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عضو محترف
- التسجيل
- 24 أغسطس 2002
- المشاركات
- 1,140
CirTran`s 10Q Reports 363% Sales Increase, Positive EBITDA and Positive Shareholder Equity
May 23, 2005 12:00:03 (ET)
CirTran Corporation (CIRT, Trade), an international full-service contract manufacturer of IT, consumer and consumer electronics products, today reported an increase in sales of 352%, positive EBITDA of $26,518, and positive shareholder equity for the first quarter of fiscal 2005 in its 10-Q filing with the SEC.
Iehab J. Hawatmeh, CirTran's founder and president, said the company engineered a swing of nearly $3.5 million in total stockholder equity in the quarter, reporting $1,222,230 as compared with a deficit of $(2,242,033) as of December 31, 2004.
"This is the first time as a public company that CirTran has shown positive EBITDA and total shareholder equity," Mr. Hawatmeh said. "By any and all measures, CirTran is off to its best start ever."
CirTran's revenues were $2,920,465, up 352% over the $645,612 for the same period a year ago, while the company also achieved an 84% reduction in loss from operations, reporting $(59,199) as compared with $(366,965) for the first quarter a year ago.
Growing in the U.S. and China
"CirTran is growing on two continents," said Mr. Hawatmeh. "In the first quarter, we won more than $30 million (annualized) in new contracts for our less-than-a-year-old CirTran-Asia subsidiary, which manufactures products for the sold-on-TV consumer products industry, and grew here at home at our newly ISO 9001:2000-certified factory in Salt Lake."
Mr. Hawatmeh said CirTran's record start to 2005 followed what he called "a very strong fourth quarter and an overall fiscal revival in 2004." In its 10-KSB filing, CirTran reported a 629% increase in sales and a 77% reduction in losses for 2004 as compared with 2003
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May 23, 2005 12:00:03 (ET)
CirTran Corporation (CIRT, Trade), an international full-service contract manufacturer of IT, consumer and consumer electronics products, today reported an increase in sales of 352%, positive EBITDA of $26,518, and positive shareholder equity for the first quarter of fiscal 2005 in its 10-Q filing with the SEC.
Iehab J. Hawatmeh, CirTran's founder and president, said the company engineered a swing of nearly $3.5 million in total stockholder equity in the quarter, reporting $1,222,230 as compared with a deficit of $(2,242,033) as of December 31, 2004.
"This is the first time as a public company that CirTran has shown positive EBITDA and total shareholder equity," Mr. Hawatmeh said. "By any and all measures, CirTran is off to its best start ever."
CirTran's revenues were $2,920,465, up 352% over the $645,612 for the same period a year ago, while the company also achieved an 84% reduction in loss from operations, reporting $(59,199) as compared with $(366,965) for the first quarter a year ago.
Growing in the U.S. and China
"CirTran is growing on two continents," said Mr. Hawatmeh. "In the first quarter, we won more than $30 million (annualized) in new contracts for our less-than-a-year-old CirTran-Asia subsidiary, which manufactures products for the sold-on-TV consumer products industry, and grew here at home at our newly ISO 9001:2000-certified factory in Salt Lake."
Mr. Hawatmeh said CirTran's record start to 2005 followed what he called "a very strong fourth quarter and an overall fiscal revival in 2004." In its 10-KSB filing, CirTran reported a 629% increase in sales and a 77% reduction in losses for 2004 as compared with 2003
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دورة المؤشرنت للتحليل الفني
50 دينار كويتي