Company Information

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Address: 2801 EAST PLANO PARKWAY  
City: PLANO 
State: TX 
Zip Code: 75074 
Telephone: 972-673-9000 


Description of Business


Primary SIC Code: 3949
(As filed with the SEC)  

Adams Golf, Inc. (together with its subsidiaries, "we", "us", "Adams Golf", or the "Company") designs, assembles, markets and distributes premium quality, technologically innovative golf clubs for all skill levels. Our recently launched products include Idea a7 and a7 OS irons and hybrids, Speedline Fast 10 and Speedline 9032 drivers, Speedline Fast 10 hybrid fairway woods, Idea Pro Black I-woods and irons, Idea Tech a4 and a4 OS I-woods and irons, Idea Pro Gold I-woods and irons and Insight Tech a4 and a4 OS drivers and hybrid-fairway woods. We also continue to develop new products under the name of Women's Golf Unlimited, the Lady Fairway and Square 2 brands. We continue to sell certain older product lines, including the Idea a3 and a3 OS I-woods and irons, the Tight Lies family of fairway woods, the Puglielli series of wedges, and certain accessories. We were incorporated in 1987 and re-domesticated in Delaware in 1990.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
06/2010-0.25NAN/E
03/2010-1.66NAN/E
12/2009-1.82NAN/E
09/2009-1.94NAN/E
06/2009-1.28NAN/E
03/2009-0.29NAN/E
12/2008-0.23NAN/E
09/20080.71NA7.34

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2009 Leverage 2009
Net Inc/Comm Equity-0.14Total Liab/Total Assets0.29
Net Inc/Total Assets-0.21Total Liab/Inv Cap0.41
Net Inc/Inv Cap-0.30Total Liab/Comm Equity0.19
Pretax Inc/Net Sales-0.16Interest Coverage Ratio-138.31
Net Inc/Net Sales-0.16Curr Debt/EquityNA
Cash Flow/Net Sales0.07LTD/EquityNA
SG&A/NetSales0.42Total Debt/EquityNA
Asset Utilization   Liquidity  
Net Receivables Turnover5.46Quick Ratio1.56
Inventory Turnover2.01Current Ratio2.74
Inventory Day Sales0.01Net Rec/Curr Assets0.29
Net Sales/Work Cap2.62Inv/Curr Assets0.43
Net Sales/PP&E81.52  

Income Statement (Millions)

  6/30/2010 3/31/2010 12/31/2009 9/30/2009
Total Revenues(Net Sales) 31.60 22.36 12.02 17.39
Cost of Goods Sold 16.93 12.29 7.72 11.06
Selling & Admin Exps 9.02 7.80 5.55 11.16
Operating Income 5.06 1.64 -1.86 -5.44
Interest Exp NA NA 0.09 NA
Pretax Income 5.05 1.63 -1.87 -5.47
Other Income -0.01 0.00 -0.00 -0.01
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 4.92 1.65 -1.88 -5.47

Balance Sheet (Millions)

Assets 6/30/2010 3/31/2010 12/31/2009 9/30/2009
Cash & Short Term Investments 10.12 6.92 12.56 11.41
Receivables - Total 28.12 22.95 13.14 16.25
Inventories - Total 19.87 17.31 19.72 20.61
Total Current Assets 58.44 47.94 45.82 48.91
Net Property, Plant & Equipment 0.77 0.84 0.93 1.03
Total Assets 69.63 59.22 57.22 60.44
Liabilities        
Accounts Payable 22.22 16.98 16.71 18.52
Debt in Current Liabilities NA NA NA NA
Total Current Liabilities 22.22 16.98 16.71 18.54
Long-Term Debt NA NA NA NA
Total Liabilities 22.22 16.98 16.71 18.55
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock 0.00 0.00 0.00 0.00
Common Stock 0.01 0.01 0.01 0.01
Retained Earnings -43.82 -48.74 -50.39 -48.52
Treasury Stock -4.75 -4.75 -4.75 -4.75
Total Stockholders' Equity 47.41 42.24 40.51 41.90
Total Liabilities and Stockholders' Equity 69.63 59.22 57.22 60.44

Cash Flow Summary (Millions)

Categories 6/30/2010 3/31/2010 12/31/2009 9/30/2009
Net Cash Provided by Operating Activities 3.19 -5.45 0.91 13.26
Net Cash Provided by Investing Activities -0.03 -0.01 -0.02 -0.01
Net Cash Provided by Financing Activities -0.01 -0.01 -0.00 -5.08

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/200556.423.24--
12/200676.039.00--
12/200794.609.405.28
12/200891.45-1.46-0.23
12/200976.14-12.19-1.82
Growth Rates7.78----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional06/30/10113384.70




Report Date : 9/7/2010

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