Category Archives: stocks

Mikros Systems Announces 2014 Results: Record Profits and Backlog

Revenues Up 80%; Backlog at $5.5M; ADEPT Contract Extended Through August 2016

PRINCETON, N.J., March 31, 2015 (GLOBE NEWSWIRE) — Mikros Systems Corporation (MKRS), an advanced technology company which designs and manufactures specialized electronic systems for the Department of Defense, today announced strong financial results for 2014, including record profits for the year and the largest backlog for future orders in the Company’s history.

Mikros reported revenues of $5.53 million in 2014, compared to $3.05 million in 2013, an increase of $2.48 million or more than 80%. Net income was $533,000 compared to a loss of $147,000 in 2013. As of December 31, 2014, the backlog for future orders stood at $5.5 million, representing the highest backlog in the history of the Company.

“We are delighted to report a return to profitability after surviving a lean 2013 caused primarily by defense budget sequestration cuts and delays,” said Mikros President Tom Meaney. “Not only did Mikros come back with strong operating performance in 2014, we also generated multiple new contracts and task orders under existing contracts and believe our prospects for future growth are as strong as they have ever been. We continue to receive orders for additional production and related support of our ADEPT products, and several important new development contracts which will extend the system to maintain other Navy radars and combat system equipment.”

B-Scada’s Fiscal Year-End 2014 Results Include Record-Setting Quarter

CRYSTAL RIVER, Fla., Jan. 27, 2015 (GLOBE NEWSWIRE) — B-Scada, Inc. (OTCQB:SCDA), a software solutions provider specializing in compelling visualization technology and HMI/SCADA products, today reported financial results for its year-end 2014 (FYE14) compared to year-end 2013 (FYE13).

FYE14 highlights compared with FYE13:

– Revenues were $2.038 million, an increase of $490,040 or 32% from $1.548 million
– Service revenues were generated from implementation of our software products and custom training provided to customers
– Net Income increased 18% to $1,029,563 an increase of $158,315 from $871,248
– 2014 Q4 was a record-setting quarter for B-Scada, with quarterly revenue reaching $620,000.

B-Scada’s release of Status Enterprise in early 2014 has been received well by the marketplace and currently has multiple deployments throughout various industries. Status Enterprise is currently deployed for power plant monitoring, glass manufacturing, boiler monitoring, plastic molding and more.

Profire Energy Reports Record Revenues & Net Income in Q2 FY2014

Company Reports Revenues of $9.3 Million With $2.0 Million Net Income (After-Tax), Representing 113% Increase in Revenues and 217% Increase in Net Income (After-Tax) From Previous Year’s Same Quarter

LINDON, Utah, Nov. 14, 2013 (GLOBE NEWSWIRE) — Profire Energy, Inc. (PFIE), a technology company which manufactures, installs and services burner management systems and other combustion technologies for the oil and gas industry, today announced that it has filed its Quarterly Report on Form 10-Q for its fiscal quarter ended September 30, 2013 with the U.S. Securities and Exchange Commission.

The Company reported record quarterly revenue and net income (after-tax) for the quarter ended September 30, 2013 of $9,342,456 and $2,049,549, respectively. These figures represent a 113% increase in revenue and a 217% increase in net income (after-tax) compared to the same quarter of the prior fiscal year. Basic earnings per share increased to $0.05 for the quarter, compared to $0.01 for the same quarter of the prior fiscal year. As a percentage of revenues, cost of goods sold decreased to 40%, compared to 49% for the same quarter of the prior fiscal year.

The Company reported record revenues and net income (after-tax) for the six-month period ended September 30, 2013 of $16,524,036 and $3,663,533, respectively. These figures represent a 105% increase in revenue and a 202% increase in net income (after-tax) compared to the same period of the prior fiscal year. Basic earnings per share increased to $.08 for the period, compared to $.03 for the same period of the prior fiscal year. As a percentage of revenues, cost of goods sold decreased to 41%, compared to 45% for the same period of the prior fiscal year.

IntelliCell BioSciences Receives US Patent for its Stem Cell Extraction Technology

NEW YORK, June 13, 2013 /PRNewswire/ — IntelliCell BioSciences, Inc. (“Company”) (SVFC) announces that it has been notified by the US Patent office that its patent for stem cell extraction technology has been published. IntelliCell’s proprietary patented method for deriving blood vessel originated vascular cells from adipose (fat) tissue by use of ultrasonic cavitation has been made official. This technology involves an innovative mechanical method for the separation of stromal vascular fraction cells from adipose (fat) tissue, without the use of enzymes. Vascular cells derived by IntelliCell’s proprietary method are potentially useful in bringing the promise of regenerative medicine to many therapeutic and aesthetic procedures. Investors can access the published patent at the US Patent website by entering the patent # 8,440,440. Link to patent website: http://patft.uspto.gov/netahtml/PTO/srchnum.htm

IntelliCell’s Chairman and CEO, Dr. Steven Victor, stated “Our Company is very pleased to announce today that with the publishing of our patent, our technology is now protected and we expect our international patent publication in a short time.”

