AGORACOM Small Cap TV - May 13th - Highlights
posted on
May 13, 2011 10:02AM
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 May 13th, 2011, and we’ve found 3 news this morning 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.
Powin Corporation First Quarter Revenues Up 11 Percent to $10.95 Million
Powin Corporation (OTCBB: PWON), an Oregon-based OEM and direct manufacturer of outdoor cookware products, gun safes, fitness and recreational equipment, truck parts, plastic products, renewable energy products and furniture for some of America's most well known retailers, today announced that sales for the first quarter of 2011, ended March 31, totaled $10.95 million, up 11 percent from sales of $9.86 million in the same period in 2010. Powin Corporation posted net income of $31,331 in the first quarter of 2011.
The Company also announced gross profits in the first quarter of 2011 totaled $1.54 million, up almost 12 percent from gross profits of $1.18 million in the comparable period in 2010. The gross profits equal 14 percent of the Company's net revenues.
Powin Corporation was founded in Tigard, Oregon in 1990 by Joseph Lu, a Chinese-American, and has grown into a large international distributor of more than 2,000 original equipment manufacturer products annually as well as being a direct manufacturer. It leases two plants in Oregon and contracts with six in Mainland China and two in Taiwan.
Last Trade: 0.40 52 Week; 0.55 – 0.11 Market Cap: 64.79 Million
hina Advanced Construction Materials Group, Inc. (NASDAQ:CADC - News) ("China ACM"), a leading provider of ready-mix concrete and related technical services in China, today announced its financial results for the Fiscal Year 2011 third quarter ended March 31, 2011. The Company will host a conference call to discuss the results today at 10:00 a.m. Eastern, 7:00 a.m. Pacific; details are provided below.
Third Quarter FY 2011 Financial Highlights -- Revenue increased 41% year over year to $23.1 million -- Gross margin at 17.5% -- Non-GAAP adjusted net income available to common shareholders of $2.4 million -- Non-GAAP adjusted fully diluted EPS to common shareholders of $0.13 -- GAAP net income available to common shareholders of $3.6 million or $0.19 EPS -- Quarter end backlog up 30% sequentially to record $87 million
About China ACM
China ACM is a leading producer of advanced, certified eco-friendly ready-mix concrete (RMC) and related technical services for large scale, high-speed rail (HSR) and other complex infrastructure projects. Leveraging its proprietary technology and value-add engineering services model, the Company has won work on numerous high profile projects including the 30,000 km China HSR expansion, the Olympic Stadium Bird's Nest, Beijing South Railway Station, Beijing International Airport, National Centre for Performing Arts, CCTV Headquarters, Beijing Yintai Building and U.S. and French embassies.
Last Trade: 2.54 52 Week: 5.39 – 2.53 Market Cap: 45.06 Million
Last Trade: 2.27 52 Week: 2.45 - 0.81 Market Cap: 45.12 Million