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Last $0.33 USD
Change Today -0.0199 / -5.69%
Volume 16.1K
As of 3:54 PM 06/2/15 All times are local (Market data is delayed by at least 15 minutes).

abakan inc (ABKI) Snapshot

Open
$0.36
Previous Close
$0.35
Day High
$0.36
Day Low
$0.33
52 Week High
06/3/14 - $1.52
52 Week Low
01/22/15 - $0.25
Market Cap
26.2M
Average Volume 10 Days
29.4K
EPS TTM
$-0.08
Shares Outstanding
79.5M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for ABAKAN INC (ABKI)

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abakan inc (ABKI) Details

Abakan Inc., a development stage company, designs, develops, manufactures, and markets nanocomposite materials, fabricated metal products, engineered metal composites, and engineered reactive materials for applications in the oil and gas, petrochemical, mining, aerospace and defense, energy, infrastructure, and processing industries primarily in the United States. The company offers PComP, a family of nanocomposite cermet coating materials that are used to impart wear and corrosion resistance and to restore dimensions of worn metal components. Its products include PComP T, a titanium carbo-nitride based high corrosion/wear resistant and low friction high velocity oxygen fuel coating; PComP S, a silicon-nitride based hard chrome replacement solution for aerospace applications; PComP W, a nano-engineered tungsten carbide coating solution for thermal spray coatings; PComP –M, a hierarchically structured molybdenum boride coating for use in liquid metal corrosion applications; ZComP, a nanocomposite thermal barrier coating; and CermaClad, a technology that is used to produce coatings that protect metal, primarily carbon steel, from wear and corrosion. The company was founded in 2006 and is headquartered in Miami, Florida.

abakan inc (ABKI) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $120.0K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $96.0K
Vice President of Marketing
Total Annual Compensation: $55.0K
Compensation as of Fiscal Year 2014.

abakan inc (ABKI) Key Developments

Abakan Inc. Enters into a Settlement Agreement with Sonoro Invest S.A

Abakan Inc. announced that it has entered into a Settlement Agreement with Sonoro Invest S.A. in connection with a dispute regarding promissory notes for an aggregate principal amount of $2,105,000, which caused Sonoro to file a lawsuit against Abakan on October 1, 2014, in the United States District Court for the Southern District of Florida. The settlement with Sonoro provides that all existing promissory notes between the parties be cancelled and replaced with a new senior convertible promissory note in the amount of $2,915,000 with interest at 5% payable in full on February 29, 2016. Should Abakan prepay the new note, on or before July 31, 2015, the amount required to satisfy the note will decrease to $2,700,000, plus interest, without any penalty. While the note is outstanding it is convertible, at the sole option of Sonoro, into units of Abakan at $1.00 per unit, each unit consists of one share and 1/2 of a warrant, each full warrant entitles the holder to purchase an additional share of Abakan for $1.50. The Note ranks senior to any other indebtedness, except with respect to existing secured creditors including George Town Associates S.A. Nevertheless, the Sonoro settlement allows Abakan to enter into additional secured indebtedness on substantially the same terms as it has with George Town, for the purpose of satisfying amounts due to George Town, if such indebtedness is secured from certain lenders or from within a certain classification of lenders.

Abakan, Inc. announced delayed 10-Q filing

On 04/14/2015, Abakan, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

Abakan Appoints Stephen Goss as Chief Operating Officer

Abakan, Inc. announced that, effective January 1, 2015, the company has appointed Mr. Stephen Goss as its Chief Operating Officer. Mr. Goss will continue to serve as the Chief Executive Officer of Abakan's subsidiary MesoCoat, Inc. Mr. Goss serves as a director of Gemocasha, S.A.

 

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Industry Analysis

ABKI

Industry Average

Valuation ABKI Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 27.6x
Price/Book 6.4x
Price/Cash Flow NM Not Meaningful
TEV/Sales 21.8x
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