Exousia Advanced Materials

Company is a manufacturer, marketer, and distributor of advanced materials including proprietary resins, additives, industrial coatings and structural materials used in the manufacturing and construction industries. Revenues totaled $1,082,000 for the three quarters ended September 30, 2008; year over year growth currently stands at over 1700%

Home Videos Research Press Release Q&A Discussion

Threads Posts

Ouch

almost 15 years ago

Sorta figured the news release on Friday was to defer attention from the weak Financials that were to come out. I definitely must say I'm disappointed with the numbers today.

Only 110K in sales in the 3Q and 314K thus far this year. This was supposed to be the ramp up, yet their sales were higher in 08.

Seems like they're really racking up the debt, and if sales don't ramp up very soon, I would think they'll be in big trouble. I believe the shareholders equity of negative 704K is definitely a concern. Their interest expense was almost equal to their totals sales (75K vs 110K).

With only 21K in sales in China (3Q), which seems to be where all the focus is, I'm expecting huge growth in the future Q's.

I've watched a lot of my money disappear, and can only hope it reappears next year.