Financial Information
Financial Highlights
Outstanding 2007 Results
2006 Results
Continuing strong 2007 third quarter sales of Go- Kart beach vehicles contributed to a 470% sales increase to $8,854,668 compared with $1,552,217 in the same period last year. Net income grew 587% from $126,908 or $0.01 per share, in last year's third quarter, to $871,498, or $0.04 per share in the third quarter of 2007. Through the first nine months of 2007, sales rose approximately 311% to $26,022,205 while net income grow nearly ten-fold to $3,727,193 or $0.25 per share.
Full Year Outlook
In its third quarter release, the Company stated that "it expects full year revenues, excluding possible car sales this year, to reach approximately $39 million, which would be more than a 150% increase over the approximately $14.5 million in revenues achieved in 2006. Full year net income also is expected to grow substantially, to in excess of $5 million, as compared with reported net income in 2006 of $1.1 million."