This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Plaintree Systems Inc Releases Q3-2012 Results

Stocks in this article: NPT PTEEF

Plaintree Systems Inc. (Plaintree, traded on CNSX under the symbol NPT).

Q3-2012 Results

Plaintree announced today that it has released its unaudited interim condensed consolidated financial statements and related management discussion and analysis for the nine months ended December 31, 2011.

During the third quarter of fiscal 2012, Plaintree realized revenues of $2,374,062 and a net loss of $714,840.

For the first three quarters of fiscal 2012, sales totaled $10,085,245 compared to $8,599,372 for the same period in fiscal 2011 and a net loss of $185,600, compared to a net income of $666,161 for first nine months of fiscal 2011. The results for the nine month period ended December 31 2011 includes a full nine months of operational expenses relating to the launching of Arnprior Fire Trucks Corp., moving and renovation expenses associated with the Company moving into a new 135,500 sq/ft building in Arnprior and the carrying costs of the two, now vacant and available for sale, manufacturing buildings owned by the Company. The nine month period ended December 31 2010 included only several weeks of the above described expenses.

As a result of the Company completing its move into the new 135,500 sq/ft building in Arnprior, Ontario, the two Company owned buildings previously used by the Company for manufacturing have now been put up for sale.

Basic (loss) earnings per share after deduction for accrued dividends on the Preferred Shares was $(0.10) and $(0.03) for the respective first nine months of fiscals 2012 and 2011.

On February 6, 2012, Plaintree announced the purchase of all the assets and business of Summit Tool Corporation in Pocono Summit, Pennsylvania. This new company specializes in high end machining of super-alloys for the aircraft and helicopter markets. Operations will continue in its present location under the name of Summit Aerospace USA Inc as a wholly-owned subsidiary of Plaintree Systems Inc.

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs