Evercel, Inc. to Report Fiscal Year 2013 Results on Jan 10, 2014
Jan 6 14
Evercel, Inc. announced that they will report fiscal year 2013 results After-Market on Jan 10, 2014
Evercel, Inc. Announces Unaudited Consolidated Financial Results for the Nine Months Ended September 30, 2012
Nov 5 12
Evercel, Inc. announced unaudited consolidated financial results for the nine months ended September 30, 2012. Consolidated net sales were $5,747,300 compared to $5,335,500 last year. Operating loss for the period was $408,000 this year versus a loss of $74,500 last year primarily due to increased acquisition related expenses and decreased profitability at New England Crab Co. Net income before discontinued operations was $2,421,200 this year and $4,963,100 last year largely as the result of $3,077,900 and $5,130,100 gains respectively on the sale of Zipcar stock. Net income for the nine months ended September 30, 2012 including the loss of $136,500 from the discontinued operations of Stretch and Cover was $2,284,700. Stretch & Cover, Inc. was sold in August, 2012. During the nine months ended September 30, 2012, Evercel had Other Comprehensive Loss of $4,791,500 which represents a decrease in the market value of unsold shares of Zipcar, Inc. since December 31, 2011. Net income was $2,284,699 against $4,963,087 for the same period of last year.