| Address:
|
300 ATLANTIC ST
STE 702 |
| City: |
STAMFORD |
|
State: |
CT |
|
Zip Code: |
06901 |
| Telephone: |
203-327-7050 |
|
Description of Business
|
Primary SIC Code:
2810 |
| (As filed with the SEC)
|
|
|
Pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995, this Annual Report on Form 10-K contains forward-looking
statements that reflect our estimates, expectations and projections about our
future results, performance, prospects and opportunities. Forward-looking
statements include all statements that are not historical facts. These
statements are often identified by words such as "anticipate," "believe,"
"could," "estimate," "expect," "intend," "plan," "may," "should," "will,"
"would" and similar expressions. These forward-looking statements are based on
information available to us and are subject to numerous risks and uncertainties
that could cause our actual results, performance, prospects or opportunities to
differ materially from those expressed in, or implied by, the forward-looking
statements we make in this Annual Report. The discussion in the section "Risk
Factors" in Item 1A. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 03/2009 | -1.25 | NA | N/E | | 12/2008 | -1.15 | NA | N/E | | 09/2008 | -1.16 | NA | N/E | | 06/2008 | -0.75 | NA | N/E | | 03/2008 | -0.56 | NA | N/E | | 12/2007 | -0.66 | NA | N/E | | 09/2007 | -0.55 | NA | N/E | | 06/2007 | -0.88 | NA | N/E |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2008 |
Leverage |
2008 |
| Net Inc/Comm Equity | -0.13 | Total Liab/Total Assets | 0.22 | | Net Inc/Total Assets | -0.50 | Total Liab/Inv Cap | 0.35 | | Net Inc/Inv Cap | -0.80 | Total Liab/Comm Equity | 0.05 | | Pretax Inc/Net Sales | -1.25 | Interest Coverage Ratio | NA | | Net Inc/Net Sales | -1.25 | Curr Debt/Equity | 0.21 | | Cash Flow/Net Sales | -0.90 | LTD/Equity | NA | | SG&A/NetSales | 1.34 | Total Debt/Equity | 0.21 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 5.83 | Quick Ratio | 2.77 | | Inventory Turnover | 5.53 | Current Ratio | 3.01 | | Inventory Day Sales | 0.02 | Net Rec/Curr Assets | 0.05 | | Net Sales/Work Cap | 0.92 | Inv/Curr Assets | 0.08 | | Net Sales/PP&E | 25.25 | | |
Income Statement (Millions) |
| |
3/31/2009
|
12/31/2008
|
9/30/2008
|
6/30/2008
|
|
Total Revenues(Net Sales)
|
0.35
|
0.68
|
1.58
|
2.62
|
|
Cost of Goods Sold
|
0.23
|
0.49
|
1.17
|
1.99
|
|
Selling & Admin Exps
|
2.46
|
3.13
|
1.82
|
2.72
|
|
Operating Income
|
-2.44
|
-2.55
|
-2.22
|
-2.23
|
|
Interest Exp
|
0.02
|
-0.01
|
0.01
|
NA
|
|
Pretax Income
|
-2.47
|
-3.26
|
-2.38
|
-2.14
|
|
Other Income
|
-0.01
|
-0.72
|
-0.14
|
0.08
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
-2.47
|
-3.26
|
-2.38
|
-2.14
|
|
Assets
|
3/31/2009
|
12/31/2008
|
9/30/2008
|
6/30/2008
|
|
Cash & Short Term Investments
|
11.92
|
10.39
|
6.69
|
4.49
|
|
Receivables - Total
|
0.40
|
0.64
|
1.09
|
3.33
|
|
Inventories - Total
|
0.96
|
0.97
|
0.83
|
1.04
|
|
Total Current Assets
|
13.49
|
12.22
|
8.79
|
9.10
|
|
Net Property, Plant & Equipment
|
0.38
|
0.30
|
0.22
|
0.19
|
|
Total Assets
|
20.04
|
18.75
|
21.04
|
21.28
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
1.16
|
1.04
|
0.95
|
1.87
|
|
Debt in Current Liabilities
|
6.46
|
3.01
|
3.00
|
NA
|
|
Total Current Liabilities
|
7.63
|
4.06
|
4.02
|
1.94
|
|
Long-Term Debt
|
NA
|
NA
|
NA
|
NA
|
|
Total Liabilities
|
7.63
|
4.06
|
4.02
|
1.94
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
0.08
|
0.08
|
0.08
|
0.08
|
|
Retained Earnings
|
-61.36
|
-58.89
|
-55.63
|
-53.25
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
12.42
|
14.69
|
17.02
|
19.33
|
|
Total Liabilities and Stockholders' Equity
|
20.04
|
18.75
|
21.04
|
21.28
|
Cash Flow Summary (Millions) |
|
Categories
|
3/31/2009
|
12/31/2008
|
9/30/2008
|
6/30/2008
|
|
Net Cash Provided by Operating Activities
|
-1.77
|
-2.32
|
-0.48
|
-2.03
|
|
Net Cash Provided by Investing Activities
|
-0.14
|
-0.18
|
-0.12
|
-0.14
|
|
Net Cash Provided by Financing Activities
|
3.45
|
0.01
|
2.99
|
0.01
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2004 | 0.72 | -4.14 | -- | | 12/2005 | 0.81 | -5.43 | -- | | 12/2006 | 1.12 | -5.38 | -- | | 12/2007 | 4.92 | -4.54 | -0.66 | | 12/2008 | 7.48 | -9.37 | -1.15 | | Growth Rates | 79.38 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 03/31/09 | 13 | 1,583 | 19.36 |
|
Report Date :
6/23/2009
 Copyright
2009, EDGAR Online, Inc. All
rights reserved. Replication or redistribution of EDGAR Online, Inc. content is
expressly prohibited without the prior written consent of EDGAR Online, Inc.
EDGAR Online, Inc. shall not be liable for any errors or delays in the content,
or for any actions taken in reliance thereon.
|
|
|