Coastal Financial Corporation (CCB) Quote

News: $CCB Coastal Financial Corporation Announces First Quarter 2019 Results

Quarter One 2019 Highlights: Net income totaled $2.8 million for the quarter ended March 31, 2019, or $0.23 per diluted common share, up from $1.8 million, or $0.20 per diluted common share, for the quarter ended March 31, 2018.  Total loans receivable grew at an annualized ...

In case you are interested https://marketwirenews.com/news-releases/coastal-financial-corporation-announces-first-quarter-2019-results-8065376.html

I guess the market was expecting more.

Con-Space earns $191,354 in Q2

2005-02-14 08:35 ET - News Release


Mr. James Swanson reports

CON-SPACE SECOND QUARTER CONTINUES UPWARD

Con-Space Communications Ltd. has again set a new sales record with sales of $2,696,000 for its first-half of fiscal 2004 ended Dec. 31, 2004. The resulting year-to-date sales are up 36.9 per cent over the previous year.

"Our first-half of fiscal 2005 ended Dec. 31, 2004, closed at $2,696,221 or a 36.9-per-cent increase over the $1,970,002 for the same period last year," reported James Swanson, president of the company. "Giving the company a pretax profit of $308,818 or four cents per share, compared to a pretax profit of $66,799, or one cent one year ago, a 362-per-cent increase."

"The increase in sales has resulted due to our expanding private label and distributor network business. Despite the increase in the Canadian dollar, we continue to forge ahead."

The company's net profits after estimated income tax ended at $191,354 or two cents per share, compared with $66,799 or one cent per share for the first half of last year. This is a 186.5-per-cent increase in year-to-date net earnings.

Sales for the second quarter were $1,235,744, giving a 22.4-per-cent increase over the last year's second quarter sales of $1,009,853. Net earnings were $20,937 or nil per share for this year's second quarter compared with last year's net earnings of $55,726 or one cent per share. Operating expenses for the second quarter were $552,350 compared with last year's second quarter of $458,823, a 20.4-per-cent increase. This increase is a result of personnel and infrastructure increases.

Subsequent to Dec. 31, 2004, the company, through Acumen Capital Partners of Calgary, closed a private placement, raising an amount of $1-million for the issue of one million shares plus 500,000 share purchase warrants.

I have been in Con-Space for quite a number of years. In addition to the company itself, I like being able to get info From Jim Swanson, who has always responded to my emails.

Well I will definitely keep watching. No doubt this company has a bright future.

I am certain that next quarters results will provide the breakout. Keep your mouse over the buy key. ;)

The chart for Conspace is a classic. If one had bought on the breakout and volume at the beginning of December, one could have realized a 300% gain from 25 to 80 cents. By the time the news of Conspace's increased profits was made public at the end of April the stock had already started to decline though the news provided one last opportunity to sell over .80. I won't be buying this one unless I see a convincing breakout above the 50 day MA with volume on the chart.

Start the board out right:

Con-Space profits skyrocket 1066%
Wednesday April 30, 9:00 am ET


TSX Venture Exchange: Tier 1 Trading Symbol TSX-Ven: CCB
RICHMOND, BC, April 30 /CNW/ - James L. Swanson, Chairman, CON-SPACE Communications Ltd., (TSX-VEN: CCB) announced that once again the Company has set a new quarterly sales record with sales of $1,886,498 for its third quarter of fiscal 2003 ended March 31, 2003, giving a new yearly sales record and profits up a whopping 1,066.5% over the previous year.
"Our first three-quarters of fiscal 2003 has shown continued phenomenal growth closing with year-to-date sales of $3,805,793. That is a 76.2 percent increase over the $2,159,494 in sales for the same period last year," reported Swanson. "Our net profit has skyrocketed as a result, jumping to a record breaking $755,751, that is $0.09 per share. This compares to a net profit of $64,789, or $0.01 one year ago. We have seen a 1,066.5 percent increase in profits year-over-year and all indications continue to point upwards well into the future."

Sales for the third quarter were $1,886,498 giving a 167.0% increase over the $706,514 for the same quarter a year ago. Operating expenses for the third quarter were $394,478 compared to last year's second quarter of $312,173. For the first three-quarters of fiscal 2003 ended March 31, 2003 operating expenses closed at $1,090,629 up 17.8% from $926,250 one year earlier.

Resulting operational profits (before amortization, depreciation and taxes) were $478,877 or $0.05 per share for the third quarter and $815,700 or $0.09 per share for the first three-quarters of fiscal 2003 compared to last year's third quarter operating profit of $25,373 or $0.00 per share and the first three-quarters operating profit of $179,469 or $0.02 per share.

Net profit for the third quarter, ended March 31, 2003, closed at $458,886 or $0.05 per share giving a first three-quarters net profit of $755,751 or $0.09 per share. This compares to last year's third quarter net loss of $13,823 or $(0.00) per share and a first three-quarters net profit of $64,789 or $0.01 per share. The result is a 1,066.5% improvement in net profit this year over last.

"We are so very proud of our staff, factory reps, dealers and distributors in showing what belief and conviction can do. It is through their efforts that the company's progress has been achieved," concluded Swanson.

CON-SPACE has been continually showing increased sales and profits over the last two years. Its growth in popularity as the leader of specialized communication equipment has propelled it to being the company of choice not only for its own unique products but also for the products it builds for other major manufacturers. The Company's website is at www.con-space.com

"Forward-looking" statements in this release involve risks and uncertainties associated with, among others, economic, industry conditions, technological development, and competition and should not be relied upon as actual results may differ materially from those projected.