About IntelliCell BioSciences, Inc.

IntelliCell BioSciences is a Regenerative Medicine company developing novel technologies that address the regenerative, curative and preventative conditions of disease states with high unmet clinical needs. The Company has several patent-pending applications including the patent that was recently published, an industry unique method of obtaining autologous stromal vascular fraction cells (SVF) cells from the vasculature surrounding adipose tissue containing adult stem cells and a robust population of regenerative healing cells. The Company is also pioneering the development of autologous and allogeneic cells from living and non-living tissue donors for research purposes. IntelliCell is planning a series of in-human clinical studies with top tier universities for the treatment of osteoarthritis, multiple sclerosis, lower limb ischemic wounds, and gum regeneration in the oral cavity as well as medical aesthetics. The Company has developed a first in class cGTP cellular processing facility in New York City, purpose built and designed to be fully integrated into an ambulatory surgery center.

Q & A with Richard J. Kurtz, Chairman of the Board, LaPolla Industries, Inc.

1) Your last 10Q was for the period ending September 30, 2012. Will you be releasing Quarterly Reports going forward? When will you be releasing your Annual Report?

Our 10-K should be released by April 01, 2013. We have always filed our quarterly reports for the last 14 years.

2) Can you confirm the current number of shares outstanding? Does this include options and warrants? Approximately how much is owned by insiders?

Current shares outstanding and issued – 109,372,266
Options and Warrants – 13,988,407
Insiders Own Approximately – 92,500,000

3) According to the last 10Q LaPolla is operating at a loss. Do you expect profitability in the near future? If so, when and how will it be achieved?

We anticipate profitability in 2013. We are projecting sales above 90M and EBITA 4M+. LaPolla is focused primarily on converting thousands of conventional insulators to Spray Polyurethane Foam. Spray foam is now ready to rapidly accelerate in the insulation market because of high-energy costs, consumer awareness, and LaPolla’s/AirTight’s abilities to successfully transition conventional insulators into the spray foam business.

4) The recent news release regarding 5-year deal with Mark Group Limited is particularly noted for your entrance into the UK markets. What other geographical areas are you looking into? What percentage of total revenue is from foreign sales?

We are currently in the following International Markets: Bahamas, Bermuda, China, Czech Republic, Dominican Republic, Dubai, Egypt, France, Greece, Hungary, Kuwait, Ireland, Italy, Norway, Panama, Poland, Portugal, Qatar, South Africa, Spain, and United Kingdom.

Percentage of total International revenue will be a minimum of 12%. Could be as high as 20% in 2013. Foreign sales in 2014 could be 40M to 50M.

5) Besides foreign sales, what is your plan for growing the company?

We recently started two programs that you can learn more about on our website. One is the Home Retrofit Program. The other is the AirTight™ Program.

Both programs address the 80 million homes in the United States that need proper insulation. The Home Retrofit Program is aimed at homeowners. The AirTight™ Program is aimed at entrepreneurs who want to own their own business, and insulation professionals who want to partner with LaPolla and take advantage of our training, marketing, and superior products.

6) Could you break down for us LaPolla’s most popular products in terms of sales, margins, and profitability?

Our most popular product is our Spray Polyurethane Foam, which is used for the insulation market and as a roofing system. In addition to manufacturing spray polyurethane foam for insulation and roofing, we also manufacture acrylic roof coatings. Acrylic roof coatings are applied over existing conventional roofs and roofing systems. Acrylic coatings extend the life of roofs and create a “cool roof” in climates of heat.

Our margins range between 20% and 25% (depending on the product).

7) Does LaPolla manufacture its own products? How many total employees?

LaPolla manufactures all products in Houston, Texas. We have 71 employees.

8) Is your business model more business-to-business or business-to-consumer? Can you break down your revenue from each?

Our business model is in most cases business to distributors of our products (25%) and direct business to roofing contractors / foam insulation contractors / builders / general contractors (50%). The balance is in international business and miscellaneous business.

9) Are there any financial incentives, tax incentives, rebates, loans, etc. for homeowners who are on the fence about foam insulation?

