GINSMS Inc. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended September 30, 2015; Provides Earnings Guidance for the Quarter Ending March 2016, June 2016, September 2016 and December 2016
For the six months, the company reported revenues of $2,401,839 against $646,662 a year ago. LBITDA was $521,685 against $559,108 a year ago. Net loss was $1,724,893 or 0.03 per basic and diluted share against $1,590,226 or 0.03 per basic and diluted share a year ago.
For the quarter ending March 2016, the company expects revenues of $1,553,498, operating loss of $291,325 and ordinary loss of $523,518. The company expects gross profit of $121,462, gross margin of 7.8% and selling, general and administrative expenses of $412,787. The company expects loss before tax and minority interest of $523,518, net loss for the period of $523,518 and LBITA of $242,329.
For the quarter ending June 2016, the company expects revenues of $1,682,513, operating loss of $253,260 and ordinary loss of $556,109. The company expects gross profit of $130,639, gross margin of 7.8% and selling, general and administrative expenses of $383,899. The company expects loss before tax and minority interest of $556,109, net loss for the period of $556,109 and LBITA of $201,417.
For the quarter ending September 2016, the company expects revenues of $1,824,430, operating loss of $306,771 and ordinary loss of $715,296. The company expects gross profit of $136,770, gross margin of 7.5% and selling, general and administrative expenses of $443,540. The company expects loss before tax and minority interest of $715,296, net loss for the period of $715,296 and LBITA of $252,331.
For the quarter ending December 2016, the company expects revenues of $1,980,539, operating loss of $227,165 and ordinary loss of $654,958. The company expects gross profit of $148,890, gross margin of 7.5% and selling, general and administrative expenses of $376,055. The company expects loss before tax and minority interest of $654,958, net loss for the period of $654,958 and LBITA of $170,295.