TO Tech/Ops Sevcon, Inc. featured news, full reports, and detailed charts
Tech/Ops Sevcon, Inc. (TO) Wrap Up:
Tech/Ops Sevcon, Inc. (“Tech/Ops Sevcon” or the “Company”) is a Delaware corporation organized on December 22, 1987 to carry on the electronic controls business previously performed by Tech/Ops, Inc. (Tech/Ops). Through wholly-owned subsidiaries located in the United States, England, France, South Korea and Japan, the Company designs, manufactures, sells, and services, under the Sevcon name, solid-state products which control motor speed and acceleration for battery powered electric vehicles in a number of applications, primarily electric fork lift trucks, aerial lifts and underground coal-mining equipment. Through another subsidiary located in the United Kingdom, Tech/Ops Sevcon manufactures special metallized film capacitors for electronics applications. These capacitors are used as components in the power electronics, signaling and audio equipment markets. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2007%2f12%2f27%2f0000825411-07-000032.html#FIS_BUSINESS"Warning: imagejpeg() [function.imagejpeg]: Unable to open '/home/realp/public_html/components/com_stocksonline/cache/companyimages/TO_Tech/Ops.jpg' for writing: No such file or directory in /home/realp/public_html/components/com_stocksonline/models/model.company.php on line 140
www.techopssevcon.com
122 Employees
Founded in 1987
Tech/Ops Sevcon Inc. (TO:NASDAQ)
LAST $3.13 USD
CHANGE TODAY 0.00 0.00%
VOLUME 0.0
As of November 19, 2009 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of Tech/Ops Sevcon Inc. (TO)
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OPEN
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PREVIOUS CLOSE
$3.13
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DAY HIGH
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DAY LOW
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52 WEEK HIGH
12/1/08 - $4.54
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52 WEEK LOW
04/3/09 - $1.11
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MARKET CAP
10.4M
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AVERAGE VOLUME 3 mo
3.1K
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DILUTED EPS TTM
$-0.13
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SHARES OUTSTANDING
3.3M
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TO Does Not Pay Dividends
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P/E TTM
NM
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TO Top Compensated Officers
Mr. Matthew Boyle
Chief Executive Officer, President, Director ...
Age: 47
Total Annual Compensation: $290.2K
Mr. Paul N. Farquhar
Chief Financial Officer, Principal Accounting...
Age: 47
Total Annual Compensation: $183.0K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for Tech/Ops Sevcon Inc. (TO)
Tech/Ops Sevcon Reports Unaudited Earnings Results for Third Quarter and Nine Months Ended June 27, 2009
07/28/2009
Tech/Ops Sevcon Inc. reported unaudited earnings results for third quarter and nine months ended June 27, 2009. For the quarter, the company reported net loss of $300,000 or $0.09 loss per diluted share on net sales of $4,060,000 compare to net loss of $289,000 or $0.09 loss per diluted share on net sales of $10,015,000 for the same period a year ago. Loss before income taxes was $496,000 compared to loss before income taxes of $444,000 for the same period a year ago. The 59% decrease in reported Revenue was mainly due to a broad weakness in demand for the Company's products as a result of substantially reduced output by manufacturers and customers due to the global economic situation. For six months period the company reported net loss of $734,000 or $0.23 loss per diluted share on net sales of $15,770,000 compared to net income of $485,000 or $0.15 per diluted share on net sales of $30,818,000 for the same period a year ago. Loss before income taxes was $734,000 compared to income before income taxes of $747,000 for the same period a year ago.
Tech/Ops Sevcon Inc. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended March 28, 2009
04/28/2009
Tech/Ops Sevcon Inc. reported unaudited earnings results for the second quarter and six months ended March 28, 2009. Revenues in the second fiscal quarter were $4.9 million compared to $10.6 million last year. The 54% decrease in reported Revenue was mainly due to a broad weakness in demand for the company's products compared to fiscal 2008. Lower shipment volumes decreased revenues by $5 million. The strength of the US Dollar against the Euro and the British pound reduced reported revenues by $0.7 million compared to the second quarter of fiscal 2008. Net loss for the second quarter was $293,000 compared to net income of $461,000 in the same quarter last year. Fully diluted net loss per share was $0.09 compared to diluted net income per share of $0.14 in fiscal 2008. For the quarter loss before income taxes was $410,000 against loss before income taxes of $709,000 reported last year. Net loss for the first six fiscal months was $434,000 compared to net income of $774,000 last year. Fully diluted net loss per share was $0.13 in the first six months compared to diluted net income per share of $0.24 in fiscal 2008. Net sales for the period were $11.7 million compared to $20.8 million reported last year. For the period loss before income taxes was $628,000 against loss before income taxes of $1,191,000 reported last year.
