Company Information

  

Address: 4505 EMPEROR BOULEVARD
SUITE 200 
City: DURHAM 
State: NC 
Zip Code: 27703 
Telephone: 919-859-1302 

Description of Business

Primary SIC Code: 2836
(As filed with the SEC)  

This report includes forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, which are subject to the "safe harbor" created in Section 21E. In particular, statements about our expectations, beliefs, plans, objectives or assumptions of future events or performance are contained or incorporated by reference in this report. All statements other than statements of historical facts contained herein are forward-looking statements. We have based these forward-looking statements on our current expectations about future events. While we believe these expectations are reasonable, forward-looking statements are inherently subject to risks and uncertainties, many of which are beyond our control. Our actual results may differ materially from those suggested by these forward-looking statements for various reasons, including those discussed in this report under the heading "Risk Factors.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
06/2019-1.15NAN/E
03/2019-1.00NAN/E
12/2018-0.98NAN/E
09/2018-0.93NAN/E
06/2018-0.83NAN/E
03/2018-0.85NAN/E
12/2017-0.78NAN/E
09/2017-0.64NAN/E

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2018 Leverage 2018
Net Inc/Comm Equity-0.13Total Liab/Total Assets0.66
Net Inc/Total Assets-0.69Total Liab/Inv Cap2.24
Net Inc/Inv Cap-2.32Total Liab/Comm Equity0.12
Pretax Inc/Net Sales-4.90Interest Coverage Ratio-10.03
Net Inc/Net Sales-4.90Curr Debt/Equity0.69
Cash Flow/Net Sales-4.48LTD/Equity0.57
SG&A/NetSales1.43Total Debt/Equity1.26
Asset Utilization   Liquidity  
Net Receivables Turnover3.97Quick Ratio1.62
Inventory TurnoverNACurrent Ratio1.65
Inventory Day SalesNANet Rec/Curr Assets0.04
Net Sales/Work Cap0.46Inv/Curr Assets0.01
Net Sales/PP&E2.26  

Income Statement (Millions)

  6/30/2019 3/31/2019 12/31/2018 9/30/2018
Total Revenues(Net Sales) 1.45 5.89 2.73 1.45
Cost of Goods Sold 0.00 1.40 0.00 0.00
Selling & Admin Exps 8.66 6.24 4.49 7.92
Operating Income -34.92 -29.33 -25.26 -28.49
Interest Exp 3.04 2.73 2.41 2.35
Pretax Income -37.63 -31.05 -27.43 -29.60
Other Income 0.32 1.00 0.24 1.24
Net Income Bef Extraordinary ... NA NA NA NA
Net Income -37.63 -31.05 -27.43 -29.60

Balance Sheet (Millions)

Assets 6/30/2019 3/31/2019 12/31/2018 9/30/2018
Cash & Short Term Investments 96.78 109.95 106.01 121.83
Receivables - Total 3.60 5.00 4.29 3.39
Inventories - Total 1.00 0.60 1.65 0.82
Total Current Assets 103.72 117.65 114.35 128.50
Net Property, Plant & Equipment 7.55 7.64 9.14 9.24
Total Assets 116.34 142.34 146.84 168.31
Liabilities        
Accounts Payable 42.39 36.87 35.51 33.46
Debt in Current Liabilities 29.34 29.23 33.75 30.70
Total Current Liabilities 71.95 66.33 69.48 64.36
Long-Term Debt 49.85 49.62 28.08 31.00
Total Liabilities 125.54 119.83 97.61 95.44
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock 0.00 0.00 0.00 0.00
Common Stock 1.10 1.10 1.10 1.10
Retained Earnings -800.41 -762.79 -731.97 -704.54
Treasury Stock NA NA NA NA
Total Stockholders' Equity -9.19 22.51 49.24 72.87
Total Liabilities and Stockholders' Equity 116.34 142.34 146.84 168.31

Cash Flow Summary (Millions)

Categories 6/30/2019 3/31/2019 12/31/2018 9/30/2018
Net Cash Provided by Operating Activities -24.50 -27.00 -23.99 -35.03
Net Cash Provided by Investing Activities 22.28 15.88 -3.17 -9.53
Net Cash Provided by Financing Activities 0.41 20.04 1.34 63.92

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/201413.61-45.19-0.68
12/201548.26-43.02-0.59
12/201626.35-55.14-0.75
12/201725.19-65.78-0.78
12/201820.65-101.25-0.98
Growth Rates10.99----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional06/30/19149101,03591.49




Report Date : 9/9/2019

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