| 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)
|
|
|
We design, assemble, market and distribute premium quality, technologically
innovative golf clubs for all skill levels, including Idea a3 and a3 OS irons,
Idea a2 and a2 OS irons, Idea Tech OS irons, Idea Pro Irons and Idea a3 and a3
OS, Idea a2 and a2 OS, Idea Tech OS and Idea Pro I-woods, Insight XTD A3 &A3 OS
drivers and hybrid-fairway woods, RPM drivers and fairway woods, the Ovation
family of drivers, fairway woods and irons, the Tight Lies family of fairway
woods, the Redline family of fairway woods and drivers, Tight Lies GT500 and GT3
irons and i-woods, the Tom Watson signature and Puglielli series of wedges, and
certain accessories. In addition, under Women's Golf Unlimited we distribute the
Lady Fairway and Square 2 brands.
We were incorporated in 1987 and re-domesticated in Delaware in 1990. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 03/2009 | -0.29 | NA | N/E | | 12/2008 | -0.23 | NA | N/E | | 09/2008 | 0.71 | NA | 7.34 | | 06/2008 | 0.82 | NA | 6.70 | | 03/2008 | 0.94 | NA | 8.83 | | 12/2007 | 5.28 | NA | 1.70 | | 09/2007 | 5.44 | NA | 1.51 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2008 |
Leverage |
2008 |
| Net Inc/Comm Equity | -0.02 | Total Liab/Total Assets | 0.25 | | Net Inc/Total Assets | -0.02 | Total Liab/Inv Cap | 0.33 | | Net Inc/Inv Cap | -0.03 | Total Liab/Comm Equity | 0.19 | | Pretax Inc/Net Sales | -0.02 | Interest Coverage Ratio | -13.63 | | Net Inc/Net Sales | -0.02 | Curr Debt/Equity | NA | | Cash Flow/Net Sales | -0.02 | LTD/Equity | NA | | SG&A/NetSales | 0.38 | Total Debt/Equity | NA |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 5.58 | Quick Ratio | 1.29 | | Inventory Turnover | 1.73 | Current Ratio | 3.30 | | Inventory Day Sales | 0.00 | Net Rec/Curr Assets | 0.27 | | Net Sales/Work Cap | 2.37 | Inv/Curr Assets | 0.61 | | Net Sales/PP&E | 75.58 | | |
Income Statement (Millions) |
| |
3/31/2009
|
12/31/2008
|
9/30/2008
|
6/30/2008
|
|
Total Revenues(Net Sales)
|
23.48
|
12.49
|
17.70
|
33.26
|
|
Cost of Goods Sold
|
14.47
|
7.63
|
10.94
|
19.52
|
|
Selling & Admin Exps
|
7.79
|
6.57
|
7.03
|
11.33
|
|
Operating Income
|
0.36
|
-2.70
|
-1.16
|
1.62
|
|
Interest Exp
|
0.02
|
0.09
|
-0.01
|
0.02
|
|
Pretax Income
|
0.39
|
-2.67
|
-1.16
|
1.56
|
|
Other Income
|
0.05
|
0.12
|
-0.01
|
-0.04
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
0.37
|
-2.65
|
-1.16
|
1.55
|
|
Assets
|
3/31/2009
|
12/31/2008
|
9/30/2008
|
6/30/2008
|
|
Cash & Short Term Investments
|
2.62
|
5.96
|
8.82
|
2.11
|
|
Receivables - Total
|
24.43
|
14.74
|
17.21
|
32.77
|
|
Inventories - Total
|
33.25
|
33.61
|
26.43
|
27.69
|
|
Total Current Assets
|
61.88
|
55.25
|
54.52
|
65.73
|
|
Net Property, Plant & Equipment
|
1.28
|
1.21
|
1.17
|
1.23
|
|
Total Assets
|
73.72
|
67.06
|
65.11
|
76.54
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
17.03
|
12.86
|
11.18
|
19.08
|
|
Debt in Current Liabilities
|
6.02
|
NA
|
NA
|
NA
|
|
Total Current Liabilities
|
23.06
|
16.72
|
11.20
|
20.84
|
|
Long-Term Debt
|
NA
|
NA
|
NA
|
NA
|
|
Total Liabilities
|
23.07
|
16.74
|
11.22
|
20.86
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
0.01
|
0.01
|
0.01
|
0.01
|
|
Retained Earnings
|
-37.84
|
-38.21
|
-35.56
|
-34.40
|
|
Treasury Stock
|
-4.75
|
-4.75
|
-4.70
|
-4.51
|
|
Total Stockholders' Equity
|
50.65
|
50.31
|
53.89
|
55.68
|
|
Total Liabilities and Stockholders' Equity
|
73.72
|
67.06
|
65.11
|
76.54
|
Cash Flow Summary (Millions) |
|
Categories
|
3/31/2009
|
12/31/2008
|
9/30/2008
|
6/30/2008
|
|
Net Cash Provided by Operating Activities
|
-8.91
|
-1.60
|
7.64
|
4.34
|
|
Net Cash Provided by Investing Activities
|
-0.20
|
-0.16
|
-0.05
|
-0.04
|
|
Net Cash Provided by Financing Activities
|
6.01
|
-0.06
|
-0.19
|
-3.27
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2004 | 56.76 | 3.08 | -- | | 12/2005 | 56.42 | 3.24 | -- | | 12/2006 | 76.03 | 9.00 | -- | | 12/2007 | 94.60 | 9.40 | 5.28 | | 12/2008 | 91.45 | -1.46 | -0.23 | | Growth Rates | 12.66 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 03/31/09 | 7 | 134 | 2.02 |
|
Report Date :
6/23/2009
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