Melt Inc. (MLTC) news stock charts
Melt Inc. (MLTC/MLTC.OB) Investment Summary:
Melt, Inc., through its subsidiaries, franchises retail gelato bars and quick casual restaurants under the ‘Melt-gelato italiano’, ‘Melt–café & gelato bar’, and ‘Melt gelato and crepe café’ names. The company sells gelato, sorbetto, crepes, paninis, salads, smoothies, coffee, sodas, and other food related products to the franchise owned and operated stores. As of December 31, 2007, it had 12 franchise owned and operated stores in Arizona, California, Connecticut, Illinois, Massachusetts, and Ohio. The company was founded in 2003 and is based in Temecula, California.MELT INC (MLTC:OTC Bulletin Board Market)
Snapshot of MELT INC (MLTC)
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OPEN
$0.05
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PREVIOUS CLOSE
$0.05
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DAY HIGH
$0.05
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DAY LOW
$0.05
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52 WEEK HIGH
10/23/09 - $0.15
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52 WEEK LOW
05/18/09 - $0.04
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MARKET CAP
1.1M
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AVERAGE VOLUME 10 D
2.7K
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EPS TTM
--
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SHARES OUTSTANDING
21.3M
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MLTC Does Not Pay Dividends
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P/E TTM
--
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| K = Thousands M = Millions B = Billions | ||
Key developments for MELT INC (MLTC)
Melt Inc. reported earning results for the second quarter ended June 30, 2009. For the period, the company reported net income of $63,844, up from $34,530 net loss for the same quarter the previous year.
Melt Inc. said in Form 10-Q filed with Securities and Exchange Commission (SEC), We anticipate that additional funding will be required in the form of equity financing from the sale of our common stock. At this time, we cannot provide investors with any assurance that we will be able to raise sufficient funding from the sale of our common stock or through a loan from our directors to meet our obligations over the next twelve months. We do not have any arrangements in place for any future debt or equity financing. It added, We have no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to stockholders.
Melt Inc. filed its 10-K on April 02, 2009 for the period ending December 31, 2008. In this report its auditor, H J & Associates, LLC, gave an unqualified opinion expressing doubt that the company can continue as a going concern.
Melt Inc. financial resources
MLTC Competitors
| Company | Last | Change | |
| No competitor information is available for MLTC. | |||
| Market data is delayed at least 15 minutes. | |||
Industry Analysis
| Valuation | MLTC | Industry Range |
| Price/Earnings | 26.0x |
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| Price/Sales | 1.3x |
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| Price/Book | NM | Not Meaningful |
| Price/Cash Flow | 138.1x |
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| TEV/Sales | -- | Not Meaningful |
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MLTC |
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MLTC transactions
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Target | |
| No transactions in the last 6 months. | ||
More Recent Financial News About Melt Inc.
MELT INC Files SEC form 10-K, Annual Report
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MELT INC Files SEC form 10-Q, Quarterly Report
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MELT INC Files SEC form 10-Q, Quarterly Report
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