RONC Ronson Corp. featured news, full reports, and detailed charts
Ronson Corp. (RONC/RONC.PK) Wrap Up:
Ronson Corporation and its subsidiaries engage in consumer products, and aviation-fixed wing and helicopter service businesses. The company manufactures and distributes consumer products, such as lighter fluid, multi-fill butane fuel injectors, flints, and wicks for lighters, as well as a multi-use penetrant spray lubricant product under the trade name of Multi-Lube; and a spot remover. Its consumer products also include lighter and torch products, such as the COMET refillable butane lighter; the WINDLITE fuel windproof lighter; multi-purpose lighters for lighting fireplaces, barbecues, camping stoves, and candles; the JetLite, a blue flame torch lighter; the Tech Torch auto start for precision craft and hobby work, and soldering; and the AERO TORCH for soldering, plumbing, and outdoor use. The company distributes its consumer products through distributors, food brokers, mass merchandisers, drug chains, convenience stores, and automotive and hardware representatives in the United States, Canada, and Mexico. Its aviation-fixed wing and helicopter services comprise a range of general aviation services, such as aircraft fueling, cargo handling, avionics, new and used aircraft sales, aircraft repairs, aircraft storage, and office rental services to the general public and to government agencies. The company was founded in 1928 and is based in Somerset, New Jersey.Ronson Corp. (RONC:OTC)
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Market Cap
305.0K
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Total Revenue
24.2M
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EBITDA
496.0K
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DILUTED EPS TTM
-0.32
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P/E
--
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P/S
0.0x
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Return On Asset
-5.14
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Return On Equity
-462.43
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| K = Thousands M = Millions B = Billions | ||
RONC Top Compensated Officers
Executives, Board Directors
Key developments for Ronson Corp. (RONC)
Ronson Corp. reported consolidated financial results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net loss of $1,641,000 or $0.32 per basic and diluted share compared to net loss of $487,000 or $0.10 per basic and diluted share for the same period previous year. The company's loss from continuing operations was $383,000 or $0.07 per basic and diluted share in the third quarter of 2009 as compared to $249,000 or $0.05 per basic and diluted share in the third quarter of 2008. Loss from continuing operations before interest and other items was $309,000 and loss from continuing operations before income taxes of $457,000 compared to loss from continuing operations before interest and other items of $348,000 and loss from continuing operations before income taxes of $431,000 for the same period previous year. For the nine months, the company reported net loss of $3,533,000 or $0.69 per basic and diluted share compared to net loss of $986,000 or $0.19 per basic and diluted share for the same period previous year. The company's loss from continuing operations in the nine months of 2009 was $941,000 or $0.18 per basic and diluted share as compared to $986,000 or $0.16 per basic and diluted share in the nine months of 2008. Loss from continuing operations before interest and other items was $971,000 and loss from continuing operations before income taxes of $1,421,000 compared to loss from continuing operations before interest and other items of $1,175,000 and loss from continuing operations before income taxes of $1,420,000 for the same period previous year.
On 11/16/2009, Ronson Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
Ronson Corp. announced that the company's primary lender, Wells Fargo Bank, National Association, has further extended its moratorium during which the bank will not assert rights relating to existing events of default through December 31, 2009, or such earlier date permitted under the company's agreement with the bank. The amendment to the forbearance agreement also increases the amount of advances which Wells Fargo will extend under the Company's maximum revolving credit line from $3,000,000 to $3,500,000 and increases the maximum over advance facility from $1,000,000 to $2,000,000.
RONC Competitors
| Company | Last | Change | |
| No competitor information is available for RONC. | |||
| Market data is delayed at least 20 minutes. | |||
Industry Analysis
| Valuation | RONC | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.0x |
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| Price/Book | NM | Not Meaningful |
| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
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RONC |
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RONC transactions
| Type Date |
Target |
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Merger/Acquisition
August 12, 2009 |
Ronson Consumer Products Corp. and Ronson Corporation Of Canada Ltd. |
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Merger/Acquisition
July 22, 2009 |
Ronson Consumer Products Corp. and Ronson Corporation Of Canada Ltd. |