| Address:
|
230 DUFFY AVENUE
|
| City: |
HICKSVILLE |
|
State: |
NY |
|
Zip Code: |
11801 |
| Telephone: |
516-390-5300 |
|
Description of Business
|
Primary SIC Code:
3790 |
| (As filed with the SEC)
|
|
|
BUSINESS
General Information
Our business address is 230 Duffy Avenue, Hicksville, New York 11801, and our
telephone number is 516-390-5300. Our website is www.adsiarmor.com. The
information contained in, or that can be accessed through, our website is not
part of this annual report.
History
American Defense Systems, Inc. was incorporated in December 2002 and commenced
business in May 2003 upon the acquisition of our wholly-owned subsidiary, A.J.
Piscitelli & Associates, Inc., or AJPA. Anthony Piscitelli, our President and
Chief Executive Officer, founded AJPA in 1994. AJPA developed and distributed
security-related products. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 06/2010 | -0.37 | NA | N/E | | 03/2010 | -0.35 | NA | N/E | | 12/2009 | -0.37 | NA | N/E | | 09/2009 | -0.18 | NA | N/E | | 06/2009 | -0.13 | NA | N/E | | 03/2009 | 0.03 | NA | 16.03 | | 12/2008 | 0.01 | NA | 57.00 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2009 |
Leverage |
2009 |
| Net Inc/Comm Equity | -1.10 | Total Liab/Total Assets | 1.12 | | Net Inc/Total Assets | -0.93 | Total Liab/Inv Cap | 1.92 | | Net Inc/Inv Cap | -1.59 | Total Liab/Comm Equity | 1.34 | | Pretax Inc/Net Sales | -0.33 | Interest Coverage Ratio | -2.20 | | Net Inc/Net Sales | -0.35 | Curr Debt/Equity | NA | | Cash Flow/Net Sales | 0.03 | LTD/Equity | -5.70 | | SG&A/NetSales | 0.38 | Total Debt/Equity | -5.70 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 4.34 | Quick Ratio | 1.37 | | Inventory Turnover | 34.38 | Current Ratio | 1.55 | | Inventory Day Sales | 0.07 | Net Rec/Curr Assets | 0.80 | | Net Sales/Work Cap | 11.39 | Inv/Curr Assets | 0.12 | | Net Sales/PP&E | 14.91 | | |
Income Statement (Millions) |
| |
6/30/2010
|
3/31/2010
|
6/30/2009
|
3/31/2009
|
|
Total Revenues(Net Sales)
|
11.44
|
15.45
|
14.03
|
9.49
|
|
Cost of Goods Sold
|
9.61
|
9.99
|
8.66
|
5.45
|
|
Selling & Admin Exps
|
3.93
|
4.10
|
4.09
|
3.99
|
|
Operating Income
|
-2.55
|
0.95
|
0.92
|
-0.39
|
|
Interest Exp
|
0.88
|
1.02
|
0.81
|
0.72
|
|
Pretax Income
|
-3.72
|
-0.82
|
-2.62
|
-1.71
|
|
Other Income
|
-0.29
|
-0.75
|
-2.79
|
-0.61
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
-3.72
|
-0.82
|
-2.62
|
-1.71
|
|
Assets
|
6/30/2010
|
3/31/2010
|
6/30/2009
|
3/31/2009
|
|
Cash & Short Term Investments
|
0.02
|
0.09
|
0.66
|
0.52
|
|
Receivables - Total
|
6.09
|
10.79
|
16.90
|
13.00
|
|
Inventories - Total
|
NA
|
NA
|
0.84
|
0.84
|
|
Total Current Assets
|
11.13
|
11.48
|
21.07
|
16.01
|
|
Net Property, Plant & Equipment
|
2.66
|
2.84
|
3.52
|
3.57
|
|
Total Assets
|
16.77
|
17.39
|
29.98
|
24.73
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
3.26
|
6.30
|
7.01
|
4.19
|
|
Debt in Current Liabilities
|
0.00
|
0.00
|
1.49
|
0.66
|
|
Total Current Liabilities
|
8.64
|
6.37
|
16.00
|
4.85
|
|
Long-Term Debt
|
13.72
|
13.33
|
4.72
|
11.81
|
|
Total Liabilities
|
22.53
|
19.90
|
20.72
|
16.66
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
0.05
|
0.05
|
0.05
|
0.04
|
|
Retained Earnings
|
-21.48
|
-17.76
|
-4.97
|
-2.36
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
-5.76
|
-2.51
|
9.26
|
8.07
|
|
Total Liabilities and Stockholders' Equity
|
16.77
|
17.39
|
29.98
|
24.73
|
Cash Flow Summary (Millions) |
|
Categories
|
6/30/2010
|
3/31/2010
|
6/30/2009
|
3/31/2009
|
|
Net Cash Provided by Operating Activities
|
0.04
|
0.14
|
0.47
|
-0.81
|
|
Net Cash Provided by Investing Activities
|
-0.11
|
-0.05
|
-0.23
|
-0.07
|
|
Net Cash Provided by Financing Activities
|
0.00
|
0.00
|
0.02
|
0.58
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2008 | 35.59 | -1.64 | 0.01 | | 12/2009 | 45.89 | -16.29 | -0.37 | | Growth Rates | 28.96 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 06/30/10 | 7 | 5,229 | 10.60 |
|
Report Date :
8/30/2010
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