Navigation Links
STEN Corp. Reports 2008 Second-Quarter Revenue of $4.3 Million and Improved Results From Operations
Date:5/14/2008

MINNEAPOLIS, May 14 /PRNewswire-FirstCall/ -- STEN Corporation (Nasdaq: STEN), a Minneapolis-based diversified business, today reported results for its second fiscal quarter comprised of the thirteen week period ended March 30, 2008. The Company reported a net after-tax loss of $502,273 or $(.20) per diluted share for the second quarter period ended March 30, 2008. Revenues from continuing operations for the thirteen week period ended March 30, 2008 were $4,298,816, an increase of approximately 340 percent, or $3,343,120 from $955,696 for comparable period one year ago. The second quarter loss per share represented an improvement of $.15 per share from the first quarter of fiscal 2008. The Company's Stencor business accounted for $629,289, or 14.5%, of total revenue and the STEN Financial unit, including retail vehicle sales, contributed $3,669,527 in revenue for the period ended March 30, 2008. The Company reported a net loss of $1,303,857 or $(.61) per diluted share for the twenty-six weeks ended March 30, 2008. The loss in the second quarter of fiscal 2008 represented financial performance below the Company's previously disclosed plan. The short-fall from our plan resulted from a greater than anticipated number of loan defaults and repossessions from third-party dealer finance contracts and the impact of a delay in shipping certain product at Stencor. The Company has adjusted the approach to its business in the finance area to place a greater emphasis on financing sales from its own locations where it has a greater control of the underwriting process, and in addition it has reduced the level of purchases of finance contracts from third-party auto-dealers where credit performance has been below expectations.

Commenting on the second quarter results and the current outlook, Kenneth Brimmer, CEO, noted, "We are disappointed that we did not achieve our profitability goal in the second quarter and we see this mainly the result of reserves and write-offs
'/>"/>

SOURCE STEN Corporation
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3 4 5

Related medicine news :

