Shopsmith Reports Second Quarter Profit

Share Name	Share Symbol	Market	Type
Shopify Inc	NYSE:SHOP	NYSE	Common Stock

Share Name

Share Symbol

Market

Type

Shopify Inc

NYSE:SHOP

NYSE

Common Stock

	Price Change	% Change	Share Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	0.22	0.34%	65.00	65.53	64.44	65.20	6,976,227	00:14:00

Price Change

% Change

Share Price

High Price

Low Price

Open Price

Shares Traded

Last Trade

0.22

0.34%

65.00

65.53

64.44

65.20

6,976,227

00:14:00

Shopsmith Reports Second Quarter Profit

19/11/2003 3:02pm

PR Newswire (US)

Shopify (NYSE:SHOP)
Historical Stock Chart

From Jun 2019 to Jun 2024

Shopsmith Reports Second Quarter Profit DAYTON, Ohio, Nov. 19 /PRNewswire-FirstCall/ -- Shopsmith, the leading manufacturer of multipurpose woodworking tools, today reported a net income of $119,000 or $.05 per diluted share on net sales of $3,174,000 for its second fiscal quarter ending October 4, 2003. For the same fiscal quarter of the previous year, net income of $36,000 was reported at $.01 per diluted share on sales of $3,207,000. John Folkerth, Shopsmith CEO said, "Our second quarter results reflect stronger sales of our Mark V product line at high traffic demonstrations, such as state fairs. While our focus is on improving sales, results show our continued success in controlling expenses, improving operating results at current sales levels." Founded in 1972, Shopsmith, Inc. manufactures their Mark V product line (a five in one multipurpose tool) in Dayton, Ohio. The products are marketed through live demonstrations and direct sales throughout the United States, Canada, and England. Results for the Quarters Ended October 4, September 28, 2003 2002 Net sales $3,174,000 $3,207,000 Gross profit 1,661,000 1,671,000 Income before income taxes 123,000 36,000 Income tax expense 5,000 - Net income 119,000 36,000 Net income per common share-Basic 0.05 0.01 Net income per common share-Diluted 0.05 0.01 Results for the Six Months Ended October 4, September 28, 2003 2002 Net sales $6,287,000 $6,622,000 Gross profit 3,192,000 3,469,000 Income (loss) before income taxes (1,000) 100,000 Income tax expense 5,000 - Net income (loss) (6,000) 100,000 Net income (loss) per common share-Basic (0.00) 0.04 Net income (loss) per common share-Diluted (0.00) 0.04 DATASOURCE: Shopsmith, Inc. CONTACT: John R. Folkerth, Chief Executive Officer of Shopsmith, Inc., +1-937-898-6070, ext. 500 Web site: http://www.shopsmith.com/

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