Electronic Systems Technology Announces 3rd Quarter 2013 Financial Information
01 Novembro 2013 - 9:00AM
Electronic Systems Technology Inc. (EST)
(OTCQB:ELST), dba ESTeem Wireless Modems, the manufacturer of the
ESTeem product line of wireless modems, today announced sales and
results of operations for the three and nine month periods ended
September 30, 2013.
EST reported sales for the third quarter 2013, of $574,507,
compared to sales of $551,205 for the same quarter in 2012. For the
third quarter of 2013 the Company recorded Net Income of $51,956,
or $0.01 per share, compared to Net Income of $36,715, or $0.01,
for the third quarter of 2012. EST recorded Net Income of $54 or
$0.00 per share on sales of $1,481,517 for the nine month period
ended September 30, 2013, compared with a Net Loss of $(41,800) or
$(0.01) per share on sales of $1,460,944 for the same period in
2012.
Selected Statement of
Operations Information |
(Unaudited) |
|
Three Months
Ended |
Nine Months
Ended |
|
Sept. 30 |
Sept. 30 |
Sept. 30 |
Sept. 30 |
|
2013 |
2012 |
2013 |
2012 |
|
|
|
|
|
Sales |
$574,507 |
$551,205 |
$1,481,517 |
$1,460,944 |
Net income (loss) before tax |
61,195 |
58,805 |
(14,846) |
(57,409) |
Net Income (loss) |
51,956 |
36,715 |
54 |
(41,800) |
Weighted average common |
|
|
|
|
Shares outstanding |
5,158,667 |
5,158,667 |
5,158,667 |
5,158,667 |
Basic and Diluted Earnings (Loss) per
Share |
$0.01 |
$0.01 |
$0.00 |
$(0.01) |
|
Selected Balance Sheet
Information |
(Unaudited) |
|
September 30, |
December 31, |
|
2013 |
2012 |
Cash and cash equivalents |
$548,372 |
$818,497 |
Total current assets |
2,923,683 |
2,923,777 |
Property & equipment (net) |
33,817 |
42,272 |
Total assets |
2,998,975 |
2,993,724 |
Total current liabilities |
50,286 |
45,701 |
Long-term debt |
-0- |
-0- |
Stockholders' equity |
2,943,589 |
2,941,823 |
CONTACT: Michael Eller
Electronic Systems Technology, Inc.
eller@esteem.com
Electronic Systems Techn... (PK) (USOTC:ELST)
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