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halosource inc - di (HLOUF) Key Developments

HaloSource, Inc. Announces Earnings Results for the Six Months Ended June 30, 2014; Provides Earnings Guidance for the Full Year of 2014

HaloSource, Inc. announced earnings results for the six months ended June 30, 2014. For the period, the company announced total revenues increased 24% to $7.3 million compared to $5.9 million a year ago due to revenue growth across each segment of the business. The company significantly reduced its cash burn by 35% compared to the first half of 2013, and ended the period with $8.3 million in cash. Management remains confident that revenue and net earnings for the full year will be in line with market expectations.

HaloSource, Inc. to Report Q2, 2014 Sales/Trading Statement Results on Jul 29, 2014

HaloSource, Inc. announced that they will report Q2, 2014 sales/trading statement results on Jul 29, 2014

HaloSource, Inc. and Rain for Rent Alliance to Accelerate the Delivery of Enhanced Water Filtration Solutions

HaloSource, Inc. and Rain for Rent announced that they have signed a strategic partnership to provide customers with enhanced water filtration solutions. This alliance delivers customers a single source solution that cost effectively meets water discharge standards on their jobsites in an environmentally responsible way. The HaloKlear portfolio of eco-friendly polymer technologies addresses a wide variety of pollutants and contaminant types including total suspended solids, algae, hydrocarbons, heavy metals, oils and organic compounds. The strategic partnership is targeting a significant share of the USD 1.9 billion domestic market for flocculent chemicals, focused in construction, environmental, simple mining and industrial applications. Strategies to win more of that business include digital marketing targeting new and existing Rain for Rent customers, lead sharing and cobranding proposals and marketing materials.HaloSource estimates annual revenues of USD 500,000 will be achieved from this Alliance.

HaloSource, Inc. Announces Unaudited Consolidated Earnings Results for the Year Ended December 31, 2013

HaloSource, Inc. announced unaudited consolidated earnings results for the year ended December 31, 2013. For the year, the company announced revenue, net of $16,063,000 compared to $13,271,000 for the same period a year ago. Operating loss was $12,028,000 compared to $12,257,000 for the same period a year ago. Loss before income taxes was $12,420,000 compared to $12,363,000 for the same period a year ago. Net loss was $12,463,000 compared to $12,401,000 for the same period a year ago. Net loss per share, basic and diluted was $0.08 compared to $0.14 for the same period a year ago. Net cash used in operating activities was $12,367,000 compared to $11,168,000 for the same period a year ago. Purchase of property, plant and equipment was $1,365,000 compared to $991,000 for the same period a year ago. Group revenue for 2013 increased 21% year-on-year, driven by significant growth in the company's Recreational Water revenue to $11.4 million (up 30% from $8.7 million in 2012) and Drinking Water revenue to $3.2 million (up 50% from $2.1 million in 2012). The net loss for the year was essentially unchanged from 2012, which includes the impact of non-cash costs related to share based compensation of $0.6 million and $0.7 million in 2013 and 2012.

HaloSource, Inc. to Report Fiscal Year 2013 Final Results on Mar 25, 2014

HaloSource, Inc. announced that they will report fiscal year 2013 final results on Mar 25, 2014

 

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