Reconditioned Systems Inc. Reports Unaudited Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2013
May 12, 2013
Share
Reconditioned Systems Inc. reported unaudited earnings results for the fourth quarter and full year ended March 31, 2013. For the quarter, the company reported sales of $2,552,275 compared to $2,613,635 a year ago. Net income before provision for income taxes and loss on investment was $69,104 compared to loss of $230,835 a year ago. Net income was $41,964 or $0.04 per diluted share compared to net loss of $123,741 or $0.12 per diluted share a year ago.
For the year, the company reported sales of $10,830,144 compared to $12,789,002 a year ago. Net income before provision for income taxes and loss on investment was $281,969 compared to $520,517 a year ago. Net income was $173,871 or $0.17 per diluted share compared to $348,871 or $0.34 per diluted share a year ago.
Reconditioned Systems, Inc. is engaged in the manufacturing and sale of office workstations comprised of panel systems to customers located throughout the United States and Canada. The Company markets its products primarily in the continental United States. In addition, the Company specializes in remanufacturing of original equipment manufacturers (OEM) line of office workstations. The Companyâs products include workstations, office, tables, sit-to-stand, storage, and accessories. Its workstations products include EZcube Plus, EZcube and Echo Squared. Its office product consist of EZdesk, which provides solution for the private office. Its tables products include crucial, rigid, slant and sculpt tables. Its sit-to-stand products include pivot and clever tables. Its storage product consist of Echo Storage. Its accessories products include echo add-on panels, laminate privacy screens and desktop power.
MAXX SPORTS TV INC. 
