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Wolverine Exploration, Inc. Message Board

  • qwastiyo qwastiyo Nov 17, 2004 10:08 AM Flag

    Check these earnings out FPPC


    Now here's a possible opportunity, 8 million out, tiny float, management buying in the market and PROFITABLE with income up 255%!!!.

    FieldPoint Petroleum Corporation Reports Record Third Quarter Earnings On 52% Revenue Increase
    Friday November 12, 11:41 am ET
    Nine Month Net Income Increased 255% to $404,440 or $0.05 per share

    AUSTIN, Texas--(BUSINESS WIRE)--Nov. 12, 2004--FieldPoint Petroleum Corporation (OTCBB:FPPC - News) announced today that revenues increased 52% to $896,824 in the third quarter ended September 30, 2004 vs. $589,026 in the 2003 comparable quarter. Net income in the quarter was $235,795 or $.03 cent per share vs. a net loss of $31,704 for the 2003 quarter.

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      � Revenue in the third quarter was $7.8 million a 126 % increase over the second quarter 2004 revenue and a 965% increase over the third quarter of 2003.

      � The three months ended September 30, 2004 represented our first quarter of net income.

      � Revenue through the nine months ended September 30, 2004 was $13.5 million a 659% increase over the nine months ended September 30, 2003.

      � Two enterprise license and services orders were received in the third quarter. The first was a $1.7 million order for Hercules from MCI, a global communications and services company. The second was an $8.6 million enterprise order for Hercules, including training and consulting services, by the Department of Defense.

      � Revenue was generated from 36 customers during the third quarter that stratify several industry segments including, 8 government, 4 financial services, 5 education, 7 healthcare, and 12 corporate customers.

      � Hercules 3.0 was affirmed at Common Criteria level EAL 3

      � Hercules 3.5 and AssetGuard announced for general availability in the fourth quarter of 2004.

      � At September 30, 2004 we employed 134 people versus 55 employees at September 30, 2003.

      � Balance sheet shows $9.6 million in cash, $7.6 million in accounts receivable, $9.2 million in working capital and $16.1 million of stockholders' equity.

0.0030.000(0.00%)Jul 17 10:42 AMEDT

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