Wowjoint Holdings Limited Reports Consolidated Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2012; Provides Revenue Guidance for the Fourth Quarter of 2012
For the nine months, the company reported total sales of USD 4.058 million compared to USD 20.387 million a year ago. Loss from operations was USD 2.723 million compared to income from operations of USD 2.158 million a year ago. Loss before income taxes was USD 2.088 million compared to income before income taxes of USD 1.970 million a year ago. Net loss attributable to the ordinary shareholders was USD 2.088 million compared to net income attributable to the ordinary shareholders of the company of USD 1.564 million a year ago. Basic and diluted loss per share was USD 0.26 compared to basic and diluted earnings per share of USD 0.20 a year ago. Net cash provided by operating activities was USD 0.389 million compared to USD 6.587 million a year ago. Purchase of property, plant and equipment were USD 1.902 million compared to USD 4.915 million a year ago.
The company announced revenue guidance for the fourth quarter of 2012 of approximately USD 2 to USD 3 million.