Reconditioned Systems Inc. Reports Unaudited Earnings Results for the Fourth Quarter and Full year Ended March 31, 2012; Announces Annual Dividend
April 25, 2012
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Reconditioned Systems Inc. reported unaudited earnings results for the fourth quarter and full year ended March 31, 2012. For the quarter, the company has reported Sales of $2,613,635 against $3,557,048 a year ago. Net loss before provision for income taxes and loss on investment was $230,835 against net profit before provision for income taxes and loss on investment $273,103 a year ago. Net loss was $163,187 against net profit of $181,454 a year ago. Diluted loss per common and equivalent share was $0.16 against diluted earnings per common and equivalent share of $0.18 a year ago.
For the year, the company has reported Sales of $12,789,002 against $12,795,834 a year ago. Net profit before provision for income taxes and loss on investment was $520,517 against $780,311 a year ago. Net profit was $309,425 against $484,365 a year ago. Diluted earnings per common and equivalent share were $0.30 against $0.44 a year ago.
The company set the annual dividend of $0.12 payable on August 31, 2012, to shareholders of record on July 6, 2012.
Reconditioned Systems, Inc. is engaged in the manufacturing and sale of office workstations comprised of panel systems to customers located throughout the United States and Canada. The Company markets its products primarily in the continental United States. In addition, the Company specializes in remanufacturing of original equipment manufacturers (OEM) line of office workstations. The Companyâs products include workstations, office, tables, sit-to-stand, storage, and accessories. Its workstations products include EZcube Plus, EZcube and Echo Squared. Its office product consist of EZdesk, which provides solution for the private office. Its tables products include crucial, rigid, slant and sculpt tables. Its sit-to-stand products include pivot and clever tables. Its storage product consist of Echo Storage. Its accessories products include echo add-on panels, laminate privacy screens and desktop power.