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Message: AGORACOM Small Cap TV - November 11th - Highlights

Good morning to you all. Please find enclosed a summary of the breaking small-cap and micro-cap financial news we highlighted on AGORACOM Small Cap TV this morning. It’s November 11th 2010, and we’ve found 5 great press releases to report on at the open. Another great day for small-cap and micro-cap financial news. To watch the show live every morning at 9:30 AM, visit our front page.

Merle A. Hinrichs, said: "We delivered a solid third quarter, increasing revenue by 29% from the same period last year. Our performance was driven by two shows that were new to the quarter and by a healthy rebound in our online business.

Financial highlights -- Third quarter: 2010 compared to 2009

-- Revenue was $39.4 million, as compared to $30.6 million.
-- GAAP net income, including a non-cash stock based compensation (SBC) expense of $722,000, and amortization of intangibles as it relates to certain equity compensation plans of $154,000, was $2.3 million, or $0.06 per diluted share, as compared to third quarter 2009 GAAP net income of $1.2 million, or $0.03 per diluted share, which included a non-cash SBC expense of $940,000.
-- Non-GAAP net income was $3.2 million, or $0.08 per diluted share, as compared to $2.1 million, or $0.05 per diluted share, for the third quarter of 2009.
-- Adjusted EBITDA was $6.0 million, as compared to $3.4 million for the third quarter of 2009.
-- Total deferred income and customer prepayments were $100.5 million as at September 30, 2010, as compared to $89.3 million as at September 30, 2009.

Financial highlights -- Nine Months Ended September 30th: 2010 compared to 2009

-- Revenue was $131.8 million, as compared to $119.6 million.
-- GAAP net income was $12.1 million, or $0.28 per diluted share, which included a non-cash SBC expense of $2.5 million, and amortization of intangibles as it relates to certain equity compensation plans of $371,000, as compared to $7.5 million, or $0.16 per diluted share, which included a non-cash SBC expense of $3.2 million.
-- Non-GAAP net income was $15.0 million, or $0.34 per diluted share, as compared to $10.7 million, or $0.23 per diluted share, for the nine months ended September 30, 2009.
-- Adjusted EBITDA was $21.2 million, as compared to $15.6 million for the nine months ended September 30, 2009.

About Global Sources

Global Sources is a leading business-to-business media company and a primary facilitator of trade with Greater China. The core business uses English-language media to facilitate trade from Greater China to the world. The other business segment utilizes Chinese-language media to enable companies to sell to, and within Greater China.

Last Trade: 8.2652 Week: 8.77 – 5.50Market Cap: 368.85 Million

Shiner International, Inc. (Nasdaq:BEST - News) ("Shiner" or the "Company"), an emerging global supplier of packaging solutions for food, tobacco, and consumer products, today announced its financial results for the quarter ended September 30, 2010.

Third Quarter Fiscal 2010 Financial Highlights

  • Revenues for the third quarter of fiscal year 2010 increased by 79.2% year-over-year to $15.5 million, up from $8.7 million in the third quarter of 2009.
  • Net income for the third quarter increased 338.7% year-over-year to $1.3 million, compared to $0.3 million for the third quarter of 2009.
  • Gross margin for the third quarter was 22.1% based on gross profit of $3.4 million, compared to a 17.3% margin in the same period last year.
  • Operating income and operating margin for the third quarter were $1.6 million and 10.5%, respectively, compared to $0.27 million and 3.1%, respectively, in the third quarter of 2009.
  • Earnings per diluted share were $0.05 for the quarter, compared to earnings per diluted share of $0.01 in the same period a year ago.
  • The Company continues to project revenues of $53 million and net income of $4 million, or $0.17 per diluted share, for 2010.

About Shiner International, Inc.

Shiner International is engaged in the research and development, manufacture and sale of flexible packaging material. Products include coated packaging film, shrink-wrap film, common packaging film, anti-counterfeit laser holographic film and color-printed packaging materials. The Company's flexible packaging products are used by manufacturers in the food and consumer products industry to preserve texture, flavor, hygiene, and convenience and safety of their products. The Company was founded in 1990 and is headquartered in Haikou, China.

Last Trade: 1.2352 Week: 1.75 – 0.85Market Cap: 30.24 Million

Lotus Pharmaceuticals, Inc. (OTC Bulletin Board:LTUS.ob - News) ("Lotus" or the "Company"), a fast-growing, profitable developer, manufacturer and seller of medicine and drugs in the People's Republic of China ("PRC"), today announced its financial results for the third fiscal quarter ended September 30, 2010.