Many individual states offer financial and tax incentives to homeowners and commercial building owners in order to save energy. These programs are accelerating throughout the United States.

AirTight™ has its own 100% financing program available to homeowners with proper credit offered through AFC First Financial in Allentown, PA. This just began February 01, 2013.

10) What separates your products from other foam products on the market? Why would a homeowner or insulation company choose LaPolla products?

LaPolla’s main product and future is foam insulation. All foam products are similar in many aspects. Our R Value (Heat Resistance) is excellent; however other companies are similar in R Value.

Our largest competitors are Bayer, DOW and BASF, global companies with strong resources and brand recognition, though their insulation divisions are a very small part of their sales.

The spray foam market is a hands-on, relationship driven industry. Many global chemical suppliers, our competition, are not effectively structured to meet fragmented market demands associated with thousands of small “mom and pop” insulation businesses throughout the United States. LaPolla’s size and flexibility provides the dynamics needed to aggressively pursue and effectively participate in such an environment. We are clearly the more aggressive and innovative company.

11) How do you market your products and services?

We market our products with a sales team of 26 personnel and numerous reps. We have excellent customer service with aggressive techniques in all areas of sales. LaPolla markets its spray polyurethane foam and acrylic coatings to contractors, distributors independent representatives and consumers.

Beginning January 1, 2013 our AirTight™ Home Energy Audit Program was introduced in certain locations throughout the U.S. The introduction of the AirTight™ Energy Auditor Program provides the nation with the largest direct to consumer sales force. AirTight™ anticipates in excess of 1,000 Energy Auditors becoming independent sales representatives in 2013 and 2014. This number will accelerate to 5,000 within the next five years.

The Energy Auditor will first audit all utility and electric bills of the homeowner. After a complete inspection and utilizing their building science training, they will be able to determine the air loss in the home and present the AirTight™ Home Retrofit to address the issues uncovered during the audit.  AirTight™ will review with the Energy Auditor the various steps to be taken in order to insulate the home with foam insulation. Foam insulation will be recommended in the attic, various walls, and crawl spaces of the home.

Through AirTight’s financing ability, the homeowner will be able to finance all costs of the Energy Savings Package. It is anticipated that the cost savings of the homeowner’s utility bills will offset most or all of their monthly financing charges. In most cases, AirTight™ will be able to facilitate 100% financing with respect to this program.

The Department of Energy estimates that some 80 million single-family owner occupied homes in the U.S. are in need of being retrofit. AirTight’s Home Energy Audit Program will provide homeowners with a one-source solution to make their upgrades.

12) How is spray foam insulation different from regular insulation in terms of energy and dollar savings? You’ve said that foam insulation even competes favorably with solar energy from rooftop panels, could you elaborate?

It is common knowledge that spray foam insulation is more beneficial then the current “fiberglass insulation” that has been used in homes and buildings for the past 75 years. (Fiberglass insulation was invented in 1938 by the Owens Corning Company.)

There is factual data that we have, showing savings from 35% to 45% in homes and multi-family unit buildings. My colleague, Rob Petersen, CFO of The Kamson Corporation, installed spray foam insulation 2 ½ years ago in his 3,200 square foot home located in Woodcliff Lake, New Jersey. His savings in gas and electric is conservatively 35%.

The same energy savings have taken place in other apartment building complexes owned by The Kamson Corporation. One example is the Dahnert Park Apartments in Garfield, New Jersey. In late 2010, the entire attics and crawl spaces of this apartment complex had spray foam insulation installed.

In 2010, (entire 12 months) gas costs equaled $20,011.17
In 2012, (entire 12 months) gas costs equaled $11,054.13

Depending on location, the construction, and design of the home or commercial structure, the return of your investment of spray foam insulation can be between three and five years.

The cost of solar energy with roof panels is substantially greater. The objective of solar energy is to create less expensive energy at unfortunately a very high cost in investment. Spray foam insulation “contains” energy within the building envelope. The investment to do this savings of energy is probably one-tenth the cost of the investment to create solar energy.

Energy savings is beginning to accelerate within the United States and even greater throughout the world. We believe LaPolla is very well positioned for this acceleration.

Thank you Richard for taking the time in answering these questions. We look forward to LaPolla’s continued growth and progress and wish you great success.

George Pessin, Pennyheaven.com
(Disclosure: I am long LPAD)

For more information see:
LaPolla Industries website:
http://www.lapolla.com/

AirTight™ Spray Foam Insulation by LaPolla: http://www.airtightinsulation.com/

LaPolla YouTube Channel:
http://www.youtube.com/user/lapollaindustries