aber ich denke es geht aufwärts, besonders wenn man nur das letzte Quartal betrachtet, das Glas ist halbvoll.
Aus dem Quarterly Report von gestern (nachbörslich):
http://biz.yahoo.com/e/071114/gshf.ob10qsb.html
RESULTS OF OPERATIONS
THREE MONTHS ENDED SEPTEMBER 30, 2007 VERSUS THE THREE MONTHS ENDED SEPTEMBER 30, 2006
Revenues
Total revenues for the three months ended September 30, 2007 were $14,518,709, representing an increase of $8,566,699, or 144%, over the three months ended September 30, 2006 revenues of $5,952,010.
Cost of Revenues
Cost of revenues for the three months ended SFeptember 30, 2007 were $8,886,055, or 61.2% of revenue compared to $4,311,149, or 72.4% of revenue for the same period in 2006.
Operating Expenses
Operating expenses for the three months ended September 30, 2007 were $2,879,085, or 19.83% of revenue compared to $2,652,446, or 44.6% of revenue for the same period in 2006. Included in the three months ended September 30, 2007 was $42,122 in stock based compensation as compared to $601,576 for the three months ended September 30, 2006. The increase in operating expenses is due primarily to increases in personnel and other overhead related to the Company's process engineering, feedstock production, oilseed crush and equipment manufacturing subsidiaries.
Interest Expense
Interest expense for the three months ended September 30, 2007 was $1,514,459, representing an increase of $1,428,447 from $86,012 for the same period in 2006.
Expenses Associated with Derivative Instruments
Gain from the change in the fair market value of derivative liabilities was $2,660,160 for the three months ended September 30, 2007 compared with $7,996,848 for the three months ended September 30, 2007. Amortization of deferred financing costs and debt discounts was $1,163,517and $7,159,068, respectively.
Net Income or Loss
Net income from continuing operations for the three months ended September 30, 2007, was $1,046,968 as compared to a loss from continuing operations of $967,413 from the same period in 2006. The Company sold its interest in Seaway Valley Capital Corporation during the three months ended September 30, 2007 resulting in a gain on disposal of discontinued operations of $9,765,281. This resulted in a net gain from discontinued operations of $9,762,212 for three months ended September 30, 2007 and loss of $30,708 for the same period in 2006 were excluded from the above figures. Net income of $10,719,674 for the three months ended September 30, 2007 was due primarily to increased revenues from new business initiatives, a reduction in amortization charges associated with financing and issuance of stock based compensation as well as a reduction in selling, general and administrative expenses.
NINE MONTHS ENDED SEPTEMBER 30, 2007 VERSUS THE NINE MONTHS ENDED SEPTEMBER 30, 2006
Revenues
Total revenues for the nine months ended September 30, 2007 were $25,121,218, representing an increase of $7,860,569, or 45.5%, over the nine months ended September 30, 2006 revenues of $17,260,649. Gain from discontinued operations of $2,814,954 and a loss of $41,072 for the nine months ended September 30, 2007 and September 30, 2006, respectively, were excluded from these figures.
Cost of Revenues
Cost of revenues for the nine months ended September 30, 2007 were $17,278,888, or 68.8% of revenue compared to $12,297,390, or 71.2% of revenue for the same period in 2006.
Operating Expenses
Operating expenses for the nine months ended September 30, 2007 were $15,982,908 or 63.62% of revenue compared to $10,154,939, or 58.8% of revenue for the same period in 2006. Included in the nine months ended September 30, 2007 was $6,092,516 in stock based compensation as compared to $3,186,275 for the nine months ended September 30, 2006. The increase in operating expenses is due primarily to increases in personnel and other overhead related to the Company's process engineering, feedstock production, oilseed crush and equipment manufacturing subsidiaires.
Interest Expense
Interest expense for the nine months ended September 30, 2007 was $4,909,953, representing an increase of $3,648,662 from $1,261,291 for the same period in 2006.
Expenses Associated with Derivative Instruments
Gain from the change in the fair market value of derivative liabilities was $4,074,780 for the nine months ended September 30, 2007 compared with $5,036,655 for the nine months ended September 30, 2007. Amortization of deferred financing costs and debt discounts was $4,752,248 and $7,209,779, respectively.
Net Income or Loss
Net loss from continuing operations for the nine months ended September 30, 2007, was $15,078,902 as compared to a loss from continuing operations of $9,467,308 from the same period in 2006. The Company sold its interest in Seaway Valley Capital Corporation during the nine months ended September 30, 2007 resulting in a gain on disposal of discontinued operations of $9,765,281 and a loss from discontinued operations of $9,455,273. This resulted in a net gain from discontinued operations of $2,814,954 for nine months ended September 30, 2007 and loss of $41,072 for the same period in 2006 which were excluded from the above figures. Net loss of $12,734,543 for the nine months ended September 30, 2007 as compared to $9,114,839 for the same period in 2006 was due primarily to increased operating expenses for new business initiatives, adjustments to the fair market value of the derivative liability instruments, interest and amortization charges associated with financing, and issuance of stock based compensation.
Despite the 45.5% increase in revenues, net loss from continuing operations during the nine months ended September 30, 2007 was $12,734,543, an increase from the $9,659,535 loss recorded in the same period of 2006. The two primary reasons for the magnitude of the nine month loss were expenses attributable to the transition from technology development to mature market execution and expenses attributable to past financing activities. |