March 2012 - QualityStocks

FridayMar 30, 2012 4:35 pm

Guanwei Recycling Corp. (GPRC) Posts Record Financial Results for 2011

Guanwei Recycling, China's leading clean tech manufacturer of recycled low density polyethylene (LDPE), today reported financial results for fiscal 2011, reflecting record sales and profits. Net revenues for 2011 increased 34 percent to a record $63.6 million compared to $47.5 million reported a year earlier. Net income in 2011 grew 29 percent to a record $12.7 million, or $0.64 per diluted share, compared with $9.9 million, or $0.50 per diluted share, reported in 2010. Gross profit for 2011 increased approximately 27 percent to $19.48 million, while gross margins decreased to 30.64 percent from 32.20 percent a year earlier. The company…

FridayMar 30, 2012 4:31 pm

Applied DNA Sciences, Inc. (APDN) smartDNA Gets Official Green Light for Forensic Use

Applied DNA Sciences, a provider of DNA-based security solutions, today announced that its botanical, smartDNA anti-theft system is now officially approved by the Swedish National Police Board (RPS). smartDNA will be used by law enforcement in all counties in Sweden effective June 2012. smartDNA is a patented security system used to protect valuables in highly covert sting operations, and can be incorporated within existing security and anti-theft systems. In the event of a crime, the offender is marked (sprayed) with a DNA-marked fluorescing dye, which allows for detection and forensic evaluation. The technology is already used by the Swedish National…

FridayMar 30, 2012 2:30 pm

It’s Hard to Overlook Longhai Steel, Inc. (LGHS)

Scrolling through another batch of earnings reports from big board companies in the steel business once again showcases the out-of-sync valuation of Longhai Steel and its industry peers. Olympic Steel (NASDAQ: ZEUS) reported Q4 2011 net sales totaled $319.9 million, the highest ever for its fourth quarter, an increase of 48.7% from the $215.2 million reported for the year-ago period. Fourth quarter 2011 net income totaled $0.6 million, or $0.05 per diluted share, compared to a net loss of $1.6 million, or $0.15 per diluted share, in last year's fourth quarter. Net sales for the year totaled $1.26 billion in…

FridayMar 30, 2012 1:58 pm

Mikros Systems Corp. (MKRS) Announces 2011 Fourth Quarter and Full Year Results

Mikros Systems Corp., an advanced technology company primarily specializing in electronics systems technology for military applications, announced today its results for the fourth quarter and 12 months ended Dec. 31, 2011. The company finished 2011 with record revenue of $5.3 million – an 11% increase from the previous year. The company additionally increased its gross profit from $2.0 million in 2010 to $2.1 million at the close of 2011, ending the year with $1 million in cash and cash equivalents – an increase of more than 50% from 2010. Mikros Systems’ fourth quarter revenue for 2011 was $2.3 million –…

FridayMar 30, 2012 10:25 am

Liquidmetal Technologies, Inc. (LQMT) Video Chart for Friday, March 30, 2012

LQMT is moving into a decision-making area. The pps is facing resistance at the 200-day moving average while drawing support from the 50-day moving average. When the two key moving averages converge, the chart will have to make a move through one or the other which could signal whether or not the multi-month uptrend will continue or not. To view the video chart, visit the following link: http://www.qualitystocks.net/videocharts Let us hear your thoughts below:

FridayMar 30, 2012 9:51 am

Sinovac Biotech Ltd. (SVA) Phase I Clinical Data for EV71 Vaccine Against Hand, Foot, and Mouth Disease Published in Vaccine

Sinovac Biotech yesterday announced that the positive phase I clinical data for its proprietary inactivated Enterovirus 71 (EV71) vaccine was accepted for publication by Vaccine, a peer-reviewed journal. The uncorrected proof is available online. The EV71 vaccine is an inoculation against hand, foot, and mouth disease (HFMD). The article, entitled “Safety and immunogenicity of a novel human Enterovirus 71 (EV71) vaccine: A randomized, placebo-controlled, double-blind, Phase I clinical trial,” gives a detailed look at the safety observation with preliminary immunogenicity data from the study, in which all three age groups (adult, children, and infants) showed good safety and tolerance profiles.…

ThursdayMar 29, 2012 4:25 pm

SilverSun Technologies, Inc. (SSNT) Announces Record Revenues and Earnings; Reduces Total Liabilities by 60.5%

SilverSun Technologies, Inc., a total solutions provider specializing in business software for the small and medium-sized business market, just reported its financial results for the calendar year ended December 31, 2011, in a Form 10-K filed with the Securities and Exchange Commission. The company’s revenues for the twelve-month period increased 40.5% year-over-year to a record $10,522,080 from $7,486,703 in 2010. Net income on a consolidated basis totaled $2,708,931 for the year ending December 31, 2011, also a record, as compared to a net loss of $568,505 on a consolidated basis for the year ended December 31, 2010, an increase of…

ThursdayMar 29, 2012 1:17 pm

Vertex Energy, Inc. (VTNR) Posts Q4, FY 2011 Financial Results

Vertex Energy, a leading environmental services company that recycles industrial waste streams and off-specification commercial chemical products, today announced its financial results for the fourth quarter and full year ended December 31, 2011. Fourth quarter revenue increased nearly 100 percent to $31.3 million for 2011 compared with $15.7 million in revenue reported for the fourth quarter of 2010. Gross profit was $1.31 million compared with $1.48 million during the fourth quarter of 2010. Income from operations was $235,829 compared with $510,205 during the fourth quarter of 2010. Net income was $2.1 million compared to $467,280 in last year's fourth quarter;…

ThursdayMar 29, 2012 1:07 pm

American Energy Corp. (AEDC) Kicks-Off Development Plans as Michigan’s Frost Laws are lifted

Independent energy company American Energy Development today announced it has re-started development on its 1,343 acre Dansville Prospect after an early end to Michigan's Frost laws, which took effect in late February and were lifted on March 15. Frost laws are seasonal restrictions implemented to curb traffic weight limits and speeds on roadways that are subject to thaw weakening. The laws were lifted early this year due to unseasonably warm temperatures in the region, which allows for American Energy to move forward on its second well, Cremer 1-1. Cremer 1-1 has been surveyed and bonded, and the company said it…

ThursdayMar 29, 2012 12:58 pm

Pyramid Oil Company (PDO) Reports Strong Financials, Projects Further Growth amid Rising Oil Prices, Expanding Operations

Today, veteran oil and gas sector developer Pyramid Oil, which has been fielding acreage candidates and drilling wells since 1909, punched out some very nice FY11 and Q4 (ended Dec 31, 2011) financial data. FY11 data offers a clear view of the company’s solid growth vector: • Sales - up 26% to $5.7M (from $4.5M in 2010) • Total Revenue - up 18% to $5.7M (from $4.8M) • EPS - up 359% to $0.23 (from $0.05) • Operating Cash Flow - up 47.1% to $2.5M (from $1.7M) • Cash, Cash Equivalents, and Short-Term Investments - up 30.4% to $6M (from…

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Month: March 2012