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Earnings News & Notes

Cal Biesecker By
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Implant Sciences [IMSC] 4Q14               4Q13               FY14               FY15               Sales                            $1.5M              $2.4M              $8.63M            $12M Net Inc.                       ($5.7M, 0.09)  ($5.5M, 0.10)($21M, 0.35)     ($27.4M, 0.56) Losses in the quarter widened on lower sales, higher operating expenses and increased interest expense, partially offset by a $1.3 million decrease in stock-based compensation expense. Sales fell 36% due to a 40% decline in sales of the QS-B220 desktop explosives trace detector (ETD) and a 21% decline in the number of QS-H150 handheld ETD units sold.…

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Contract Updates

Chandler Construction Services Inc. (Ninety Six, South Carolina) – $16,471,000

Chandler Construction Services Inc., Ninety Six, South Carolina, was awarded a $16,471,000 firm-fixed-price contract for the furnishing, installing, and placing into successful operation of water main pipe. The amount of this action is $16,471,000. Bids were solicited via the internet…

M1 Support Services LP (Denton, Texas) – $68,822,271

M1 Support Services LP, Denton, Texas, was awarded a $68,822,271 modification (P00206) to contract W9124G-17-C-0104 for Army and Air Force aviation maintenance. The modification brings the total cumulative face value of the contract to $5,522,349,151. Work will be performed at…

Lake Union Drydock Co. (LUDC) (Seattle, Washington) – $12,683,144

Lake Union Drydock Co.* (LUDC), Seattle, Washington, is awarded a $12,683,144 firm-fixed-price contract for the maintenance, repair and preservation of YTT-10 (YTT-9 Cape Flattery-class torpedo trials craft) service life extension program. This contract includes options which, if exercised, would bring…

Innovative Professional Solutions Inc. (Panama City Beach, Florida) – $13,631,598

Innovative Professional Solutions Inc.,* Panama City Beach, Florida, is awarded a $13,631,598 firm-fixed price/cost-only contract for fabrication and installation of minesweeping winches.  This contract includes supplies for the government of the Republic of Korea (100%) under the Foreign Military Sales…

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