This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

MWW Automotive Reports Financial Results For First Fiscal Quarter 2012

Comparison of the three months revenues ended December 31, 2011 to the three months revenues ended at December 31, 2010.Net revenues were approximately $224,000 for the three months ended December 31, 2011, a decrease of $370,920 from the three months ended December 31, 2010. This decrease is attributable to the fact that we elected to re-focus on our core business, while eliminating less profitable and more resource intense projects. The Company has now been quoting on only large and more profitable paint projects and has already begun production for some of the new programs for 2012 and 2013. These programs are expected to provide continued and significant revenue growth during 2012 and the years ahead and improve the Company's bottom line.

Gross (Loss) Profit

For the three months ended December 31, 2011, MWW's gross loss was $91,684 compared to gross profit of $144,024 for the three months ended December 31, 2010. The reason for this decrease was that MWW sold a greater percentage of its lower margin products in 2011 than in 2010. The actions taken during 2011, especially the further streamlining of our production facilities and the aggressive cost reduction exercises in all departments of the company, have been implemented to reverse this trend and return the company to profitability.

Operating Expenses

Selling, general, and administrative expenses were $253,026 in 2011 compared to $327,226 during 2010. Significant components of operating expenses consist of professional fees, salaries, and impairment losses. The decrease in SG&A is attributable to management's stringent efforts to reduce overhead costs and the aggressive cost down exercises in all areas of the company.

About MWW Automotive Group (MWW)

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,730.11 -27.80 -0.16%
S&P 500 2,076.78 -0.64 -0.03%
NASDAQ 5,009.2140 -3.9090 -0.08%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs