ATC Venture Group Inc. Announces Financial Results For First And Second Fiscal Quarters
ATC Venture Group Inc. (AMEX:ATC) today announced its financial results for the first and second fiscal quarters.
| For the Fiscal Quarter ended December 31, 2011 | For the Fiscal Quarter ended December 31, 2010 | |||||||||||||||||||||||||||||
| Continuing | Discontinued | Continuing | Discontinued | |||||||||||||||||||||||||||
| Operations | Operations | Total | Operations | Operations | Total | |||||||||||||||||||||||||
| Sales | $ | 571,803 | $ | 5,546,597 | $ | 6,118,400 | $ | 693,049 | $ | 3,544,257 | $ | 4,237,306 | ||||||||||||||||||
| Cost of goods sold | 492,991 | 3,641,533 | 4,134,524 | 657,664 | 2,813,064 | 3,470,728 | ||||||||||||||||||||||||
| Gross profit (loss) | 78,812 | 1,905,064 | 1,983,876 | 35,385 | 731,193 | 766,578 | ||||||||||||||||||||||||
| Sales, general, & admin | 113,133 | 1,277,209 | 1,390,342 | 183,792 | 943,050 | 1,126,842 | ||||||||||||||||||||||||
| Other revenue (expense) | (10,960 | ) | 2,115,531 | 2,104,571 | (14,812 | ) | (80,004 | ) | (94,816 | ) | ||||||||||||||||||||
| Net gain (loss) pre tax | $ | (45,281 | ) | $ | 2,743,386 | $ | 2,698,105 | $ | (163,219 | ) | $ | (291,861 | ) | $ | (455,080 | ) | ||||||||||||||
| Net gain (loss) | $ | (45,281 | ) | $ | 1,708,386 | $ | 1,663,105 | $ | (141,320 | ) | $ | (167,760 | ) | $ | (309,080 | ) | ||||||||||||||
| For the Fiscal Quarter ended March 31, 2012 | For the Fiscal Quarter ended March 31, 2011 | |||||||||||||||||||||||||||||
| Continuing | Discontinued | Continuing | Discontinued | |||||||||||||||||||||||||||
| Operations | Operations | Total | Operations | Operations | Total | |||||||||||||||||||||||||
| Sales | $ | 1,956,444 | $ | 11,085 | $ | 1,956,444 | $ | 660,220 | $ | 2,317,141 | $ | 2,977,361 | ||||||||||||||||||
| Cost of goods sold | 1,808,890 | 2,342 | 1,811,232 | 702,331 | 1,978,853 | 2,681,184 | ||||||||||||||||||||||||
| Inventory adjustments | - | - | - | 48,092 | - | 48,092 | ||||||||||||||||||||||||
| Gross profit (loss) | 147,554 | 8,743 | 145,212 | (90,203 | ) | 338,288 | 248,085 | |||||||||||||||||||||||
| Sales, general, & admin | 724,259 | 7,322 | 731,581 | 240,404 | 1,163,507 | 1,403,911 | ||||||||||||||||||||||||
| Intangible impairment | - | - | - | - | 110,186 | 110,186 | ||||||||||||||||||||||||
| Operating expense | - | - | - | - | 56,549 | 56,549 | ||||||||||||||||||||||||
| Other revenue (expense) | (23,350 | ) | (236 | ) | (23,586 | ) | (23,998 | ) | 527,185 | 503,187 | ||||||||||||||||||||
| Net loss pre tax | $ | (600,055 | ) | $ | 1,185 | $ | (598,870 | ) | $ | (354,605 | ) | $ | (464,769 | ) | $ | (819,374 | ) | |||||||||||||
| Net gain (loss) | $ | (600,055 | ) | $ | 1,185 | $ | (598,870 | ) | $ | (230,982 | ) | $ | (1,120,729 | ) | $ | (1,351,711 | ) | |||||||||||||
The Company reported sales from continuing operations of $572 thousand for the fiscal quarter ended December 31, 2011 compared to $693 thousand in the prior year. The Company reported total sales, including sales from discontinued operations, of $6.12 million for the fiscal quarter ended December 31, 2011 compared to $4.24 million in the prior year.
Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim 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
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
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
Stocks Under $10
TRY IT FREEDavid 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
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll 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 + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur 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
