Last $0.0050 USD
Change Today -0.004 / -44.44%
Volume 640.0K
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As of 8:10 PM 01/26/15 All times are local (Market data is delayed by at least 15 minutes).

ram power corp (RAMPF) Key Developments

Update On Ram Power Considering Multiple Strategic Alternatives

Ram Power, Corp. (TSX:RPG) confirming it has received a number of proposals, following the launch of a strategic review process by its Board of Directors. The Board of Ram Power formed a mergers and acquisitions committee to explore opportunities to increase operational efficiencies, strategic partnerships, asset sale opportunities and asset purchase opportunities. Ram Power said that it is working with stakeholders and potential investors to bring a transaction to conclusion.

Ram Power, Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Ram Power, Corp. reported earnings results for the third quarter and nine months ended September 30, 2014. For the quarter ended September 30, 2014, the company reported revenue of $12.9 million and a total loss and comprehensive loss of $3.6 million or $0.01 per share, compared to revenue of $11.2 million and a total loss and comprehensive loss of $13.9 million, or $0.05 per share, for third quarter 2013. The 15% increase in revenue resulted from wells offline for the drilling remediation program in 2013. Total loss and comprehensive loss for quarter ended September 30, 2014 was impacted by the non-cash depreciation and amortization expense of $6.6 million, deferred tax expense of $1.9 million, offset by unrealized foreign exchange gains on translation of the company's debentures of $2.2 million. Operating income was $2,434,869 against $835,617 a year ago. The company recognized a net loss of $16 million for the nine months ended September 30, 2014 compared to a net loss of $45.9 million for the same period in 2013, which resulted in a decreased loss of $29.9 million due to various factors, including $21 million decrease related to impairment losses on the Geysers project and $5.8 million decrease related to unrealized other gains and losses from foreign exchange and valuation of the Company's derivatives. Revenue for the nine months ended September 30, 2014 of $35.3 million was $1 million less than revenue for the same period in 2013 of $36.3 million. The drilling remediation program and turbine overhaul in 2014 contributed to the decline. For the nine months ended September 30, 2014, the Company had net operating cash inflows of $7.6 million, net investing cash inflows of $0.5 million and net financing cash outflows of $13.8 million, which combined for a net decrease in cash of $5.7 million. The company expended $6.7 million for additions to geothermal properties, principally related to San Jacinto drilling and turbine overhaul costs. Operating income was $5,015,014 against $5,406,488 a year ago. Total loss and comprehensive loss per share was $0.04 against $0.15 a year ago.

Ram Power, Corp. to Report Q3, 2014 Results on Nov 13, 2014

Ram Power, Corp. announced that they will report Q3, 2014 results at 5:00 PM, Eastern Standard Time on Nov 13, 2014

Ram Power, Corp. Announces Earnings Guidance Results for the Full Year of 2014

Ram Power, Corp. announced earnings guidance results for the full year of 2014. For the period, The company expects annual revenue for 2014 to be $47 million to $49 million, assuming average production of 50 to 52 megawatts net and company EBITDA of $31 million to $33 million.

Ram Power, Corp. Announces Financial Results for the Second Quarter and Six Months Ended June 30, 2014; Reports Loss on Impairment for the Quarter

Ram Power, Corp. announced financial results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenue of $11,720,327 against $13,201,640 a year ago. Operating income was $1,501,013 against $2,846,724 a year ago. Total loss and comprehensive loss was $11,047,080 or $0.03 per diluted share against $21,934,014 or $0.08 per diluted share a year ago. EBITDA of $8 million for the quarter ended June 30, 2014 declined 11% compared to EBITDA of $9 million for the same period in 2013. For the six months, the company reported total revenue of $22,443,631 against $25,100,370 a year ago. Operating income was $2,580,145 against $4,570,871 a year ago. Total loss and comprehensive loss was $12,357,552 or $0.03 per diluted share against $31,918,463 or $0.11 per diluted share a year ago. EBITDA for the first six months of 2014 of $15.5 million also declined by 11% compared to $16.8 million for the same period in 2013. For the six months ended June 30, 2014, the Company had net operating cash inflows of $4.3 million, net investing cash inflows of $2 million and net financing cash outflows of $10 million, which combined for a net decrease in cash of $3.7 million. For the quarter, the company reported loss on impairment of $97,915 against $18,663,852 a year ago.

 

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RAMPF Competitors

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Alterra Power Corp C$0.32 CAD -0.005
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Maxim Power Corp C$2.80 CAD +0.02
US Geothermal Inc $0.47 USD +0.017
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