1. Paramount Acquisition Corp. Announces Chem Rx Expansion into Albany, New York Market
2. MaxLife Fund Corp. purchases a portfolio of Life Settlement Policies with a face value of $4,000,000
3. Authentidate Holding Corp. to Report Fourth Quarter and Fiscal 2007 Year End Results on Thursday, September 13, 2007
4. Drug Detection Kits Manufactured By IDenta Corp. Shown During French Television Broadcast (at TF1) - Product Aids French Police In Bust of 600 Kilograms Of Cocaine
5. ComPsych(R) Corp. Announces Health at Work(SM) Award Winners: Sprint, Erie Insurance, City of Naperville and Green Hills Public Library
6. New Health Corp. Announces the Addition of Hannaford Bros., Kash N Karry and Sweet Bay Supermarkets to its Retail Outlets
7. MAKO Surgical Corp. Names Frederic H. Moll, M.D. to Board of Directors
8. MaxLife Fund Corp. appoints Daniel E. Kahan, to its Advisory Board
9. Former State Representative Terry Parke Joins Secure Services Corp.
10. InstaCare Corp. Reviewing M&A Plans
11. Paramount Acquisition Corp. Announces Record Date of October 1, 2007 for Proposed Acquisition of Chem Rx
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:7/24/2014)... all prenatal ultrasounds uncover antenatal hydronephrosis, or enlarged ... the United States. Many children with this abnormality ... first few years of life with the hopes ... Until recently, however, little evidence existed as to ... cost and inconvenience for families. But a study ...
(Date:7/24/2014)... The North American air and missile defense radar ... is expected to register a CAGR of 8.22% to reach ... market for the air and missile defense radar system. However, ... budget cuts as well. , Browse through the TOC of ... to get an idea of the in-depth analysis provided. This ...
(Date:7/24/2014)... Aristotle said, "Love is composed of a single soul ... you and your partner were made in heaven for ... study. , Psychologists observe that people talk and ... such diversity are some common themes that frame how ... considers love as perfect unity ("made for each other," ...
(Date:7/24/2014)... Washington, DC (PRWEB) July 24, 2014 ... pleased to announce the launch of a new version ... Interview Scheduling Manager, or PRISM, for applicants participating in ... PRISM permits applicants to track and organize program information ... summaries in advance of creating their rank order lists. ...
(Date:7/24/2014)... DC (PRWEB) July 24, 2014 ... problem of prescription non-adherence at Cardinal Health RBC ... 26th. Utilizing familiar and user-friendly Mobile devices, RxNetwork ... and payers. , Already embraced by over ... motivating patients and caregivers through timely alerts and ...
Breaking Medicine News(10 mins):Health News:Continuous antibiotics not necessary for many children with common prenatal abnormality 2Health News:Continuous antibiotics not necessary for many children with common prenatal abnormality 3Health News:North America Air and Missile Defense Radar Market is Expected to Reach $2.7 Billion in 2020 - New Report by MicroMarket Monitor 2Health News:North America Air and Missile Defense Radar Market is Expected to Reach $2.7 Billion in 2020 - New Report by MicroMarket Monitor 3Health News:North America Air and Missile Defense Radar Market is Expected to Reach $2.7 Billion in 2020 - New Report by MicroMarket Monitor 4Health News:New research: When it hurts to think we were made for each other 2Health News:National Resident Matching Program® (NRMP®) Releases New, Enhanced Version of its Smartphone App 2Health News:National Resident Matching Program® (NRMP®) Releases New, Enhanced Version of its Smartphone App 3Health News:RxNetwork Brings the Next Generation Customer Care Connectivity to Pharmacies, Providers, and Patients 2
... adults are being diagnosed with type 2 diabetes and now ... greater risk for a heart attack and stroke. //Specifically, the ... 14-times more likely to suffer a heart attack and 30-times ... diabetes. ,"This means that huge numbers of people are ...
... cancer patients who receive radiation therapy after undergoing ... likely to develop complications.// However, a new study ... ,Researchers from the Fox Chase Cancer Center studied ... mastectomy, breast reconstruction, and postoperative radiation between 1987 ...
... Doctors may have a new tool to help acne patients. ... for acne sufferers. //This is important because this skin disease ... and sometimes even suicide. ,Doctors from London recruited 41 ... patients received one treatment of the pulsed-dye laser. The other ...
... have far more to be concerned about than only their ... kidney disease are in the highest risk group for heart ... also applies to people who are in the very early ... in end-stage renal disease have a greater risk of heart ...
... will put almost anything in their mouths. But as ... they eat,// particularly if they have not tried it ... troublesome.But scientists say thousands of years ago toxins in ... high risk of food poisoning.,So it makes sense that ...
... help ward off obesity as children get older.// ... long-term data available on breastfeeding and weight of ... aimed at clarifying the situation. In both, investigators ... to see how breastfeeding impacts weight. Detailed breastfeeding ...
Cached Medicine News:
(Date:7/24/2014)... DALLAS , July 24, 2014 /PRNewswire-iReach/ -- ... days once order is placed. Photo ... is a professional and in-depth market survey on ... firstly reviews the basic information of Hemodialysis Machine ... report then explores global and China,s top manufacturers ...
(Date:7/24/2014)... Cancer patients in the west of ... closer to home when a new radiotherapy center opens near ... (NYSE: VAR ) has been selected to equip ... for four TrueBeam™ medical linear accelerators. Two ... radiotherapy and radiosurgery treatments, will replace older treatment machines at ...
(Date:7/24/2014)...  Blueprint Medicines (Blueprint), a leader in discovering highly ... announced the appointment of Jeffrey Albers as ... Algeta ASA, where he served on the executive management ... Bayer. Mr. Albers succeeds Alexis Borisy , co-founder ... Rock Ventures, who will remain an active member of ...
Breaking Medicine Technology:Hemodialysis Machine Industry for Global and Chinese Markets Forecast to 2019 2Hemodialysis Machine Industry for Global and Chinese Markets Forecast to 2019 3Hemodialysis Machine Industry for Global and Chinese Markets Forecast to 2019 4Hemodialysis Machine Industry for Global and Chinese Markets Forecast to 2019 5Varian Medical Systems Selected to Equip First Satellite Radiotherapy Center in Scotland 2Varian Medical Systems Selected to Equip First Satellite Radiotherapy Center in Scotland 3Blueprint Medicines Appoints Jeffrey Albers as Chief Executive Officer 2
... ATLANTA, May 30, 2012 Advanced automation, sophisticated eScribe ... portal are among the new innovations showcased in Elekta,s ... of Clinical Oncology (ASCO) Annual Meeting, June 1-4, at ... for the sixth consecutive year, Elekta (booth #4019) ...
... 30, 2012  Actavis Group, an international generic pharmaceuticals ... approval of Nifedipine Extended-Release Tablets, USP, 90mg, a ... the product has commenced.  Nifedipine ... $23 million for the 12 months ending December ...
Cached Medicine Technology:Elekta to Demonstrate Latest MOSAIQ OIS Innovations for Oncology Practices at 2012 ASCO Annual Meeting 2Elekta to Demonstrate Latest MOSAIQ OIS Innovations for Oncology Practices at 2012 ASCO Annual Meeting 3Actavis Launches Generic Equivalent of Adalat® CC 90mg (Nifedipine Extended-Release Tablets, USP) 2
... heavy duty, controlled stretch knee support that ... allowing full range of motion. The ... the knee, and help to keep the ... This is an excellent support for ...
... breathable foam. Three piece design for precise ... loop closures. Lightweight rigid posterior stays with ... with optional hot and cold therapy Gel ... pain cycle by providing cold therapy to ...
... Scoring: , One of the outstanding features ... our patented Three-Dimensional Molding Technology. , This ... brace which effectively controls the bunching and ... comfort to the wearer. , ...
... new padding system from Innovation Sports. Exceptionally ... contours to the unique anatomy of each ... Gel Fit's proprietary Octogrip™ Anti-Slip System improves ... when the brace is strapped on. Gel ...
Medicine Products: