TX Holdings Inc. Announces Unaudited Consolidated Financial Results for the Third Quarter Ended June 30, 2015
August 03, 2015 at 06:03 pm IST
Share
TX Holdings Inc. announced unaudited consolidated financial results for the third quarter ended June 30, 2015. For the quarter, the company reported revenue of $636,388 compared to $1,236,267 a year ago. Loss from operations was $54,055 compared to $1,178 a year ago. Loss before provision for income taxes was $82,913,000 compared to profit of $326,209 a year ago. Net loss was $82,913 compared to net profit of $326,209 or $0.01 per basic and diluted share a year ago.
For the nine months, the company reported revenue of $2,229,033 compared to $3,340,715 a year ago. Loss from operations was $228,182 compared to profit from operations of $8,515 a year ago. Loss before provision for income taxes was $310,318,000 compared to profit of $397,110 a year ago. Net loss was $310,318 or $0.01 per basic and diluted share compared to net profit of $397,110 or $0.01 per share a year ago. Net cash used in operating activities was $2,843 compared to $17,943 a year ago. Purchase of equipment amounted to $4,149 compared to $38,809 a year ago.
TX Rail Products Inc., formerly TX Holdings, Inc., is engaged in the business of supplying, distributing, and selling rail material to its domestic coal mining industry, short line railroads, and tunneling contractors. The Company provides variety of rail accessories. It also offers tee rails.