NEWS OUT RIGHT BEFORE BELL. GOING TO RUN WEDNESDAY! FemOne Announces 2005 Earnings Results, Increased Gross Profits by 351% CARLSBAD, Calif., April 18 /PRNewswire-FirstCall/ -- FemOne, Inc. (OTC Bulletin Board: FEMO), a publicly held Nevada corporation (the 'Company'), reported 2005 year end consolidated net sales of $7,754,509, an increase of 304% from the prior year. Sales from the Company's BIOPRO Technology division represented 89% of consolidated revenues for 2005.
The gross profits in 2005 increased to $6,087,850, an increase of 351% over gross profits of $1,350,653 in 2004.
Consolidated net loss attributable to common stockholders for the year ended December 31, 2005 was $3,021,674 or $0.04 per share, compared to net loss of $3,138,728 or $0.11 per share a year ago. The decrease in net loss per share of approximately 64% is due both to the increase in outstanding shares during 2005 as well as to the overall increase in revenues and gross profits during 2005 which was partially offset by operating expenses during 2005.
Operating expenses for the year ended 2005 were $8,134,143 compared to $3,529,602 in 2004. The increase in operating expenses is due to increased sales commission expense on increased sales, as well as increased sales and marketing expenses due to efforts to promote BIOPRO Technology and expand international operations.
Included in the Company's consolidated results for 2005 are revenues and expenses from its three controlled subsidiaries, BIOPRO Australasia Pty., Ltd, operating the Company's Direct Sales division in Australia and New Zealand, BIOPRO Asia, Inc., operating the Company's Direct Sales division in the Philippines, and SRA Marketing, Inc., its subsidiary for the Direct Response Shopping Network. During 2005, 19% of total revenues came from BIOPRO Australia, 1% from BIOPRO Asia and 8% from SRA Marketing.
Commenting on the 2005 results, Ray W. Grimm, FemOne's chief executive officer states: 'We are very pleased with having increased our revenues in 2005 by more than 4 times over revenues in 2004. We continue to grow, and have recently expanded into the international market in the Philippines and South Africa. Our BIOPRO Technology division distributor and customer base is expanding, due to increasing acceptance of our product line and we are looking forward to continuing our momentum in 2006.'
The information contained in this press release should be read in connection with the Company's Annual Report on Form 10-KSB for the year ended December 31, 2005. The Report from the Company's Independent Registered Public Accounting Firm that includes a qualification as to the Company's ability to continue as a going concern and other information necessary for an understanding of the Company, and its preliminary report on Schedule 14C filed on April 6, 2007.
Posted by rocked on :
I'd have to agree here, volume is low, she looks to be a runner, I see 120%...last time earnings came out it jumped 300%...I don't see it going that high, but I see it hitting atleast 120%
Posted by stocks1984 on :
good job jhawk!
Posted by Mysticobra96 on :
Since this is going to be tuff to get into in the morning. Keep your eyes pealed for SEVI. They have an earnings cc at 10am et and an interview w/the ceo to be released 4/20. Supposed to be good quarterly also.
Posted by JHAWK01 on :
I'VE PLAYED THIS ONE BEFORE AND CAME OUT WITH SOME NICE PROFIT LAST YEAR. LUCKILY I GOT IN THIS AFTERNOON DURING THE DIP AT .031. THE MORNING SHOULD PROVE TO BE FUN. I THINK ONCE THE NEWS SPREADS, IT SHOULD HIT 150%- 200%. WE'LL SEE...
Posted by binnocent on :
Not saying it will not run...but, Newbies be carefull. Very good chance the company will be dumping shares into this run. IMO
FEMO: To Increase Authorized Common Stock to 5 Billion Shares
According to a proxy filing with the SEC today, a majority of FemOne, Inc. (FEMO) shareholders have consented to an amendment to the Company’s Articles of Incorporation to increase the authorized common stock of the Company to 5,000,000,000 shares.
Posted by Zosyn on :
hi binnocentt, i can't seem to find any recent filings for for FEMO on the sec site, could you give a link?
I've got the CIT number as: 0001300078 and it comes up as FemOne, but don't see any recent filings?!?!?
Oh man, they're incorporated in Nevada. I have such bad luck with Nevada companies :-)
Posted by BULListic on :
Actually the financials were released on Monday and stock immediately tanked from a close around .05 down below .03 before stabilizing late in the day. The stock sold off on the good news, and given the high volume, I think Bin's assessment that the company may have dumped shares at the open is highly likely. But the news contained in Wednesday morning's PR is the same news that caused the price to go down 40% Tuesday morning.
Posted by Monkeyman on :
Still is a super buy around 0.04 in comparison to the chart.
Posted by Monkeyman on :
What are your thoughts on this one? Great PR the other day.