MEAD Meade Instruments Corp. featured news, full reports, and detailed charts
Meade Instruments Corp. (MEAD) Wrap Up:
Meade Instruments Corp. (“Meade” or the “Company”) is a multinational consumer optics company that designs, manufactures, imports and distributes telescopes, telescope accessories, binoculars, riflescopes, spotting scopes, microscopes, and other consumer optical products. Meade is dedicated to bringing innovative, cutting-edge, consumer-friendly products to the consumer optics marketplace. The Company’s brands, which include Meade®, Bresser®, Simmons®, Weaver®, Redfield®, and Coronado®, are recognized throughout the world and are associated with innovation in the amateur astronomy, consumer optical and sporting goods markets. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2007%2f08%2f29%2f0001104659-07-065880.html#FIS_BUSINESS"Meade Instruments Corp. (MEAD:NASDAQ)
Snapshot of Meade Instruments Corp. (MEAD)
|
OPEN
$2.68
|
PREVIOUS CLOSE
$2.75
|
|
|
DAY HIGH
$2.72
|
DAY LOW
$2.51
|
|
|
52 WEEK HIGH
08/11/09 - $6.98
|
52 WEEK LOW
12/12/08 - $1.20
|
|
|
MARKET CAP
2.9M
|
AVERAGE VOLUME 3 mo
1.5K
|
|
|
DILUTED EPS TTM
--
|
SHARES OUTSTANDING
1.2M
|
|
|
MEAD Does Not Pay Dividends
|
P/E TTM
NM
|
|
| K = Thousands M = Millions B = Billions | ||
MEAD Top Compensated Officers
Executives, Board Directors
Key developments for Meade Instruments Corp. (MEAD)
Meade Instruments Corp. reported unaudited consolidated earnings results for the second quarter and six months ended August 31, 2009. For the quarter, the company reported net sales of $7.6 million compared to $7.6 million during the three months ended August 31, 2008. Net loss was $1.1 million, or $0.95 per share compared with a net loss of $2.0 million, or $1.73 per share, for the three months ended August 31, 2008. Excluding the $0.8 million gain on the sale of the Simmons brand and associated inventory in June 2008, the company would have reported a net loss of $2.8 million, or $2.41 per share for the three months ended August 31, 2008. Operating loss was $1.13 million and loss before income taxes was $1.19 million compared to operating loss of $2.81 million and loss before income taxes of $2.84 million for the same period last year. Loss from continuing operations was $1.11 million or $0.95 per basic and diluted share compared to $2.28 million or $1.76 per basic and diluted share for the same period last year. For the six months, net loss was $2.28 million or $1.95 per basic and diluted share on net sales of $11.83 million compared to net loss of $0.26 million or $0.22 per basic and diluted share on net sales of $14.80 million for the same period last year. Operating loss was $2.32 million and loss before income taxes was $2.29 million compared to operating loss of $1.36 million and loss before income taxes of $1.48 million for the same period last year. Loss from continuing operations was $2.28 million or $1.95 per basic and diluted share compared to $0.51 million or $0.44 per basic and diluted share for the same period last year. Cash used in operating activities was approximately $4.1 million, compared to $7.9 million in the prior year-a decrease of approximately $3.8 million or 48%. Capital expenditures were $0.045 million compared to $0.075 million for the same period last year.
Meade Instruments Corp. filed an amendment to Certificate of Incorporation establishing a one-for-twenty reverse split of common stock, effective August 7, 2009, and reducing the number of authorized shares of common stock to Two Million Five Hundred Thousand (2,500,000).
Effective August 10, 2009, Meade Instruments Corp. changed its NasdaqCM stock ticker symbol to MEAD.D from MEAD.
MEAD Competitors
| Company | Last | Change | |
| No competitor information is available for MEAD. | |||
| Market data is delayed at least 20 minutes. | |||
Industry Analysis
| Valuation | MEAD | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.1x |
|
| Price/Book | 0.2x |
|
| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 0.0x |
|
|
MEAD |
||
MEAD transactions
| Type Date |
Target | |
| No transactions in the last 6 months. | ||