Tech/Ops Sevcon Inc. Reports Earnings Results for the First Quarter Ended December 27, 2008
01/27/2009
Tech/Ops Sevcon Inc. reported earnings results for the first quarter ended December 27, 2008. For the quarter, the company reported net loss of $141,000 or $0.04 per share compared to net income of $313,000 or $0.10 per share in same period of last year. The company reported sales of $6.83 million were $3.41 million lower than in the first quarter last year. Operating income of $73,000 was $512,000 lower than the $585,000 reported for the first quarter last year.
TO Competitors
| Company | Last | Change |
| General Electric Co | $15.59 USD | -0.17 |
| Hitachi Ltd | ¥253.00 JPY | +2.00 |
| Sauer-Danfoss Inc | $9.09 USD | +0.09 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | TO | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.4x |
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| Price/Book | 0.9x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 0.4x |
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More Recent News About Tech/Ops Sevcon, Inc.
More news for TO
Tech/Ops Sevcon, Inc. (TO) Chief Executive Officer to Ring the NASDAQ Stock Market Closing Bell
What: Matt Boyle, Chief Executive Officer of Tech/Ops Sevcon, Inc. (TO), will preside over the Closing Bell. Where: NASDAQ MarketSite - 4 Times Square - 43rd & Broadway - Broadcast Studio When: Thursday, January 29, 2009 at 3:45 - 4:00 p.m. ET Contacts: Ray Thibault (508) 281-5510 Ray.Thibault@sevcon.com NASDAQ MarketSite: Robert Madden (646) 441-5045 Robert.Madden@NASDAQOMX.com Feed Information:The Closing Bell is available from 3:50 p.m. to 4:05 p.m. on AMC-3/C-3 (ul 5985V; dl 3760H). The feed can also be found on Ascent fiber 1623. If you have any questions, please contact Robert Madden at (646) 441-5045.Radio Feed:An audio transmission of the Closing Bell is also available from 3:50 p.m. to 4:05 p.m. on uplink IA6 C band / transponder 24, downlink frequency 4180 horizontal. The feed can be found on Ascent fiber 1623 as well.Webcast:A live webcast of the NASDAQ Closing Bell will be available at: http://www.nasdaq.com/about/marketsitetowervideo.asxPhotos:To obtain a hi-resolution photograph of the Market Close, please go to ...Click here to read the whole Article (external link)
TECH OPS SEVCON INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhib
Show all filings for TECH OPS SEVCON INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for TECH OPS SEVCON INC 28-Jan-2009Results of Operations and Financial Condition, Financial Statements and Exhib Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provid...Click here to read the whole Article (external link)
TECH OPS SEVCON INC Files SEC form 10-K, Annual Report
ITEM 7 MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS FORWARD LOOKING STATEMENTS Statements in this discussion and analysis about the Company's anticipated financial results and growth, as well as those about the development of its products and markets, are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those projected. These include the risks discussed in Item 1A to this Annual Report, entitled 'Risk Factors', and others discussed in this report. NEW ACCOUNTING PRONOUNCEMENTS In February 2007, the FASB issued SFAS No. 159, "The Fair Value Option for Financial Assets and Financial Liabilities" (SFAS 159), which permits entities to choose to measure many financial instruments and certain other items at fair value that are not currently required to be measured at fair value. SFAS No. 159 will be effective for the Company on October 1, 2008. The Company is currently evaluating the impact, if any, of adopting SFAS No. 159 on its financial position and results of operations. In December 2007, the FASB issued SFAS No. 141R, Business Combinations (SFAS No. 141R). SFAS No. 141R addresses financial accounting and reporting for business combinations, and supersedes APB Opinion No. 16, Business Combinations and FASB Statement No. 38, Accounting for Preacquisition Contingencies of Purchased Enterprises. The objective is to provide consistency to the accounting and financial reporting of business combinations by using only one method, the purchase method. This Statement is effective for fiscal years, and interim periods within those fiscal years, beginning on or after December 15, 2008. Any potential impact on the Company's financial position and results of operations will be dependent upon the terms and conditions of any acquisition. In December 2007, the FASB issued SFAS No. 160, Noncontrolling Interests in Consolidated Financial S...Click here to read the whole Article (external link)
TECH OPS SEVCON INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhib
Show all filings for TECH OPS SEVCON INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for TECH OPS SEVCON INC 3-Dec-2008Results of Operations and Financial Condition, Financial Statements and Exhib Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provide...Click here to read the whole Article (external link)
TECH OPS SEVCON INC Financials
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...Click here to read the whole Article (external link)
TECH OPS SEVCON INC Files SEC form 10-Q, Quarterly Report
