The 10-Q can be found @ http://www.sec.gov
Third Quarter 2023 Highlights
- The Company installed four systems and our distributors expanded our system in new and current locations during the quarter.
- The Company had six customer contracts in backlog as of
September 30, 2023 . The company anticipates that the majority of these contracts will be installed in the next two quarters. As of the filing date of this report, the Company has signed two new contracts.
Financial Results
Maintenance revenue for the quarter was
Gross profit for the nine months ending was
Net income for the nine months ending was
The following table provides a reconciliation of the numerators and denominators used in calculating basic and diluted earnings per share for the three months ended
For the Three Months Ended | |||||||
2023 | 2022 | ||||||
Basic and diluted earnings per share calculation: | |||||||
Net income | $ | 171,998 | $ | 290,126 | |||
Weighted average number of common shares outstanding - basic | 4,552,988 | 4,521,988 | |||||
Basic net income per share | $ | 0.04 | $ | 0.06 | |||
Weighted average number of common shares outstanding - diluted | 4,606,488 | 4,566,679 | |||||
Diluted net income per share | $ | 0.04 | $ | 0.06 |
The following table provides a reconciliation of the numerators and denominators used in calculating basic and diluted earnings per share for the nine months ended
For the nine Months Ended | |||||||
2023 | 2022 | ||||||
Basic and diluted earnings per share calculation: | |||||||
Net income to common stockholders | $ | 1,079,239 | $ | 1,309,642 | |||
Weighted average number of common shares outstanding - basic | 4,552,481 | 4,521,988 | |||||
Basic net income per share | $ | 0.24 | $ | 0.29 | |||
Weighted average number of common shares outstanding - diluted | 4,610,786 | 4,560,604 | |||||
Diluted net income per share | $ | 0.23 | $ | 0.29 |
About
Founded in 1995,
Forward Looking Statements
This press release contains forward-looking statements that involve numerous risks and uncertainties. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including those set forth in the Company's filings with the
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Source:
2023 GlobeNewswire, Inc., source