Transtech Industries, Inc. Reports Results for the Quarter Ended March 31, 2009
2009年5月14日 - 3:46AM
ビジネスワイヤ(英語)
Robert V. Silva, President and Chief Executive Officer of
Transtech Industries, Inc. (OTC BULLETIN BOARD:TRTI) announced the
results of operations for the quarter ended March 31, 2009. The
Company�s subsidiaries perform environmental services and generate
electric power utilizing methane gas as fuel.
Revenues for the electricity generation segment for the quarter
ended March 31, 2009 were $111,000 versus $159,000 reported for the
period in 2008. The decrease in revenue was due to a decline in the
price received per kilowatt generated. Gross revenues of the
environmental services segment for the period in 2009 and 2008 were
$153,000 and $219,000, respectively. The environmental services
were conducted on sites owned or leased by members of the
consolidated group in both quarters and therefore eliminated in the
calculation of net revenues.
The cost of operations for the quarters ended March 31, 2009 and
2008 were $700,000 and $704,000, respectively, and other income was
$139,000 and $121,000, respectively.
No income tax benefits were recognized in the period for 2009
versus $144,000 reported for the period in 2008.
Net loss for the quarter ended March 31, 2009 was $450,000, or
$.15 per share, versus a net loss $280,000, or $.09 per share, for
period in 2008.
The Company and certain subsidiaries previously participated in
the waste recovery and waste management industries. The Company
continues to incur administrative and legal expenses on matters
related to its past participation in those industries. In addition,
the Company may incur significant remediation and post-closure
costs related to sites of past operations.
Presented below are the unaudited consolidated balance sheet as
of March 31, 2009 and comparative consolidated statements of
operations for the quarters ended March 31, 2009 and 2008.
TRANSTECH INDUSTRIES,
INC.
AND SUBSIDIARIES
CONSOLIDATED BALANCE
SHEET
As of March 31, 2009 (Unaudited, in $000's) �
Assets
Cash and cash equivalents � $ 741 Marketable securities 1,999
Restricted escrow accounts 1,050 Other current assets � 884 Total
current assets 4,674 Restricted escrow accounts 6,005 Other assets
� 1,978 Total assets $ 12,657 �
Liabilities and Stockholders' Equity
Total current liabilities $ 1,989 Income taxes payable 537 Accrued
post-closure maintenance 7,232 Other liabilities 7 Stockholders'
equity � 2,892 Total Liabilities and Stockholders' Equity $ 12,657
CONSOLIDATED STATEMENTS OF
OPERATIONS
(In $000's, except per share data) � For the Quarters Ended
December 31,
2009
�
2008
Gross Revenues $ 264 $ 378 Less: Eliminations � (153 ) � (219 ) Net
Revenues 111 159 Cost of Operations (700 ) (704 ) Other Income 139
121 Income Tax Benefit - � � 144 � Net Loss $ (450 ) $ (280 ) �
Loss per common share: Net Loss $ (.15 ) $ (.09 )
Number of shares used in
calculation
2,979,190 2,979,190
This news release may contain forward-looking statements as
defined by federal securities laws, that are based on current
expectations and involve a number of known and unknown risks,
uncertainties and other factors that may cause the actual results,
levels of activity, performance or achievements to differ
materially from results expressed or implied by this press release.
Such risks and uncertainties include among others, the following:
general economic and business conditions; the ability of the
Company to implement its business strategy; the Company�s ability
to successfully identify new business opportunities; changes in the
industry; competition; the effect of regulatory and legal
proceedings. The forward-looking statements contained in this news
release speak only as of the date of release; and the Company does
not undertake to revise those forward-looking statements to reflect
events after the date of this release.
Transtech Industries (CE) (USOTC:TRTI)
過去 株価チャート
から 11 2024 まで 12 2024
Transtech Industries (CE) (USOTC:TRTI)
過去 株価チャート
から 12 2023 まで 12 2024