Item 2 Management's Discussion and Analysis of Financial Condition and Results of Operations. FORWARD LOOKING STATEMENTS Statements in this discussion and analysis about the Company's anticipated financial results and growth, as well as those about the development of its products and markets, are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those projected. These include the risks discussed under "Risk Factors" below and others discussed in this report. CRITICAL ACCOUNTING ESTIMATES As of March 28, 2009, there have been no material changes to the critical accounting estimates described in the Company's 2008 10-K. However, if the continuing worldwide economic troubles continue to have a negative effect on our business, estimates used in future periods may vary materially from those the Company previously disclosed. For example: (i) if the financial condition of any of the Company's customers deteriorates as a result of continuing business declines, the Company may be required to increase its estimated allowance for bad debts; (ii) if actual future demand continues to decline more than previously projected, inventory write-downs may be required; or (iii) significant negative industry or economic trends that adversely affect our future revenues and profits, or a reduction of our market capitalization relative to net book value, among other factors, may change the estimated future cash flows or other factors that we use to determine whether or not goodwill has been impaired and lead us to conclude that an impairment charge is required. All of these factors, and others resulting from the current economic situation, may have a material adverse impact on the Company's results. Pension Plan Assumptions The Company's pension plans are significant relative to the size of the Company. Pension plan assets were $18,162,000 at Septe...Click here to read the whole Article (external link)
TECH OPS SEVCON INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhib
Show all filings for TECH OPS SEVCON INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for TECH OPS SEVCON INC 29-Apr-2009Results of Operations and Financial Condition, Financial Statements and Exhib Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information prov...Click here to read the whole Article (external link)
TECH OPS SEVCON INC Files SEC form 10-Q, Quarterly Report
Item 2 Management's Discussion and Analysis of Financial Condition and Results of Operations. FORWARD LOOKING STATEMENTS Statements in this discussion and analysis about the Company's anticipated financial results and growth, as well as those about the development of its products and markets, are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those projected. These include the risks discussed under 'Risk Factors' below and throughout this Item 2. CRITICAL ACCOUNTING ESTIMATES As of December 27, 2008 there have been no material changes to the critical accounting estimates described in the Company's 2008 10-K. However, if the continuing worldwide economic troubles continue to have a negative effect on our business, actual conditions in future periods may vary materially from those the Company previously estimated. - 11 - INDEX For example: (i) if the financial condition of any of the Company's customers deteriorates as a result of continuing business declines, the Company may be required to increase its estimated allowance for bad debts; (ii) if actual future demand continues to decline more than previously projected, inventory write-downs may be required; or (iii) significant negative industry or economic trends that adversely affect our future revenues and profits, or a reduction of our market capitalization relative to net book value, among other factors, may change the estimated future cash flows or other factors that we use to determine whether or not goodwill has been impaired and lead us to conclude that an impairment charge is required. All of these factors, and others resulting from the current economic situation, may have a material adverse impact on the Company's results. Pension Plan Assumptions The Company's pension plans are significant relative to the size of the Company. Pension ...Click here to read the whole Article (external link)
TECH OPS SEVCON INC Files SEC form 10-Q, Quarterly Report
Item 2 Management's Discussion and Analysis of Financial Condition and Results of Operations. FORWARD LOOKING STATEMENTS Statements in this discussion and analysis about the Company's anticipated financial results and growth, as well as those about the development of its products and markets, are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those projected. These include the risks discussed under "Risk Factors" below and others discussed in this report. CRITICAL ACCOUNTING ESTIMATES As of June 27, 2009, there have been no material changes to the critical accounting estimates described in the Company's 2008 10-K. However, if the continuing worldwide economic troubles continue to have a negative effect on our business, estimates used in future periods may vary materially from those included in the Company's previous disclosures. For example: (i) if the financial condition of any of the Company's customers deteriorates as a result of continuing business declines, the Company may be required to increase its estimated allowance for bad debts; (ii) if actual future demand continues to decline more than previously projected, inventory write-downs may be required; or (iii) significant negative industry or economic trends that adversely affect our future revenues and profits, or a reduction of our market capitalization relative to net book value, among other factors, may change the estimated future cash flows or other factors that we use to determine whether or not goodwill has been impaired and lead us to conclude that an impairment charge is required. All of these factors, and others resulting from the current economic situation, may have a material adverse impact on the Company's results. Pension Plan Assumptions The Company's pension plans are significant relative to the size of the Company. Pension plan assets were $18,162,...Click here to read the whole Article (external link)
TECH OPS SEVCON INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhib
Show all filings for TECH OPS SEVCON INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for TECH OPS SEVCON INC 29-Jul-2009Results of Operations and Financial Condition, Financial Statements and Exhib Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provid...Click here to read the whole Article (external link)
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