News
RICHARDSON, TX -- TXP Corp., a provider of pre-manufacturing services for electronics
manufacturing, today reported September quarter sales of $1.7 million and net income was
$2.2 million.
The odd ratio was tied to a one-time revene gain in the third quarter 2005 and a large tax benefit in the just-completed period.
For the quarter net income included a non-cash gain of $2.7 million related to a change in the fair value of derivative financial instruments. TXP had net income of $405,000 in 2005.
Sales dropped $4.2 million from the quarter last year, when TXP booked $5.2 million from a one-time project with a single customer.
The operating loss was $215,000, down from income of $676,000 last year.
Total revenue year-to-date is $5.1 million, down from $8.5 million in 2005. The operating loss is $346,000, versus operating income of $332,000, and the net loss is $2.1 million, versus a net loss of $21,000 last year.
Excluding last year's one-time gain, core revenues rose 120% year-over-year and gross margin increased to 41% from 22% last year.
The odd ratio was tied to a one-time revene gain in the third quarter 2005 and a large tax benefit in the just-completed period.
For the quarter net income included a non-cash gain of $2.7 million related to a change in the fair value of derivative financial instruments. TXP had net income of $405,000 in 2005.
Sales dropped $4.2 million from the quarter last year, when TXP booked $5.2 million from a one-time project with a single customer.
The operating loss was $215,000, down from income of $676,000 last year.
Total revenue year-to-date is $5.1 million, down from $8.5 million in 2005. The operating loss is $346,000, versus operating income of $332,000, and the net loss is $2.1 million, versus a net loss of $21,000 last year.
Excluding last year's one-time gain, core revenues rose 120% year-over-year and gross margin increased to 41% from 22% last year.
ST. PETERSBURG, FL -- Jabil Circuit Inc. will restate its 2005 financial
reports as a result of a review of its historical stock options
practices. The company said it intends to
file any restated financial statements and its annual report for the
year ended Aug. 31, 2006, "as soon as practicable."
The contract manufacturer is being investigated by the SEC over its past stock option grants.
The contract manufacturer is being investigated by the SEC over its past stock option grants.
NEWPORT, UK - EVS International has relocated to Porchfield, Newport, UK. The facility is triple the size of the company’s previous separate facilities. The new facility houses all offices, the warehouse and workshop.
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