timhyma
14年前
I didn't see any R&D expenses in the last 10-Q, so probably no new products being developed. It trades at .3x the tangable book- so I'm holding for a possible buy out at book (92 cents). 48% of the biz is Wal-Mart:
DAC Technologies Group International, Inc. (the “Company”), is in the business of developing, marketing and outsourcing the manufacture of various consumer products, patented and non-patented. Since 2003, the Company’s primary business has been gun maintenance and gun safety, with a target consumer base of sportsmen, hunters and outdoorsmen, and recreational enthusiasts. In 2005, the Company began developing products in the hunting and camping market, and in 2007 and 2008 added a line of household products. In 2009, the Company eliminated a significant portion of its hunting and camping products and some of its household products due to their relatively low gross margins.
Although a significant portion of our business is with the mass-market retailer Wal-Mart (approximately 55% during 2009 and 48% for the first nine months of 2010 ), we have been able to considerably increase our business with large sporting goods retailers, distributors and catalog companies.
Virtually all of the Company’s products are manufactured and imported from mainland China and shipped to the Company’s warehouse facilities in Little Rock, Arkansas and Los Angeles, California for distribution. These products, along with other items manufactured in the United States, are sold primarily to mass merchants and sporting goods retailers throughout the United States and international locations.
Gun Cleaning & Maintenance: We market over fifty (50) different gun cleaning kits, rod sets, tools and accessories used to clean and maintain virtually any firearm on the market......This product area accounted for 60% and 62% of gross sales.....
Hunting and Camping: This product area accounted for 15% and 13% of gross sales .....
Gun Safety: We market twelve (12) different gun safety locks and five (5) security and specialty safes....product area accounted for 19% and 17% of gross sales .....
Household Products: We market five household cleaner dusters and a line of household fireplace screens, tools and accessories. This product area accounted for 6% and 8% of gross sales.....
.....The Company’s gross margins decreased from 30% for the nine months ended September 30, 2009 to 26% for the nine months ended September 30, 2010. This decrease is attributable to the licensing fee the Company now pays for the Winchester ® name for products sold to Wal-Mart, as well as price reductions extended to Wal-Mart in mid-2009. As discussed above, these two issues only affected the first six months/......
10 bagger
15年前
DAAT.. $0.61 Look out below..
DAC TECHNOLOGIES GROUP INTERNATIONAL, INC.
Condensed Consolidated Statements of Operations
For The Three Months Ended March 31, 2010 and 2009
Unaudited
2010 2009
Net sales $ 2,006,676 $ 3,533,456
Cost of sales 1,467,920 2,461,760
Gross profit 538,756 1,071,696
Operating expenses
Selling 334,361 445,789
General and administrative 301,049 278,049
Total operating expenses 635,410 723,838
Income (loss) from operations (96,654 ) 347,858
Other income (expense)
Interest expense (22,541 ) (47,053 )
Other income — 14
Total other income (expense) (22,541 ) (47,039 )
Income (loss) before income tax provision (119,195 ) 300,819
Provision (benefit) for income taxes (45,369 ) 116,520
Net income (loss) $ (73,826 ) $ 184,299
Basic and diluted earnings (loss) per share $ (0.01 ) $ 0.03
Weighted average number of common shares:
Basic and diluted 5,793,699 5,857,710
The accompanying selected notes are an integral part of these condensed consolidated financial statements.
MikeDDKing
15年前
DAC Technologies Announces 2009 Results
On Thursday March 25, 2010, 8:30 am
LITTLE ROCK, AR--(Marketwire - 03/25/10) - DAC Technologies (OTC.BB:DAAT - News) today announced results for 2009. Net income for the year ending December 31, 2009 was $553,555 as compared to $356,694 for the same ending period in 2008. This is an increase of $196,861 or a 55% increase in net income. Gross profit margins were 28% in 2009 versus 22% in 2008 or an increase of 6%. Earnings per share for 2009 were 10 cents versus 06 cents a share in 2008. This is an increase of .04 cents per share or a 67% increase in earnings per share.
