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Fiscal 2005 was significant investment year for DGSE
03 Apr '06
2 min read
DGSE Companies Inc, which wholesales, retails and auctions fine watches, jewelry, diamonds, precious metal and rare coin products via traditional and Internet channels announced operating results for the year ended December 31, 2005.
Earnings
-Basic and diluted earnings per share for Fiscal 2005 were $.10 versus basic and diluted earnings per share of $.07 per share in fiscal 2004. Net Income s increased 38.3 percent to $485,212 from $350,829 in fiscal 2004.
-Fourth Quarter 2005 basic and diluted earnings per share were $.03 versus a loss of ($.01) per share in the Fourth Quarter of 2004
Revenues
-Total Revenues for Fiscal 2005 were $35,639,571. This represents a 24.43 percent increase over Fiscal 2004 Total Revenues of $28,642,217.
-Total Revenues for the Fourth Quarter of 2005 were $14,843,535. This represents a 59.2 percent increase over Fourth Quarter 2004 Revenues of $9,318,246.
Performance Metrics & Liquidity
-EBITDA (earnings before interest, taxes, depreciation and amortization) was $1,188,086 in 2005. This represents a 21.9 percent increase over $974,647 in 2004.
-Shareholders equity at year-end 2005 was $6,071,128 or $1.23 per share. This represents an increase of 8.6 percent versus $5,590,586 or $1.14 per share.
Fiscal 2005 was an important investment year for DGSE, noted William H. Oyster, President and Chief Operating Officer of DGSE Companies Inc. Oyster continued, The invested significant capital in our expanding PayDay business as well as additional significant capital in new facility in Charleston, South Carolina. While these investments were expensed as they were incurred and thus constrained 2005 results, we expect the benefits of the investments to positively impact results in Fiscal 2006.
Earnings
-Basic and diluted earnings per share for Fiscal 2005 were $.10 versus basic and diluted earnings per share of $.07 per share in fiscal 2004. Net Income s increased 38.3 percent to $485,212 from $350,829 in fiscal 2004.
-Fourth Quarter 2005 basic and diluted earnings per share were $.03 versus a loss of ($.01) per share in the Fourth Quarter of 2004
Revenues
-Total Revenues for Fiscal 2005 were $35,639,571. This represents a 24.43 percent increase over Fiscal 2004 Total Revenues of $28,642,217.
-Total Revenues for the Fourth Quarter of 2005 were $14,843,535. This represents a 59.2 percent increase over Fourth Quarter 2004 Revenues of $9,318,246.
Performance Metrics & Liquidity
-EBITDA (earnings before interest, taxes, depreciation and amortization) was $1,188,086 in 2005. This represents a 21.9 percent increase over $974,647 in 2004.
-Shareholders equity at year-end 2005 was $6,071,128 or $1.23 per share. This represents an increase of 8.6 percent versus $5,590,586 or $1.14 per share.
Fiscal 2005 was an important investment year for DGSE, noted William H. Oyster, President and Chief Operating Officer of DGSE Companies Inc. Oyster continued, The invested significant capital in our expanding PayDay business as well as additional significant capital in new facility in Charleston, South Carolina. While these investments were expensed as they were incurred and thus constrained 2005 results, we expect the benefits of the investments to positively impact results in Fiscal 2006.
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