Is 8 million in net profit for 2019 enough reward
Post# of 199
(Total Views: 970)
Posted On: 10/03/2019 1:51:56 PM
Re: Magnum7419 #194
Is 8 million in net profit for 2019 enough reward for the risk of .0004 a share ?
Call or email the CEO at 972-663-9483 or 980 348 8825 or email efc@ngen-tech.com he can explain this issue.
4.7 million net for only 6 months 2019
Six Months Ended June 30, Three Months Ended June 30,
Years ended December 31 2019 2018 2019 2018
Net sales $ 92,692,830 $ 9,624,790 $ 17,776,253 $ 5,298,386
Cost of sales 86,445,546 7,507,336 15,666,455 4,132,741
Gross profit 6,247,284 2,117,454 2,109,798 1,165,645
Operating expenses:
Sales and marketing 62,120 - - 4,963
Research and development 231,366 315,468 114,845 13,782
General and administrative 1,199,137 719,018 547,189 (6,891 )
Total operating expense 1,492,623 1,034,486 662,034 11,854
Income from operations 4,754,661 1,082,968 1,447,764 1,153,791
Other income (expense):
Interest income 10,198 6,311 5,062 6,311
Interest expense 28,320 17,525 14,057 17,525
Miscellaneous income (expense), net (14,160 ) (8,762 ) (7,029 ) (8,762 )
Total other income (expense), net 24,358 15,074 12,090 15,074
Income before loss from equity investment and income tax provision 4,779,019 1,098,042 1,459,854 1,168,865
Income (loss) from equity investment 10,980 (99,781 ) 83,375 (99,781 )
Net income before provision for income taxes 4,789,999 998,261 1,543,229 1,069,084
Provision for income taxes 63,588 10,069 31,564 7,918
Net income $ 4,726,411 $ 988,192 $ 1,511,665 $ 1,061,166
Comprehensive income statement:
Net income (loss) $ 4,726,411 $ 988,192 $ 1,511,665 $ 1,061,166
Foreign currency translation income (loss) 49,783 (105,863 ) (8,652 ) 96,743
Total comprehensive income (loss) $ 4,776,194
https://www.sec.gov/Archives/edgar/data/15031...ex99-2.htm
Call or email the CEO at 972-663-9483 or 980 348 8825 or email efc@ngen-tech.com he can explain this issue.
4.7 million net for only 6 months 2019
Six Months Ended June 30, Three Months Ended June 30,
Years ended December 31 2019 2018 2019 2018
Net sales $ 92,692,830 $ 9,624,790 $ 17,776,253 $ 5,298,386
Cost of sales 86,445,546 7,507,336 15,666,455 4,132,741
Gross profit 6,247,284 2,117,454 2,109,798 1,165,645
Operating expenses:
Sales and marketing 62,120 - - 4,963
Research and development 231,366 315,468 114,845 13,782
General and administrative 1,199,137 719,018 547,189 (6,891 )
Total operating expense 1,492,623 1,034,486 662,034 11,854
Income from operations 4,754,661 1,082,968 1,447,764 1,153,791
Other income (expense):
Interest income 10,198 6,311 5,062 6,311
Interest expense 28,320 17,525 14,057 17,525
Miscellaneous income (expense), net (14,160 ) (8,762 ) (7,029 ) (8,762 )
Total other income (expense), net 24,358 15,074 12,090 15,074
Income before loss from equity investment and income tax provision 4,779,019 1,098,042 1,459,854 1,168,865
Income (loss) from equity investment 10,980 (99,781 ) 83,375 (99,781 )
Net income before provision for income taxes 4,789,999 998,261 1,543,229 1,069,084
Provision for income taxes 63,588 10,069 31,564 7,918
Net income $ 4,726,411 $ 988,192 $ 1,511,665 $ 1,061,166
Comprehensive income statement:
Net income (loss) $ 4,726,411 $ 988,192 $ 1,511,665 $ 1,061,166
Foreign currency translation income (loss) 49,783 (105,863 ) (8,652 ) 96,743
Total comprehensive income (loss) $ 4,776,194
https://www.sec.gov/Archives/edgar/data/15031...ex99-2.htm
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