Net sales for 2009 were $14,680,709 as compared to $17,042,361 for 2008, a decrease of $2,361,652 or 14%. This decrease in sales came from the Company's decision not to manufacture low gross margin products, primarily fireplace equipment and game processing items, but instead to concentrate on its core business of gun cleaning and firearm accessories including gun locks. Non-core items accounted for $4,842,192 in gross revenue in 2008 with very little if any profit margins. The Company's core business of gun cleaning and firearm accessories increased in 2009 to $12,547,920 in gross revenues as compared to $10,060,248 in 2008. This is an increase of $2,487,672 or a 25% increase in core business sales.
David A. Collins, Chairman and CEO, noted, "Although our net sales declined, our core business increased substantially along with substantial increases in net profits, operating profits, gross margins and earnings per share. The company has also opened an office in Bentonville, AR and a distribution center in Los Angeles, CA to better serve Wal-Mart and all of our customers. The company is looking forward to a good 2010, especially in the 3rd and 4th quarter as we have new products going into most all of our customers, including Wal-Mart and Cabelas."
In addition, the Company will be filing its annual 10K Report, including audited financial statements, with the Securities and Exchange Commission, no later than March 31, 2010.
About DAC:
DAC Technologies Group International, Inc. is an outsource manufacturer of high quality, reasonably priced security safes, gunlocks, gun cleaning kits, sporting goods, household cleaning products and various hardware items. DAC distributes its products through mass merchandisers such as Wal-Mart and Kmart, and sporting goods retailers and distributors such as Cabela's, Acusport, Jerry's, RSR, Maurice, Academy Sports, Sports Authority and others. DAC also provides gunlocks to OEM gun manufacturers such as Glock, SigArms, Savage, Weatherby, as well as others. Also, DAC's products are distributed through catalog companies.
The Private Securities Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release (as well as information included in written statements to be made) contains statements that are forward looking, such as those relating to consummation of the transaction, anticipated future revenue of the Company's and success of current public offerings. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward-looking statements.
Contact:
For Shareholder Information please call 1-800-920-0098 or email at Email Contact.
stonehenge
15年前
OT: rifle discipline .. .. .. .. .. .. ..
For those that don't know him, Major General Peter Cosgrove is an Australian.
General Cosgrove was interviewed on the radio recently...
Read his reply to questions of a female interviewer regarding the sponsorship by his military headquarters to a Boy Scout Troop visiting the military Headquarters.
Regardless of how you feel about gun laws you have to love this!
This is one of the best comeback lines of all time.
FEMALE INTERVIEWER: “So, General Cosgrove, what things are you going to teach these young boys when they visit your base?”
GENERAL COSGROVE: “We're going to teach them climbing, canoeing, archery and shooting.”
FEMALE INTERVIEWER: “ Shooting?! That's a bit irresponsible, isn't it?”
GENERAL COSGROVE: “I don't see why, they'll be properly supervised on the rifle range.”
FEMALE INTERVIEWER: “Don't you admit that this is a terribly dangerous activity to be teaching children?”
GENERAL COSGROVE: “I don't see how. We will be teaching them proper rifle discipline before they even touch a firearm. “
FEMALE INTERVIEWER: “ But you're equipping them to become violent killers.”
GENERAL COSGROVE: “Well, Ma'am, you're equipped to be a prostitute, but you're not one, are you?”
The radiocast went silent for 46 seconds and, when it returned, this interview was over…….
MikeDDKing
15年前
David A. Collins, CEO of DAC Technologies Interviewed on Smallcaps.US
On 8:30 am EST, Friday November 20, 2009
LITTLE ROCK, AR--(Marketwire - 11/20/09) - DAC Technologies (OTC.BB:DAAT - News) is pleased to announce that Chairman and CEO, David A. Collins, was featured in an interview with Smallcaps.us. The interview took place November 19, 2009 and can be heard in its entirety by logging on to http://smallcaps.us/blog/?p=412.
In the interview, Mr. Collins stated that it was still too early in the fourth quarter to tell what revenues and earnings the Company will realize in fiscal year 2009. He did feel comfortable with his initial guidance of 2009 earnings between 12 and 14 cents per share. This would represent a 100% increase over 2008's earnings of 6 cents per share.
