Post by
skyline7 on Apr 25, 2013 4:17pm
Just in...
The highlights from these statements are as follows
* Rental revenues increased 18% to $5,425,266 for the year ended December 31, 2012
* Full year field service expenses were flat at $3,038,525 for the year
* Fourth quarter 2012 field service expenses decreased 45% to $640,306 compared to Q4, 2011. This reduction is due to the replacement of rental equipment in the field with equipment developed and owned by the Corporation and due to cost management processes implemented by the Corporation
* Gross margins for 2012 were 44.0% as compared to 34.3% for 2011
* Gross margins for Q4 2012 was 52.8% as compared to 17.1% for Q4 2011
The Corporation is focused on continually improving its product suite which it believes will enable it to gain significantly more market share over the remainder of 2013 and into 2014.