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Last $2.05 USD
Change Today 0.00 / 0.00%
Volume 100.0
As of 8:10 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

qkl stores inc (QKLS) Key Developments

QKL Stores Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

QKL Stores Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company net sales were $61,121,016 against $59,243,560 a year ago. Loss from operations was $4,819,475 against $2,001,158 a year ago. Loss before income taxes was $5,469,530 against $2,160,599 a year ago. Net loss was $5,480,887 against $1,692,207 a year ago. Basic and diluted loss per share was $3.60 against $1.11 a year ago. For the nine months, the company net sales were $198,809,303 against $215,296,669 a year ago. Loss from operations was $9,335,070 against $3,030,366 a year ago. Loss before income taxes was $12,279,140 against $3,258,131 a year ago. Net loss was $12,300,236 against $2,743,148 a year ago. Basic and diluted loss per share was $8.08 against $1.76 a year ago. Net cash provided by operating activities was $16,875,654 against $26,286,202 a year ago. Purchases of property, plant and equipment was $3,229,057 against $787,373 a year ago.

QKL Stores Inc. to Report Q3, 2014 Results on Nov 14, 2014

QKL Stores Inc. announced that they will report Q3, 2014 results at 8:30 AM, US Eastern Standard Time on Nov 14, 2014

QKL Stores Inc., Q3 2014 Earnings Call, Nov 14, 2014

QKL Stores Inc., Q3 2014 Earnings Call, Nov 14, 2014

QKL Stores Inc. Files Certificate of Amendment to the Certificate of Incorporation

On October 17, 2014, QKL Stores Inc. filed a Certificate of Amendment to the Company's Certificate of Incorporation, as amended to date, with the Secretary of State of the State of Delaware to reduce the number of authorized shares from 200,000,000 shares to 6,000,000 shares. As a result of the amendment, the total number of shares which the Company shall have the authority to issue is 6,000,000, consisting of 5,000,000 shares of common stock, par value $0.001 per share and 1,000,000 shares of preferred stock, par value $0.01 per share.

QKL Stores Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

QKL Stores Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company loss from operations was $2,734,161, loss before income taxes was $3,759,032, net loss of $3,762,899, comprehensive loss of $3,741,897 or $2.47 diluted loss per share on net sales of $51,655,611 against loss from operations was $1,826,107, loss before income taxes was $1,790,396, net loss of $1,454,211, comprehensive loss of $1,006,938 or $0.96 diluted loss per share on net sales of $58,995,918 for the same period a year ago. The change in Net Sales were primarily attributable to the same store sales. For the six months, the company loss from operations was $4,515,595, loss before income taxes was $6,809,610, net loss of $6,819,349, comprehensive loss of $7,551,520 or $4.48 diluted loss per share on net sales of $137,688,287 against loss from operations was $1,029,208, loss before income taxes was $1,097,532, net loss of $1,050,941, comprehensive income of $582,112 or $0.69 diluted loss per share on net sales of $156,053,109 for the same period a year ago. Net cash provided by operating activities was $20,166,816 against $29,458,919 for the same period a year ago. Purchases of property, plant and equipment was $1,603,149 against $538,595 for the same period a year ago.

 

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