posted
Bringing this post Back from the Dead--> Financials out Monday/Tuesday I believe, ready for big run IMO. I'm in @ .12 and believe this could double in a short period of time.
Posts: 249 | Registered: Aug 2005
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posted
i agree its about to turn upwards again...might wanna watch for it to move up slightly but i'd believe its soon.
-------------------- "keep your stick on the ice & your cup firmly in place" Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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Markland Technologies Reports Un-Audited Fiscal Year Results; Company Posts Revenues of $66.7M for the Year Ended June 30, 2005 Business Wire - August 25, 2005 21:18
BOSTON, Aug 25, 2005 (BUSINESS WIRE) -- Markland Technologies, Inc. (OTC BB:MRKL.OB - News) a defense and homeland security company transforming advanced laboratory technology into real-world products, announced today its un-audited results for the company's fiscal year ending June 30, 2005.
Un-audited revenues for the year were $66,728,041 a significant increase over revenues for the corresponding period in 2004 of $6,013,930. Un-audited revenues for the fourth quarter were $20,703,255. This significant increase in year over year revenues is due almost entirely to the acquisition of EOIR Technologies Inc.
The un-audited operating loss for the year amounted to $17,023,208 compared to $10,150,866 for the prior year. This loss was affected by non-cash charges for the compensatory element of stock issuances and amortization of intangible assets and in process R & D resulting from our recent acquisitions. These non-cash charges amounted to $10,798,045. The un-audited net loss attributable to common shareholders after minority interests for the year ended June 30, 2005 was $29,049,471 or a loss of $0.38 per share compared to a loss of $15,095,461 or a loss of $1.39 per share in the corresponding period in 2004. This decrease in the loss per share is due to an increase in the weighted average number of shares outstanding to 75,721,755 from 10,872,049 for the period ending June 30, 2005. The non-cash charges included in the un-audited net loss attributable to common shareholders after minority interests for the year ended June 30, 2005 amounted to $22,077,214 compared with $10,962,184 for the corresponding period in 2004.
"The company finished the fiscal year in a very strong financial position with a funded backlog of over $54M and a cash balance of approximately $8M, " said Robert Tarini, Chairman and CEO of Markland Technologies Inc. " Our fiscal fourth quarter revenues were at a record high and we are achieving desired operational and product development synergies from our recent acquisition of Genex Technologies with those of EOIR Technologies. We have a skilled and dedicated work force with a significant base of proprietary cutting edge technology. We have a loyal and growing government customer base and we believe that we are well positioned to grow revenues in the present fiscal year. Given the current worldwide level of terrorist activity, and the challenges still facing our combat troops we are proud to be able to help develop the innovative solutions necessary to help solve these worldwide problems."
Investors are cautioned that these results are un-audited figures. Final audited figures will be made available in the company's 10K annual report when filed.
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If I'm not mistaken, this should bring the pps to around .77!
Posts: 38 | From: Washington, DC | Registered: Apr 2004
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