Last $1.20 USD
Change Today 0.00 / 0.00%
Volume 0.0
As of 8:10 PM 09/17/14 All times are local (Market data is delayed by at least 15 minutes).

sci engineered materials inc (SCIA) Key Developments

SCI Engineered Materials, Inc. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

SCI Engineered Materials, Inc. reported unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenue of $3,098,376 against $1,792,775 a year ago. Income from operations was $68,668 against loss of $38,631 a year ago. Income before provision for income taxes was $51,571 against loss of $57,602 a year ago. Income applicable to common shares was $44,496 or $0.01 per diluted share against loss of $63,602 or $0.02 per diluted share a year ago. For the six months, the company reported revenue of $5,690,876 against $3,226,377 a year ago. Income from operations was $113,004 against loss of $329,686 a year ago. Income before provision for income taxes was $79,425 against loss of $319,120 a year ago. Income applicable to common shares was $65,730 or $0.02 per diluted share against loss of $331,196 or $0.09 per diluted share a year ago. Cash provided by operating activities was $511,792 against cash used in operating activities of $37,311 a year ago.

SCI Engineered Materials, Inc. Appoints Emily Lu to the Board

On July 25, 2014 the Board of Directors of SCI Engineered Materials, Inc. appointed Emily Lu to the Board. The Board increased its size from four to five members and appointed Ms. Lu to fill the vacancy. Ms. Lu is currently the Managing Partner of Gateway Resources Partners, Florida, an entity formed to explore business opportunities in oil & gas field service. Ms. Lu has considerable senior management experience, including serving as Chief Strategy Officer for Solar Power Industries, a vertically integrated manufacturer for photovoltaic solar components with experience in domestic and international markets. The experience of Ms. Lu in international markets and development of new products and business opportunities is experience that the Board considers valuable. Ms. Lu will serve as a director and stand for re-election at the 2015 annual meeting of shareholders. Ms. Lu was also appointed to the board's audit committee.

SCI Engineered Materials, Inc. Appoints GBQ Partners, LLC as Auditor

The Audit Committee of the Board of Directors of SCI Engineered Materials, Inc. approved the engagement of GBQ Partners LLC as the company's independent registered public accounting firm for the year ending December 31, 2014. The Audit Committee also informed Crowe Horwath LLP that it was dismissed as the company's independent registered public accounting firm effective May 7, 2014.

SCI Engineered Materials, Inc. Reports Un-Audited Earnings Results for the First Quarter Ended March 31, 2014

SCI Engineered Materials, Inc. reported un-audited earnings results for the first quarter ended March 31, 2014. For the quarter, the company’s total revenue increased approximately 81% to $2,592,500 from $1,433,602, for the same period in 2013. Adjusted EBITDA, which excludes non-cash stock based compensation, was $223,828 versus negative adjusted EBITDA of $54,518 for the same period of the prior year. The company reported income from operations of $44,336 compared to loss from operations of $291,055, income before provision for income taxes of $27,854 compared to loss before provision for income taxes of $261,518, income applicable to common shares of $21,234 or $0.01 per diluted share compared to loss applicable to common shares of $267,594 or $0.07 per diluted share and cash flow provided by operating activities of $362,335 compared to cash flow used in operating activities of $106,169 for the last year.

SCI Engineered Materials, Inc., Annual General Meeting, Jul 10, 2014

SCI Engineered Materials, Inc., Annual General Meeting, Jul 10, 2014., at 09:30 US Eastern Standard Time. Location: 2839 Charter Street. Agenda: To elect four directors of the company, each to serve for terms expiring at the next annual meeting of shareholders; to consider and approve the election of Robert H. Peitz, Daniel Rooney, Laura F. Shunk and Edward W. Ungar as directors; and to transact any other business which may properly come before the meeting or any adjournment thereof.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
SCIA:US $1.20 USD 0.00

SCIA Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Materion Corp $32.21 USD -1.45
Tosoh Corp ¥431.00 JPY +8.00
View Industry Companies
 

Industry Analysis

SCIA

Industry Average

Valuation SCIA Industry Range
Price/Earnings 54.3x
Price/Sales 0.4x
Price/Book 1.9x
Price/Cash Flow 42.4x
TEV/Sales 0.2x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact SCI ENGINEERED MATERIALS INC, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.