Epolin, Inc. (EPLN) gains on Q1 numbers
Posted on: July 14th, 2011Written by:
Epolin, Inc. (OTCBB: EPLN) shares surged 27.3% Thursday to 28 cents, after announcing fiscal first-quarter results. Volume for the stock totaled 18,500 shares, towering over a daily average of 7,500.
For the three months ended May 31, 2011, sales were $991,000 as compared to $811,000 for the three months ended May 31, 2010, an increase of $180,000 or 22.2%.
Gross profit, defined as sales less cost of sales, was $570,000 or 57.6% of sales for the quarter compared to $413,000 or 50.9% of sales for the similar period of fiscal 2010, an increase of 6.7%.
Net income after taxes was $179,000 or $0.01 per share for the three months as compared to $31,000 or $0.00 per share for the prior-year quarter.
Epolin management was not available for comment.
Based in Newark, New Jersey, Epolin is a specialized chemical company primarily engaged in the manufacturing, marketing, research and development of infrared dyes, laser absorbing dyes and infrared dye formulations.
