| Pro-Dex, Inc. Announces Third Quarter Fiscal 2007 Financial Results
SANTA ANA, Calif., May 15 /PRNewswire-FirstCall/ -- PRO-DEX, INC. (NASDAQ: PDEX) a developer and manufacturer of embedded motion control, miniature rotary drive systems and fractional horsepower DC motors, which enables speed-to-market for customers who serve the medical, dental, factory automation, scientific research, aerospace and military markets, today announced financial results for the fiscal third quarter ending March 31, 2007. Consolidated net sales for the third fiscal quarter were $5.9 million, an increase of 40.4 percent compared to the $4.2 million for the third fiscal quarter of 2006. The topline growth was led by a 90 percent increase in medical product sales and a 45 percent increase in dental revenues. The Company reported net income of $216,000, or $0.02 per basic and fully diluted share (based on 9.8 million shares) compared to net income of $6,000, or $0.00 per basic and fully diluted share (based on 10.0 million shares) last year.
First Edition Cycling News
Christian Prudhomme, director of the Tour de France, has said this year's Tour can be taken seriously, despite the ongoing controversy surrounding the sport's doping problems, but cautioned he cannot guarantee a clean Tour. Prudhomme's comments came as he met London mayor Ken Livingstone in the UK, where this year's race makes its grand depart and contests the prologue and first stage. "You can take the Tour de France seriously because we have the real will to fight the doping problem," responded the Frenchmen when scrutinized by the attending media. "I cannot guarantee it will be completely clean but I can say that doping is the enemy of cycling and the Tour and that we are doing everything we can to combat it." Speaking in London, Prudhomme noted that doping is an issue the entire sporting spectrum faces, and that cycling must concentrate on the future rather than dwell on the past.
Inland Real Estate Corporation Reports $0.37 FFO Per Share for ...
OAK BROOK, Ill.--(BUSINESS WIRE)--Inland Real Estate Corporation (NYSE: IRC) today announced financial results for the first quarter ended March 31, 2007. Highlights Funds from operations (FFO) of $24.2 million or $0.37 per share (basic and diluted) for the three months ended March 31, 2007, representing increases of 9.0% and 12.1%, respectively Net income of $11.7 million or $0.18 per share (basic and diluted), for the three months ended March 31, 2007, an increase of 18.2% and 20.0%, respectively Portfolio was 95.6% leased as of March 31, 2007 A total of 73 new and renewal leases were executed for the rental of 189,000 aggregate square feet during the quarter; new lease activity increased 43.3% over expiring rates The Company completed 75% of annual acquisitions target for its 1031 Exchange Tenant in Common joint venture with Inland Real Estate Exchange Corporation Financial Results The Company reported that FFO, a widely accepted measure of performance for real estate investment trusts (REITs), for the three months ended March 31, 2007 was $24.2 million, an increase of 9.0% compared to $22.2 million for the three months ended March 31, 2006.
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