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STEN Corporation Reports 2008 Third-Quarter Revenue of $5 Million and Improved Results From Operations
Date:8/13/2008

weeks ended weeks ended weeks ended weeks ended

June 29, 2008 July 1, 2007 June 29, 2008 July 1, 2007

REVENUES

Stencor sales $556,411 $304,454 $1,513,766 $951,902

Vehicle sales,

interest,

and other 4,479,502 752,150 9,305,595 1,153,356

TOTAL REVENUES 5,035,913 1,056,604 10,819,361 2,105,258

COST AND EXPENSES

Costs of goods

sold related

to Stencor 533,637 394,255 1,457,496 1,147,863

Expenses related

to STEN Financial

Cost of

autos sold 2,575,875 219,235 5,776,600 281,535

Salaries and

benefits 324,683 231,370 942,356 405,208

Occupancy and

operation

expenses 207,232 87,784 513,391 137,148

Depreciation

and amortization 61,993 60,940 187,140 137,884

Provision for

credit losses 692,085 88,319 1,484,331 95,305

Interest

expense, net 761,567 193,196 2,006,140 318,291

Selling, general

and administrative 305,250 240,764 866,455 695,861

TOTAL COST

AND EXPENSES 5,462,322 1,515,863 13,233,909 3,219,095

Loss from

Continuing

Operations

Before

Income Taxes (426,409) (459,259) (2,414,548) (1,113,837)

BENEFIT FROM

INCOME TAXES (159,900) (176,705) (902,598) (412,100)

NET LOSS FROM

CONTINUING

OPERATIONS (266,509) (282,554) (1,511,950) (701,737)

Income (loss)

from

Discontinued

Operations (40,802) 56,669 (134,484) (274,017)


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SOURCE STEN Corporation
Copyright©2008 PR Newswire.
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