Last $0.03 USD
Change Today -0.0047 / -13.51%
Volume 7.0K
As of 8:10 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

tx holdings inc (TXHG) Snapshot

Open
$0.03
Previous Close
$0.03
Day High
$0.03
Day Low
$0.03
52 Week High
03/4/14 - $0.11
52 Week Low
01/23/15 - $0.02
Market Cap
1.4M
Average Volume 10 Days
14.5K
EPS TTM
$-0.0020
Shares Outstanding
48.1M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
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Current Stock Chart for TX HOLDINGS INC (TXHG)

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tx holdings inc (TXHG) Details

TX Holdings, Inc. supplies, distributes, and sells drill bits, related tools, and other mining supplies and rail material to coal mining industry in the United States. It distributes and sells drilling supplies products, such as drill steel used for drilling holes for bolts, supporting mine ceilings; drill bit products and accessories for use in hard and soft rock mining operations; tungsten carbide drill bits and augurs; and related tools. The company also offers tee rails, which are used in railroad tracks for the transportation of coal by coal mine operators; steel ties for use in securing rail; switches; and related accessories and tools. It sells its products directly to resellers; and through independent sales agents to coal mine operators primarily in Ohio, Pennsylvania, Kentucky, and West Virginia. The company was formerly known as R Wireless, Inc. and changed its name to TX Holdings, Inc in July 2005. TX Holdings, Inc. was incorporated in 2000 and is headquartered in Ashland, Kentucky.

3 Employees
Last Reported Date: 11/18/14
Founded in 2000

tx holdings inc (TXHG) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $60.0K
Chief Financial Officer
Total Annual Compensation: $104.0K
Compensation as of Fiscal Year 2014.

tx holdings inc (TXHG) Key Developments

TX Holdings Inc. Announces Unaudited Consolidated Financial Results for the First Quarter Ended Dec. 31, 2014

TX Holdings Inc. announced unaudited consolidated financial results for the first quarter ended Dec. 31, 2014. The company's revenue decreased during the first quarter 2015 due to lower sales demand in the industry for coal supplies, resulting in reporting a first quarter loss. Revenue for first quarter 2015 was $640,788, a decrease of $257,093 or 28.6% compared to 2014. Net loss for first quarter of 2015 was $145,283 compared to a net profit in the same quarter of 2014 of $19,647. Earnings per diluted share was $0.00 remaining unchanged from 2014. Cash used in operating activities for first quarter 2015 was $151.048 as compared to $25,319 during the first quarter of 2014. The increase was a direct result of the $145,283 net loss incurred by the company during the current quarter. Purchase of equipment was $2,408. Loss from operations was $119,808 against $50,070 during the first quarter of 2014. Loss before provision for income taxes was $145,283 against income of $19,647 during the first quarter of 2014.

TX Holdings Inc. Reports Earnings Results for the Full Year Ended September 30, 2014

TX Holdings Inc. reported earnings results for the full year ended September 30, 2014. For the period, the company’s revenue was $4,285,620 against $4,894,529 a year ago. Loss from operations was $37,383 against income from operations of $384,348 a year ago. Income before provision for income taxes was $341,300 against loss of $326,977 a year ago. Net income was $341,300 or $0.01 basic and diluted per share against $326,977 or $0.01 basic and diluted per share a year ago. Net cash used in operating activities was $291,920 against $240,084 a year ago. The increase was a direct result of continued efforts to increase finished goods inventory by $912,548 from prior year-end levels to meet projected increases in sales demand and an increase in accounts receivable of $95,037. Purchase of equipment was $46,015 against $13,144 a year ago.

TX Holdings Inc. Auditor Raises 'Going Concern' Doubt

TX Holdings Inc. filed its 10-K on Nov 18, 2014 for the period ending Sep 30, 2014. In this report its auditor, Turner, Stone & Company, LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

 

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TXHG

Industry Average

Valuation TXHG Industry Range
Price/Earnings 23.2x
Price/Sales 0.4x
Price/Book NM Not Meaningful
Price/Cash Flow 20.0x
TEV/Sales NM Not Meaningful
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