Last $0.02 USD
Change Today -0.002 / -9.09%
Volume 17.0K
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As of 10:31 AM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).

ram power corp (RAMPF) Key Developments

Ram Power, Corp. Reports Earnings Results for the First Quarter Ended March 31, 2014

Ram Power, Corp. reported earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported total revenue of $10,723,304 against $11,898,730 a year ago. Operating income was $1,079,132 against $1,724,147 a year ago. Total loss and comprehensive loss was $1,310,472 against $7,928,341 a year ago. Total loss and comprehensive loss per share was $0.00 against $0.03 a year ago. EBITDA was $7.5 million compared to $7.9 million for the same period in 2013. The $0.4 decrease in EBITDA principally resulted from a decrease in revenue of $1.2 million and increases in direct costs of $0.5 million, offset by cost savings in general and administrative expenses of $1.3 million. Net operating cash inflows were $3.4 million. The 10% decrease in revenue resulted from wells offline for the drilling remediation program in 2014.

Ram Power, Corp., Q1 2014 Earnings Call, May 28, 2014

Ram Power, Corp., Q1 2014 Earnings Call, May 28, 2014

Ram Power, Corp., Annual General Meeting, Jun 17, 2014

Ram Power, Corp., Annual General Meeting, Jun 17, 2014., at 10:00 Pacific Daylight. Location: Park Place Boardroom, Suite B20, Floor B-1, Park Place.

Ram Power to Sign a 25-Year Operation Contract

Ram Power, looks to sign a 25-year operation contract with Nicaraguan authorities this quarter for geothermal project Casita. The project is in northwest Chinandega department, and the country's power generation plan envisions up to 140MW from Casita. Temperature readings have exceeded 230 degrees Celsius.

Ram Power, Corp. Reports Earnings Results for the Year Ended December 31, 2013

Ram Power, Corp. reported earnings results for the year ended December 31, 2013. For the year, the company reported total revenue of $46,210,054 compared $28,061,520 for the same period a year ago. Operating income was $6,031,455 compared to operating loss of $2,845,619 for the same period a year ago. Total loss and comprehensive loss was $50,935,278 or $0.17 per share compared to $60,181,461 or $0.21 per share for the same period a year ago. The 65% increase in revenue resulted from commencing operations of the San Jacinto Phase II expansion in January 2013. EBITDA increased to $30.5 million for the year ended December 31, 2013 compared to $9.7 million for the prior year. The $20.8 million increase in EBITDA for the year ended December 31, 2013 principally resulted from an $18.1 million increase in revenue and a $4.5 million decrease in general and administrative expenses and other operating costs, offset by increases in direct costs of plant operations of $1.8 million. For the year ended December 31, 2013, the Company had net operating cash inflows of $8.4 million, net investing cash outflows of $20.4 million and net financing cash outflows of $16.8 million, which combined for a net decrease in cash of $28.8 million. The Company expended $24.8 million for additions to geothermal properties, including $8 million related to completion of Phase II of the San Jacinto expansion and $19.2 million related to San Jacinto drilling costs. At December 31, 2013, the Company had cash of $22.5 million, of which $19.9 million was held for current use in the San Jacinto project.

 

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RAMPF Competitors

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Company Last Change
Alterra Power Corp C$0.33 CAD +0.005
Boralex Inc C$13.60 CAD -0.04
Etrion Corp C$0.53 CAD +0.01
Maxim Power Corp C$3.15 CAD -0.04
US Geothermal Inc $0.71 USD +0.036
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