Furthermore, Mr. Collins confirmed that the largest purchase order in the Company's sixteen-year history was completely shipped and is in stores at the present time. The Wal-Mart purchase order was for the Company's deluxe gun cleaning kit and was in excess of seven figures.
Looking at 2010, Mr. Collins said that the Company has picked up seven new products at the world's second largest sporting goods retailer, and that it is increasing its business and product line with most all other sporting goods retailers. This way, the Company hopes to increase its revenues and gross margins in 2010.
About DAC:
DAC Technologies Group International, Inc. is an outsource manufacturer of high quality, reasonably priced security safes, gunlocks, gun cleaning kits, sporting goods, household cleaning products and various hardware items. DAC distributes its products through mass merchandisers such as Wal-Mart and Kmart, and sporting goods retailers and distributors such as Cabela's, Acusport, Jerry's, RSR, Maurice, Academy Sports, Sports Authority and others. DAC also provides gunlocks to OEM gun manufacturers such as Glock, SigArms, Savage, Weatherby, as well as others. Also, DAC's products are distributed through catalog companies.
The Private Securities Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release (as well as information included in written statements to be made) contains statements that are forward looking, such as those relating to consummation of the transaction, anticipated future revenue of the Company's and success of current public offerings. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward- looking statements.
Contact:
For Shareholder Information please call
1-800-920-0098
Email Contact
SSKILLZ1
15年前
Yes it does, but you have to remember they cut 4.8 Million in sales out of the picture by cutting that lower margin business if I'm reading it right. So they won't be growing top line in 2009. Even if revenues grow 30% y/y (q3 + q4 combined) minus losing that 4.8 million in sales. They still don't even get to 6 million in sales for q4 if I'm calculating right.
Keep in Mind 41% of their sales was from order last year of business that they will not be doing in q3 and q4.
Margins is starting to concern me. They dropped sequentially, and you have to wonder if they are going to continue?
I think and .ob stock who is showing declining y/y revs, I fully understand why they are showing declining revs, plus 2010 revs should probably grow. So Long run, I think you may be right, short run stock may be dead money, or even drop further, until the q4 report, keep in mind q4 doesn't come out until late march. I think the uncertainty (Margins and q4 sales) will give it a 7-10 PE on the low end of guidence. Having said that this stock may trade under fair value levels until we have better visability going foward. Just my opinion.
MikeDDKing
15年前
It wasn't in the Q3'09 earnings release but was in the following PR from September 3rd:
DAC Technologies Receives Large Holiday Purchase Orders
Press Release
On 8:30 am EDT, Thursday September 3, 2009
LITTLE ROCK, AR--(Marketwire - 09/03/09) - DAC Technologies (OTC.BB:DAAT - News) today announced it has received the largest single purchase order in its 16 year history. The purchase order from Wal-Mart is for the Company's deluxe gun cleaning kit and will ship in October and November of 2009. The purchase order is for a Holiday promotion and is well in excess of seven figures.
David A. Collins, Chairman and CEO, stated, "The Company is very excited about receiving POs of this magnitude and continues to concentrate on its core business of gun cleaning kits and firearm accessories. The Company is experiencing large sales increases in this area and expects the trend to continue. The Company reaffirms its higher guidance of 14 to 16 cents earnings per share and sales of $16 to $18 million."
About DAC:
DAC Technologies Group International, Inc. is an outsource manufacturer of high quality, reasonably priced security safes, gunlocks, gun cleaning kits, sporting goods, household cleaning products and various hardware items. DAC distributes its products through mass merchandisers such as Wal-Mart and Kmart, and sporting goods retailers and distributors such as Cabela's, Acusport, Jerry's, RSR, Maurice, Academy Sports, Sports Authority and others. DAC also provides gunlocks to OEM gun manufacturers such as Glock, SigArms, Savage, Weatherby, as well as others. Also, DAC's products are distributed through catalog companies.
The Private Securities Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release (as well as information included in written statements to be made) contains statements that are forward-looking, such as those relating to consummation of the transaction, anticipated future revenue of the Company's and success of current public offerings. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward-looking statements.
Contact:
For Shareholder Information:1-800-920-0098Email Contact
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