This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Imaflex loses $468,000 in third quarter 2009-11-13 05:38 ET - News Release Mr. Joseph Abbandonato reports IMAFLEX INC. ANNOUNCES RESULTS FOR THE THIRD QUARTER ENDED SEPTEMBER 30, 2009
Imaflex Inc. has released results for the third quarter ended Sept. 30, 2009.
FINANCIAL RESULTS
(in thousands, except per-share amounts)
For the three months For the nine months
ended Sept. 30, ended Sept. 30,
2009 2008 2009 2008
Sales $ 11,914 $ 13,976 $ 38,109 $ 40,104
Cost of sales 10,304 12,306 31,604 34,643
Gross profit (before
amortization) 1,610 1,670 6,505 5,461
Gross profit (%)(before
amortization) 13.5% 11.9% 17.1% 13.6%
Amortization of production
equipment 708 778 2,158 2,283
Gross profit 902 892 4,347 3,178
Gross profit (%) 7.6% 6.4% 11.4% 7.9%
Expenses 1,231 1,388 3,254 4,036
FX loss (gain) 255 207 502 344
Income (loss) before income taxes (584) (703) 591 (1,202)
Provision for income taxes (116) (117) 336 141
Net income (loss) (468) (586) 255 (1,343)
Basic and diluted earnings per
share (0.012) (0.016) 0.006 (0.036)
EBITDA 327 388 3,322 1,987
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