Pünktlich Ende Mai die Zahlen...
Yessss, die sind super......e n d l i c h!
Es bleibt zwar noch immer relativ wenig hängen......
für die Tabellen der link: http://biz.yahoo.com/ccn/080530/200805300465289001.html?.v=1
Cabo Announces Record 3rd Quarter Results
Friday May 30, 9:00 am ET
NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 30, 2008) - Cabo Drilling Corp. ("Cabo" or the "Company") (TSX VENTURE:CBE - News) today reported results for its third quarter ended March 31, 2008.
3rd QUARTER HIGHLIGHTS
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(CDN $000s, except 3 months 3 months 9 months 9 months
earnings per share) ending ending ending ending
Mar 31-08 Mar 31-07 Mar 31-08 Mar 31-07
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Revenue 16,037 8,896 44,011 21,228
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Net Earnings (Loss) Before
Interest, Tax, Amortization,
Stock-based Compensation and
Other Items (EBITDA) 1,860 644 6,062 523
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Net Earnings (Loss) Before Taxes 1,095 214 4,066 1,268
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Net Earnings (Loss) After Taxes 731 131 2,622 764
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Earnings (Loss) per Share ($)
Basic Before Interest, Tax,
Amortization, Stock-based
Compensation and Other Items
(EBITDA) 0.04 0.02 0.13 0.06
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Earnings (Loss) per Share ($)
Basic 0.02 0.00 0.05 0.02
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Cash from operations(i) 1,422 505 4,335 1,777
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Gross Margin % 22.8% 22.4% 24.6% 23.8%
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Working Capital 7,437 3,661 7,437 3,661
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(i)before changes in non-cash working capital items
The Company reports:
- Its highest ever quarter revenue of $16.04 million in the 3rd quarter of FY2008, an 80% increase from the 3rd quarter FY2007 of $8.90 million.
- Record net 3rd quarter FY2008 EBITDA (earnings before interest, taxes, amortization, stock based compensation and other items) of $1.86 million compared to 3rd quarter FY2007 earnings before interest, tax, amortization, stock based compensation and other items of $643,845.
- Record net earnings before taxes for the 3rd quarter of FY2008 of $1.10 million compared to 3rd quarter FY2007 net earnings before taxes of $214,325.
- Record 3rd quarter net earnings after taxes for the 3rd quarter of FY2008 of $731,277 compared to 3rd quarter FY2007 net earnings after taxes of $130,793 resulting in 3rd quarter FY2008 net earnings after taxes of $0.02 per share compared to FY2007 3rd quarter earnings of $0.00 per share.
- Gross margin percentage for the 3rd quarter FY2008 of 22.8% compared with a gross margin of 22.4% in the FY2007 3rd quarter.
- Cash flow from operations, before changes in non-cash working capital items, was $1.42 million for the 3rd quarter FY2008 compared to 3rd quarter FY2007 cash from operations of $504,883.
- A current asset balance of $26.48 million and working capital of $7.44 million.
- Total assets of $39.83 million and total liabilities of $20.30 million.
- Cabo's international operations recorded revenues of $4.54 million or 28% of total quarterly revenues.
"Cabo recorded its highest ever quarter revenues of $16.04 million, an 80% increase from the third quarter revenues of fiscal 2007 in what is traditionally one of our weakest quarters," stated Mr. Versfelt, President and CEO of Cabo Drilling Corp. "The growth in revenues can be attributed to record revenues from our international operations and strong growth from our Ontario and Atlantic divisions. The international operations recorded revenues of $4.54 million or 28% of quarterly revenues as compared to $199,919 or 2% in the third quarter of fiscal 2007."
"During the third quarter of fiscal 2008, Cabo achieved record third quarter net income. The Company recorded net income, after taxes, of $731,277 and basic earnings per share of $0.02," Mr. Versfelt said. "We also improved our net earnings before taxes by 412% from $214,325 in the third quarter of fiscal 2007 to $1.10 million in earnings before taxes in the third quarter of fiscal 2008. EBITDA also increased in the third quarter of fiscal 2008 to $1.86 million from $643,845 in the comparable period in the previous year."
"While the Company recorded its historically best third quarter gross margin of 22.8% in fiscal 2008, as compared to 22.4% in the third quarter of fiscal 2007 this is less than satisfactory. Going forward we will continue to strive to improve upon our margin numbers to achieve our year end goal of a gross margin of approximately 27%."
"The Company's Pacific division was awarded its second project in the USA in February 2008" stated Mr. Versfelt. "We have also identified other favourable USA exploration and mining markets in which we can continue our organic growth."
"Cabo is continuing on its path of achieving profitability quarter over quarter," commented Mr. Versfelt. "The Company's third quarter of 2008 is our seventh consecutive quarter of achieving profitability. This is a great milestone for the Cabo team. We are improving both our top line and bottom line numbers and creating value for our shareholders, employees and clients."
"Our balance sheet is growing stronger as a result of record revenue growth. As compared to June 30, 2007, the Shareholders' Equity has improved by 46.7% to a record high of $19.52 million for the nine months ended March 31, 2008" Mr. Versfelt explained. "Furthermore, working capital also improved to $7.48 million, the highest level ever experience by the Company."