ThermoView Industries, Inc. Reports Fourth Quarter 2004 Financial Results
07 4월 2005 - 12:38AM
PR Newswire (US)
ThermoView Industries, Inc. Reports Fourth Quarter 2004 Financial
Results LOUISVILLE, Ky., April 6 /PRNewswire-FirstCall/ --
ThermoView Industries, Inc. (AMEX:THV), which designs, manufactures
and markets home improvements under the brand name "THV: America's
Home Improvement Company," today reported financial results for the
fourth quarter ending December 31, 2004. Revenues for the fourth
quarter in 2004 were approximately $16.7 million, compared to
revenues in the same quarter of the previous year of $16.5 million,
an increase of approximately $240,000 or 1.46%. Gross profit for
the quarter grew to $8.01 million in 2004 from $7.60 million in the
same period in 2003, an increase of approximately $455,000 or 6%.
The company also reported net income attributable to common
stockholders of approximately $184,000 for the fourth quarter of
2004, compared to a net loss attributable to common stockholders of
approximately $1.18 million for the same period in 2003. Revenues
for the twelve months ended December 31, 2004 were approximately
$68.9 million, compared to revenues of approximately $70.1 million
for the same period in 2003, a decrease of 1.7%. Gross profit for
the twelve months ended December 31, 2004 fell to $33.3 million
from $33.7 million for the twelve months ended December 31, 2003, a
decrease of approximately $427,000 or 1.3%. For the entire year,
the company reported a net loss attributable to common stockholders
of approximately $10.3 million in 2004, compared to a net loss
attributable to common stockholders of approximately $1.8 million
in 2003. "In 2004, we would have reported a net loss of
approximately $280,000, but for the $10 million non-cash charge for
impairment to goodwill taken in the third quarter of the year. This
compares favorably to our net loss of $1.8 million in 2003. The
company continues on the right track of improving cost structures,
and I am pleased by the growth in revenues in the fourth quarter,"
said Charles L. Smith, CEO and President of ThermoView. Smith
continued, "Looking forward to 2005, I am hopeful that our
cost-cutting and efficiencies will coalesce with an improving
revenue stream to produce a rewarding year for our company and its
stockholders." Additionally, Smith reported that he remains
confident about ThermoView's new model THV stores. "Now that we
have over eight months' operating results for the THV model store,
we can see real promise in the business prototype and will allocate
even greater resources into developing this model into the future
of ThermoView. Last quarter I indicated our plan to open more model
stores in 2005, and I anticipate announcing new THV Store openings
in the very near future. I will have more information on these
stores in our April 11 conference call with investors."
ThermoView's April 11 conference call and webcast ThermoView will
hold a webcast at 2:00 p.m. EDT on April 11, 2005 to allow
securities analysts and shareholders the opportunity to hear
management discuss the company's quarterly results and update
progress on current operational and administrative initiatives.
Live audio of the conference call can be accessed from
http://www.thv.com/ , or http://www.vcall.com/CEPage.asp?ID=91354 .
First time listeners should visit http://www.vcall.com/ in advance
to download and install any necessary audio software. About
ThermoView Industries, Inc. ThermoView is a national company that
designs, manufactures, markets and installs high-quality
replacement windows and doors as part of a full-service array of
home improvements for residential homeowners. ThermoView's common
stock is listed on the American Stock Exchange under the ticker
symbol "THV." Additional information on ThermoView Industries is
available at http://www.thv.com/ . Safe harbor statement Statements
in this news release that are not descriptions of historical facts
are forward-looking statements that are subject to risks and
uncertainties. Words such as "expect," "intends," "believes,"
"plans," "anticipates" and "likely" also identify forward-looking
statements. All forward-looking statements are based on current
facts and analyses. Actual results may differ materially from those
currently anticipated due to a number of factors including, but not
limited to our history of operating losses, anticipated future
losses, competition, future capital needs, the need for market
acceptance, dependence upon third parties, disruption of vital
infrastructure, general economic downturn and intellectual property
rights. All forward-looking statements are made pursuant to the
Securities Litigation Reform Act of 1995. Additional information on
factors that may affect the business and financial results of the
Company can be found in filings of the Company with the Securities
and Exchange Commission. Contacts: David A. Anderson, Chief
Financial Officer, ThermoView Industries, Inc., 502-968-2020.
ThermoView Industries, Inc. Selected Quarterly Data (Unaudited)
Quarterly data for 2003 was as follows: First(1) Second Third
Fourth Revenues $16,193,013 $18,112,855 $19,307,308 $16,466,635
Gross profit 7,736,792 8,868,778 9,583,655 7,559,118 Net income
(loss) (1,526,703) 240,326 292,264 (1,179,130) Net income (loss)
attributable to common stockholders (1,758,200) 795,329 292,264
(1,179,130) Basic income (loss) per common share (0.19) .09 .03
(.13) Diluted income (loss) per common share (0.19) .08 .03 (.13)
Quarterly data for 2004 was as follows: First(1) Second Third(2)
Fourth Revenues $14,839,140 $19,110,764 $18,204,373 $16,706,836
Gross profit 6,972,041 9,360,741 8,974,525 8,014,088 Impairment of
goodwill - - (10,000,000) - Net income (loss) (1,503,939) 619,194
(9,580,416) 184,470 Net income (loss) attributable to common
stockholders (1,503,939) 619,194 (9,580,416) 184,470 Basic income
(loss) per common share (0.16) .07 (1.04) .02 Diluted income (loss)
per common share (0.16) .07 (1.04) .02 (1) The Company's business
is seasonal, with the lowest sales and profitability experienced in
the first quarter due to winter weather. (2) The company recorded
an impairment of goodwill in connection with its annual valuation
of goodwill. DATASOURCE: ThermoView Industries, Inc. CONTACT: David
A. Anderson, Chief Financial Officer of ThermoView Industries,
Inc., +1-502-968-2020 Web site: http://www.thv.com/
Copyright
Thermoview (AMEX:THV)
과거 데이터 주식 차트
부터 8월(8) 2024 으로 9월(9) 2024
Thermoview (AMEX:THV)
과거 데이터 주식 차트
부터 9월(9) 2023 으로 9월(9) 2024