Posted by ProfitableStocksOnly > 2018-07-04 14:48 | Report Abuse

NPT.C (Plaintree Systems Inc) Due Diligence Report Most Recent Financials + Management Discussion Highlights. Found On Year End Results Will Be Released August 2018 Symbols: Canada – NPT / USA - PTEEF Price: $0.165 CAD / $0.14 US Common Shares: 12,925,253 Options/Warrants: 0 Insider/Institutional Holdings: 6,024,676 or 46.6% Important Announcements From MD&A and Most Recent News Release: Last News Release: David Watson, the company's president and chief executive officer, commented by stating: "Plaintree's biggest product line, our mining domes, posted strong revenues this fiscal year and leave us with a substantial backlog for next year due to buoyancy in several mining sectors. In addition to this, the product lines for all of Plaintree's aerospace divisions have increased in profitability over the course of this year. I would be remiss if I didn't comment on the strong growth of our foundations for unstable soils and flood zones. After three years of investment in marketing and sales for this product line, it is expected that we may almost triple our previous year's sales." Q3 MD&A (Page 10): These consolidated financial statements have been prepared assuming that the Company will continue as a going concern. As at December 31, 2017, the Company had an accumulated deficit of $3,458,891 and, for the period then ended, the Company had comprehensive earnings of $1,746,353. As at December 31, 2017, the Company had working capital of $10,290 and $NIL cash on hand. These material uncertainties may cast doubt upon the Company’s ability to continue as a going concern. However, due to the recent improvement in the financial performance of the Company, management is reviewing whether the going concern note remains appropriate and whether it should be removed from future statements. In assessing whether the going concern assumption was appropriate, management took into account all relevant information available about the future, which was at least, but not limited to, the next twelve month period following December 31, 2017 Financials (CAD) ASSETS Trade Receivables: $4,909,029 Unbilled Revenue: $184,431 Inventory: $1,772,214 Prepaid Expenses: $72,344 Property, Plant & Equipment: $4,696,703 Intangible Asset: $561,359 Total Assets: December 2017 - $12,196,080 (March 2017 - $10,342,103) LIABILITIES Cash Deficit - $1,119,642 Trade Payables: $1,647,113 Deferred Revenue: $2,215,186 Current Bank Note Payment: $1,148,831 Portion Of Long Term Debt: $45,000 Due To Related Parties: $554,447 Deferred Government Assistance: $146,000 Obligation Under Lease Capital: $455,519 Long Term Debt: $92,925 Due To Related Parties: $5,565,044 Total Liabilities: December 2017 - $13,564,220 (March 2017 - $13,456,597) Nine Month Sales Performance Revenue: $12,488,416 (2016 - $10,033,364) Cost Of Sales: $8,672,752 (2016 - $8,352,694) Gross Margin: $3,815,664 (2016 - $1,680,670) Net Income: $1,746,354 (2016 - -$1,039,871) Earnings Per Share - $1,746,354 / 12,925,253 = $0.135 Trading at less than two times earnings Management Discussion From Q3 2017 Overview Plaintree Systems Inc. (“Plaintree” or the “Company”) was incorporated in Canada under the Canada Business Corporation Act and is publicly traded on the Canadian Securities Exchange (“CSE”) under “NPT”. The Company operates an Electronics division [the Hypernetics business, Summit Aerospace USA Inc. (“Summit Aerospace”)] and a Specialty Structures division (the Triodetic business), Spotton Corp. and 9366920 Canada Inc. (operating as Madawaska Doors). Plaintree is a diversified company with proprietary technologies and manufacturing capabilities in structural design, aerospace and telecommunications. The Hypernetics business manufactures avionic components for various applications including aircraft antiskid braking, aircraft instrument indicators, solenoids, and permanent magnet alternators. The Triodetic business is a design/build manufacturer of steel, aluminum, and stainless steel specialty structures such as commercial domes, free form structures, barrel vaults, space frames, and industrial dome coverings. Summit Aerospace specializes in the high-end machining of super-alloys for the aircraft and helicopter markets. Spotton’s business involves the design and manufacture of high-end custom hydraulic and pneumatic valves and cylinders for the industrial, oil and gas markets. Madawaska Doors Inc., through its wholly-owned subsidiary, 9366920 Canada Inc. involves the manufacturing and selling of high quality, 100% natural solid wood custom doors and related parts and materials. Until June 2017 the Speciality Structures division included Arnprior Fire Trucks Corp. (“AFTC”). On June 6, 2017, the Company announced that it had completed the sale of assets and business of AFTC. The address of the Company’s registered office and principal place of business is 10 Didak Drive, Arnprior, Ontario.

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1 comment(s). Last comment by ProfitableStocksOnly 2018-07-30 16:39

Posted by ProfitableStocksOnly > 2018-07-30 16:39 | Report Abuse

Plaintree earns $2.54-million in fiscal 2018

2018-07-30 14:11 MT - News Release

Mr. David Watson reports


Plaintree Systems Inc. has just completed a profitable year.

The Company filed today its audited consolidated financial statements and management discussion and analysis for the year ended March 31, 2018.

For the year ended March 31, 2018, the Company posted after-tax profit of $2,547,514 as compared to a loss of $(2,639,634) and revenue of $19,005,680 as compared to revenue of $12,844,110 for the 2017 fiscal.

"2018 was an excellent year for Plaintree with sales increasing by 48%. We are excited to announce that this dramatic sales growth combined with the divestiture of the Firetrucks division, had earnings increase by over $5 million.

It's important to explain that, starting in fiscal 2014 through fiscal 2016, the market for all of Plaintree's product lines were either stagnant or declining, said David Watson, Plaintree CEO. The Mining industry went into almost complete hibernation, the Aerospace industry began its cyclical move to offshore as much as possible and funding for firetrucks by municipalities continued to languish at lower than expected levels. This all began to change in fiscal 2017. Commodity prices finally began to recover and the Aerospace industry began its phase of reshoring its manufacturing.

This has not only provided us with the excellent 2018 results but also given us a favourable backlog to begin fiscal 2019."

About Plaintree Systems Inc.

Plaintree has two diversified product lines consisting of Specialty Structures and Electronics.

The Specialty Structures Division includes the former Triodetic Group with over 40 years of experience, is a design/build manufacturer of steel, aluminum and stainless steel specialty structures such as commercial domes, free form structures, barrel vaults, space frames and industrial dome coverings, Spotton Corporation, a design and manufacturer of high end custom hydraulic and pneumatic valves and cylinders and Madawaska Doors, a design and manufacturer of premium solid wood doors.

The Electronics Division includes the legacy Hypernetics and Summit Aerospace USA Inc. businesses. Hypernetics was established in 1972 and is a manufacturer of avionic components for various applications including aircraft antiskid braking, aircraft instrument indicators, solenoids, high purity valves and permanent magnet alternators. Summit Aerospace USA Inc. provides high precision machining to the aerospace and defense markets. Our facility includes 5 axis CNC precision machining of complex castings and large ring parts such as turbine and assembly shrouds as well as assembly & pressure seals. Summit will support requirements from concept, prototype and throughout production.

We seek Safe Harbor.

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