer Products, Inc. (Nasdaq: DEER - News) is a NASDAQ Global Select Market listed U.S. company with its primary operations in China. Deer has a 15-year operating business as well as a strong balance sheet. Operated by Deer's founders and supported by more than 103 patents, trademarks, copyrights and approximately 2,000 employees, Deer is a leading designer, ODM/OEM manufacturer and global marketer of quality small home and kitchen electric appliances. Deer's product lines include blenders, juicers, soy milk makers and a large variety of other home appliances designed to make today's lifestyles simpler and healthier.
Last Trade: 12.2552 Week: 18.97 – 6.981Market Cap: 421.49 Million
First Fiscal Quarter of 2011 Highlights
Total net revenues from continuing operations for the three months ended September 30, 2010 increased 19.2% to $15.1 million compared to $12.6 million for the three months ended September 30, 2009.
Income from continuing operations increased 247% to $1.2 million from $356,000 for the same period in 2009.
Net income applicable to common shareholders increased 204% to $679,000 from net income of $224,000 for the same period in 2009.
As of September 30, 2010, the Company had cash and cash equivalents of $3.1 million compared to $4.5 million as of June 30, 2010. Stockholders' equity improved to $17.9 million as of September 30, 2010 from $17.3 million as of June 30, 2010.
About PHC d/b/a Pioneer Behavioral Health
PHC, Inc., d/b/a Pioneer Behavioral Health, is a national healthcare company providing behavioral health services in five states, including substance abuse treatment facilities in Utah and Virginia, and inpatient and outpatient psychiatric facilities in Michigan, Pennsylvania, and Nevada. The Company also offers internet and telephonic-based referral services that includes employee assistance programs and critical incident services.
Last Trade: 1.4252 Week: 1.64 – 0.91Market Cap: 27.22 Million
China BCT Reports Strong Third Quarter 2010 Results
China BCT Pharmacy Group, Inc., (OTC Bulletin Board: CNBI), ("China BCT" or the "Company"), a leading pharmaceutical distributor, retail pharmacy, and manufacturer of pharmaceutical products in Guangxi Province, China, today announced strong results for the third quarter ended September 30, 2010.
Third Quarter 2010 Highlights
Revenue increased 55.1% year-over-year to $52.5 million
Gross profit rose 44.4% year-over-year to $13.2 million
Operating income grew 30.9% year-over-year to $9.5 million
GAAP net income was $6.9 million, or $0.18 per diluted share, compared to $5.1 million, or $0.16 per diluted share, in the year ago quarter
Excluding non-cash income related to a change in the fair value of warrant liabilities, non-GAAP adjusted net income was $6.7 million, or $0.17 per diluted share
About China BCT
China BCT is engaged in pharmaceutical distribution, pharmacy retailing, and the manufacture of pharmaceuticals products through its subsidiaries Guangxi Liuzhou Baicaotang Medicine Limited, Guangxi Liuzhou Baicaotang Medicine Retail Limited and Hefeng Pharmaceutical Co. Limited in Guangxi province, China. We operate a large regional retail network in Guangxi province, consisting of 173 directly owned retail stores in Guangxi province.
Last Trade: 3.2552 Week: 5.00 – 2.30Market Cap: 124 Million
Endeavour Silver Reports Record EBITDA, Cash-Flow, Revenues in Q3, 2010; Silver Production of 797,000 oz Up 20% Compared to Q3, 2009
Endeavour Silver Corp. (TSX:EDR)
announced today its financial and operating results for the Third Quarter, 2010, including record quarterly EBITDA, cash-flow and revenues. Endeavour owns and operates two high-grade, underground, silver-gold mines in Mexico, the Guanacevi Mines in Durango State and the Guanajuato Mines in Guanajuato State.
Third Quarter 2010 Highlights (Compared to Q3, 2009)
Endeavour Silver Corp. is a small-cap silver mining company focused on the growth of its silver production, reserves and resources in Mexico. Since start-up in 2004, Endeavour has posted five consecutive years of aggressive silver production, reserve and resource growth. The organic expansion programs now underway at Endeavour's two operating silver mines in Mexico combined with its strategic acquisition and exploration programs should help Endeavour achieve its goal to become the next premier mid-tier silver mining company.
Last: 5.85Range: 7.14-3.05Market Cap: 70 Million