Velocity Energy Inc.

VCYE · OTC
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6/30/2009
3/31/2009
12/31/2008
9/30/2008
Revenue$0$0$157$44
% Growth-100%-100%260.1%
Cost of Goods Sold$52$172$415$224
Gross Profit-$52-$172-$258-$181
% Margin-228,697.3%-165%-415.8%
R&D Expenses$0$0$0$0
G&A Expenses$804$914$0$0
SG&A Expenses$804$914$1,058$847
Sales & Mktg Exp.$0$0$0$0
Other Operating Expenses$0$0$0$0
Operating Expenses$855$965$1,076$871
Operating Income-$908-$2,979-$2,975-$1,053
% Margin-3,972,300%-1,898.8%-2,420.7%
Other Income/Exp. Net-$30-$1,879-$850-$102
Pre-Tax Income-$938-$4,859-$3,825-$1,156
Tax Expense$1,260$3,208$0$0
Net Income-$2,166-$4,345-$3,825-$1,156
% Margin-5,793,001.3%-2,441.6%-2,656.2%
EPS-0.083-0.17-0.15-0.044
% Growth51.5%-13.3%-241.7%
EPS Diluted-0.083-0.17-0.15-0.044
Weighted Avg Shares Out26,26726,26726,34526,347
Weighted Avg Shares Out Dil26,26726,26726,34526,347
Supplemental Information
Interest Income$0$0$0$0
Interest Expense$1,230$1,329$0$0
Depreciation & Amortization$50$50$30$23
EBITDA-$856-$1,086-$3,155-$1,030
% Margin-1,448,330.7%-2,013.6%-2,366.3%