August 2008 - Page 21 of 55

ThursdayAug 21, 2008 4:21 am

Profits Double Up For Deep Down, Inc. (DPDW.OB)

A series of acquisitions helped strengthen the bottom line for Deep Down, Inc (OTCBB: DPSW). The sub-sea pipeline infrastructure company has generated revenues of $14.2 million so far this year, compared to $7.2 million for the same 6-month period last year. Deep Down's statement shows that acquisitions of Mako ($2.7 million of the increase), Floatation Technologies ($1.5 million) and ElectroWave ($900,000) accounted for $5.1 million of the increase. The core business saw a revenue decrease (-$200,000) due to customer's delaying scheduled projects, the company said. In addition, the company wrote off $800,000 in two bad debts. One was the result…

ThursdayAug 21, 2008 4:12 am

Tower Semiconductor Ltd. (TSEM) Achieves 2nd Highest Quarterly Revenue of $58.1 Million

Second quarter financial results were released today from Israel-based Tower Semiconductor (NASDAQ: TSEM), showing high revenues, a plan for debt reduction and reflecting the company’s purchase of Jazz Technologies. Tower achieved revenue of $58.1 million in the second quarter, slightly above company projections. That compares to $57.6 in the 1st quarter and $57.1 million in the same quarter last year. Tower is also aggressively pursuing ways to restructure cash flow and debt. These moves include: - A cost reduction plan expected to result in about $40 million annual savings - Decreased net loss in the first six months of 2008…

ThursdayAug 21, 2008 4:10 am

Vaccine Trials, Uses, Progress for Sinobiomed, Inc. (SOBM.OB)

Sinobiomed’s (OTCBB: SOBM) recombinant Batroxobin (rBAT) is in its Phase IIb trials for 328 patients. Results are expected before year’s end. A company news release says international interest from government and organizations would grow significantly if the product proceeds to Phase III clinical trials. “[We have] already received indications of interest from global pharmaceutical companies for joint development, marketing and production,” the release states. Clinical trials for Sinobiomed’s recombinant malaria candidate vaccine are set to begin before the end of the 3rd Quarter. The tests are tentatively planned to take place at Mahidol University in Bangkok, Thailand. Batroxobin is produced…

ThursdayAug 21, 2008 4:08 am

Shares of Accuray, Inc. (ARAY) Decline 7 Percent after Missing Fourth Quarter and Fiscal Year 2008 Estimates

Accuray, Inc. (NASDAQ: ARAY), a global leader in the field of radiosurgery dedicated to providing an improved quality of life and a non-surgical treatment option for those diagnosed with cancer, recently announced its fourth quarter and fiscal year 2008 financial results. Shares of Accuray declined 7 percent earlier this week on the news. The company reported net sales of $50.9 million for the three months ended June 30, 2008, compared to $44.0 million for the same period one-year earlier. Net income for the second quarter totaled $191,000, or breakeven per diluted share, compared to a net income $502,000, or $0.01…

ThursdayAug 21, 2008 4:06 am

Shares of Concurrent Computer Corp. (CCUR) Trade Lower on Fourth Quarter and Fiscal Year-End 2008 Financial Results

Concurrent Computer Corporation (NASDAQ: CCUR), a leading provider of real-time, Linux-based computing technologies for commercial and government markets, recently announced its financial results for the fourth quarter and year-end results for the fiscal year. Shares of the company’s stock moved lower earlier this week on the quarterly revenue announcement of $17.6 million, compared to $21.09 million for the same period in 2007. The company’s net loss for the fourth quarter totaled $0.12 per fully diluted share, compared to a loss of $0.09 per share for the same period one-year earlier. Total year-end revenue reached $70.8 million, up slightly from $69.1…

WednesdayAug 20, 2008 5:17 pm

ChinaEdu Corporation (CEDU) Reports Solid Second Quarter Results, Shares Rise 21%

ChinaEdu Corporation (CEDU), an educational services provider in China, reported second quarter financial results yesterday afternoon that sent its stock soaring 20.7% today, closing at $4.67 on more than twice its normal trading volume. Revenues in the quarter rose 24.9% year-over-year to $11.6 million. Net income was $1.3 million, or 7 cents per ADS, a decline of 40% year-over-year from $2.2 million. The decrease in net income was attributable to a higher tax rate in the quarter, and increased expenses related to the company’s expansion plans. Analysts expected earnings of 6 cents per ADS on $10.3 million in revenues. Ms.…

WednesdayAug 20, 2008 5:15 pm

LaPolla Industries Inc. (LPAD.OB) Reports Second Quarter Profit on Sales Growth

LaPolla Industries Inc. (LPAD.OB), a manufacturer and supplier of spray polyurethane foam insulation and coatings designed to reduce energy consumption in commercial and residential construction and retrofit markets, reported second quarter financial results this afternoon after the close. Revenues rose 26% to $12.0 million, compared to $9.5 million for the same period in fiscal 2007. Sales of foam products surged 63% to $9.1 million from $5.6 million, while the coatings segment experienced a 25% decline to $2.9 million from $3.9 million in Q2 2007. Gross profit rose to $2.7 million, a 53% increase from $1.8 million. Operating net income was…

WednesdayAug 20, 2008 5:14 pm

Advanced Work at Tanzania Mining Site Underway For Uranium Hunter Corp. (URHN.OB)

Uranium Hunter Corp (OTCBB: URHN) announced that ground targets have been mapped by a field crew now in place at its Ruhuhu exploration site in Tanzania. Previously a helicopter survey identified targets based on the geophysics of the land. “Much has been completed to finally be at this stage of the project,” said Ghaith Qamheiah, president of Uranium Hunter, “and we are anxiously awaiting results of the field program. With the recent strengthening of the price of uranium, and the progress of our projects, we feel the future is bright for Uranium Hunter shareholders." The advanced field work at the…

WednesdayAug 20, 2008 12:01 pm

Satcon Technology Corp. (SATC) Powers Up the Nation’s Largest Single-Roof Solar Project

For more than 22 years, Satcon Technology Corp. (Nasdaq: SATC) has provided utility-scale distributed power solutions for the booming, evolving renewable energy market. The company’s efficient energy systems are applicable to solar photovoltaic (PV), stationary fuel cells, wind turbines and energy storage systems. The company today announced its power solutions have earned it a 2.36-megawatt solar power project from the American Capital Energy of North Chelmsford, Mass., a full service solar energy project integration and installation company for large commercial enterprises. The project will be the largest single roof-mounted solar array in the United States. American Capital Energy connects Satcon…

WednesdayAug 20, 2008 12:00 pm

Universal Energy Corp. (UVSE.OB) Posts Strong Fiscal Results, Boosted by Positive Well Production

Universal Energy Corp. (OTCBB: UVSE) in an emerging energy company pursuing acquisition and development of crude oil and natural gas leases in the United States. The company recently posted its operational second quarter results for the fiscal year ended June 30, 2008. Universal Energy reported net income at $2.9 million for the first quarter of 2008, up from a loss of $2.03 million for the second quarter of 2007. On a six-month scale, the company posted $3.55 million for the period ended June 30, 2008, up from a loss of $2.7 million the same period the year prior. Revenue for…

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Month: August 2008