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Goldfield Corp. Message Board

  • hweb2 hweb2 Mar 29, 2013 1:07 PM Flag

    CREZ revenues down sequentially in Q4

    This is interesting. The amount of CREZ work actually declined slightly from Q3 to Q4! Crunching the numbers from the 10Q's, looks like Q3 had $11.3M in CREZ revenue while Q4 had $11.2M. That means non-CREZ revenue was $8.4M in Q3 and jumped to $14.5M in Q4. So what happened to earnings? There was a huge increase! Net income jumped 63% sequentially with earnings going from .10/share to .17/share. So looks like the non-CREZ work will remain VERY profitable. And they will be free to get a lot more of it when CREZ is competed in August.

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