Third Quarter 2010 Financial Highlights

  • Revenues for the third quarter of fiscal year 2010 increased by 27.5% year-over-year to $18.5 million, up from $14.5 million in the third quarter of 2009
  • Net income for the third quarter increased 24.3% year-over-year to $6.7 million, compared with $5.4 million for the third quarter of 2009
  • Gross margin for the third quarter was 57.2% based on gross profit of $10.6 million, compared with a 58.7% margin in the same period last year
  • Operating income and operating margin for the third quarter were $7.0 million and 37.6%, respectively, compared to $6.0 million and 41.4%, respectively, in the third quarter of 2009
  • Earnings per diluted share were $0.12 for the quarter, compared with diluted EPS of $0.11 achieved in the same period a year ago

Nine Months Financial Highlights

  • Revenues for the nine months ended September 30, 2010 increased by 31.5% year-over-year to $52.6 million, up from $40.0 million in the third quarter of 2009
  • Net income for the nine months increased 30.6% year-over-year to $18.0 million, compared with $13.7 million for the third quarter of 2009
  • Gross margin for the nine months was 55.7% based on gross profit of $29.3 million, compared with a 57.7% margin in the same period last year
  • Operating income and operating margin for the nine months were $19.0 million and 36.2%, respectively, compared to $15.5 million and 38.8%, respectively, for the same period in 2009
  • Earnings per diluted share were $0.33 for the nine months, compared with diluted EPS of $0.28 achieved in the same period a year ago

About Lotus Pharmaceuticals, Inc.

Lotus Pharmaceuticals, Inc. is a fast-growing, profitable developer and producer of drugs and a licensed national seller of pharmaceutical items in the People's Republic of China (PRC). Lotus operates its business through its two controlled entities: Liang Fang Pharmaceutical, Ltd. and En Ze Jia Shi Pharmaceutical, Ltd.

Last Trade: 1.4952 Week: 2.00 – 0.77Market Cap: 79.57 Million

Radiant Posts 136.7% Earnings Growth With Adjusted EBITDA of $1,709,000 for the Fiscal First Quarter Ended September 30, 2010

Radiant Logistics, Inc. (OTC Bulletin Board: RLGT), a domestic and international freight forwarding and logistics services company, today reported financial results for the three months ended September 30, 2010.

For the three months ended September 30, 2010, Radiant reported net income of $783,000 on $46.4 million of revenues, or $0.03 per basic and fully diluted share. For the three months ended September 30, 2009, Radiant reported net income of $116,000 on $34.0 million of revenues, or $0.00 per basic and fully diluted share.

The Company also reported adjusted EBITDA (earnings before interest, taxes, depreciation amortization), of $1,709,000 for the three months ended September 30, 2010, compared to adjusted EBITDA of $722,000 for the comparable prior year period.

About Radiant Logistics (OTC BB: RLGT)

Radiant Logistics (www.radiantdelivers.com) is a non-asset based logistics company providing domestic and international freight forwarding and related services through a network of approximately 70 company owned and exclusive agent offices across North America. Operating under the Airgroup, Adcom Worldwide and Radiant Logistics brands, the company services a diversified account base including manufacturers, distributors and retailers using a network of independent carriers and international agents positioned strategically around the world.

Last Trade: 0.4952 Week: 0.52 – 0.22Market Cap: 14.85 Million

Endeavour Silver Reports Record EBITDA, Cash-Flow, Revenues in Q3, 2010; Silver Production of 797,000 oz Up 20% Compared to Q3, 2009

Endeavour Silver Corp. (TSX:EDR)

announced today its financial and operating results for the Third Quarter, 2010, including record quarterly EBITDA, cash-flow and revenues. Endeavour owns and operates two high-grade, underground, silver-gold mines in Mexico, the Guanacevi Mines in Durango State and the Guanajuato Mines in Guanajuato State.

Third Quarter 2010 Highlights (Compared to Q3, 2009)

  • Net Earnings climbed from $1.5 million loss to $0.1 million gain
  • EBITDA rose 826% to $6.5 million
  • Mine operating cash-flow escalated 181% to $10.9 million
  • Sales revenues increased 105% to $20.1 million
  • Cash costs increased 14% to $5.93 per oz silver produced (net of gold credits)
  • Silver production climbed 20% to 797,054 ounces (oz)
  • Gold production jumped 28% to 4,607 oz
  • Silver equivalent production rose 22% to 1,096,509 oz (65:1 silver: gold ratio, no base metals)
  • Plant expansion to 1,000 tonnes per day at Guanacevi now substantially complete

Endeavour Silver Corp. is a small-cap silver mining company focused on the growth of its silver production, reserves and resources in Mexico. Since start-up in 2004, Endeavour has posted five consecutive years of aggressive silver production, reserve and resource growth. The organic expansion programs now underway at Endeavour's two operating silver mines in Mexico combined with its strategic acquisition and exploration programs should help Endeavour achieve its goal to become the next premier mid-tier silver mining company.

Last: 5.85Range: 7.14-3.05Market Cap: 70 Million

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