CCOM Group, Inc. Announces Unaudited Consolidated Earnings Results for Third Quarter and Nine Months Ended Sept. 30, 2016
CCOM Group, Inc. announced unaudited consolidated earnings results for third quarter and nine months ended Sept. 30, 2016. For the quarter, the company reported sales of $23,984,268, income before income tax expense of $514,813, net income of $162,306, income per common share - diluted of $0.02 compared to the sales of $22,247,460, income before income tax expense of $327,734, net income of $327,734, income per common share - diluted of $0.03 for the same quarter a year ago.
For the year, the company reported sales of $65,498,808, income before income tax expense of $806,611, net income of $454,104, income per common share - diluted of $0.05, net cash used in operating activities of $868,889, additions to property and equipment of $86,250 compared to the sales of $60,128,029, income before income tax expense of $363,484, net income of $363,484, income per common share - diluted of $0.04, net cash used in operating activities of $1,181,481, additions to property and equipment of $129,774 for the previous year.