Company Information

  

Address: 1590 REED ROAD  
City: PENNINGTON 
State: NJ 
Zip Code: 08534 
Telephone: 609-730-0400 

Description of Business

Primary SIC Code: 4911
(As filed with the SEC)  

Nearly 70% of the earth's surface is covered by water, with over 40% of the world's population living within approximately 150 miles of a coast. Thousands of information gathering and/or power systems are deployed in the oceans today to increase our understanding of weather, climate change, biological processes, and marine mammal patterns and to support exploration and operations for industries such as oil and gas. Most of these systems are powered by battery, solar, wind, fuel cell, or fossil fuel generators that may be unreliable and expensive to operate while they also may be limited in their ability to deliver ample electric power. These current systems often necessitate significant tradeoffs in sensor accuracy, data processing and communications bandwidth and frequency in order to operate given limited available power. More persistent power systems requiring less maintenance, such as our systems, may have the ability to save costs over these current systems.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
07/2017-0.73NAN/E
04/2017-2.23NAN/E
01/2017-4.02NAN/E
10/2016-4.68NAN/E
07/2016-6.59NAN/E
04/2016-7.25NAN/E
01/2016-6.94NAN/E
10/2015-7.20NAN/E

Key Financial Ratios and Statistics

FYE: 04/30

Profitability 2017 Leverage 2017
Net Inc/Comm Equity-0.05Total Liab/Total Assets0.46
Net Inc/Total Assets-0.94Total Liab/Inv Cap0.85
Net Inc/Inv Cap-1.75Total Liab/Comm Equity0.02
Pretax Inc/Net Sales-12.08Interest Coverage RatioNA
Net Inc/Net Sales-11.25Curr Debt/Equity0.01
Cash Flow/Net Sales-11.91LTD/Equity0.00
SG&A/NetSales7.79Total Debt/Equity0.01
Asset Utilization   Liquidity  
Net Receivables Turnover0.59Quick Ratio2.12
Inventory TurnoverNACurrent Ratio2.12
Inventory Day SalesNANet Rec/Curr Assets0.04
Net Sales/Work Cap0.16Inv/Curr AssetsNA
Net Sales/PP&E4.96  

Income Statement (Millions)

  7/31/2017 4/30/2017 1/31/2017 10/31/2016
Total Revenues(Net Sales) 0.20 0.25 0.22 0.17
Cost of Goods Sold 0.22 0.32 0.36 0.13
Selling & Admin Exps 1.64 1.70 1.62 1.72
Operating Income -2.77 -2.91 -2.71 -2.99
Interest Exp NA NA NA NA
Pretax Income -2.66 -2.58 -2.82 -0.97
Other Income 0.10 0.34 -0.11 2.02
Net Income Bef Extraordinary ... NA NA NA NA
Net Income -2.66 -2.58 -2.12 -0.97

Balance Sheet (Millions)

Assets 7/31/2017 4/30/2017 1/31/2017 10/31/2016
Cash & Short Term Investments 11.80 8.78 11.43 12.84
Receivables - Total 0.60 0.34 0.32 2.60
Inventories - Total NA NA NA NA
Total Current Assets 12.78 9.75 12.10 15.83
Net Property, Plant & Equipment 0.15 0.17 0.20 0.22
Total Assets 13.09 10.07 12.42 16.37
Liabilities        
Accounts Payable 1.71 3.65 3.31 3.02
Debt in Current Liabilities 0.04 0.04 0.03 0.03
Total Current Liabilities 2.99 4.60 4.60 6.11
Long-Term Debt 0.01 0.02 0.03 0.04
Total Liabilities 3.00 4.63 4.63 6.75
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock 0.00 0.00 0.00 0.00
Common Stock 0.01 0.01 0.01 0.01
Retained Earnings -190.04 -187.37 -184.79 -182.68
Treasury Stock -0.30 -0.26 -0.26 -0.17
Total Stockholders' Equity 10.09 5.45 7.79 9.62
Total Liabilities and Stockholders' Equity 13.09 10.07 12.42 16.37

Cash Flow Summary (Millions)

Categories 7/31/2017 4/30/2017 1/31/2017 10/31/2016
Net Cash Provided by Operating Activities -4.24 -2.49 -1.27 -3.36
Net Cash Provided by Investing Activities -0.01 -0.21 -0.00 0.06
Net Cash Provided by Financing Activities 7.18 -0.01 -0.09 6.83

Annual Summary Data (Millions)

Year Sales Net Income EPS
04/20133.62-14.68--
04/20141.50-10.97--
04/20154.11-13.11--
04/20160.70-13.13-7.25
04/20170.84-9.49-2.23
Growth Rates-30.51----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/17254193.35




Report Date : 10/16/2017

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