Reconditioned Systems Inc. Reports Unaudited Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2013
Reconditioned Systems Inc. reported unaudited earnings results for the fourth quarter and full year ended March 31, 2013. For the quarter, the company reported sales of $2,552,275 compared to $2,613,635 a year ago. Net income before provision for income taxes and loss on investment was $69,104 compared to loss of $230,835 a year ago. Net income was $41,964 or $0.04 per diluted share compared to net loss of $123,741 or $0.12 per diluted share a year ago.
For the year, the company reported sales of $10,830,144 compared to $12,789,002 a year ago. Net income before provision for income taxes and loss on investment was $281,969 compared to $520,517 a year ago. Net income was $173,871 or $0.17 per diluted share compared to $348,871 or $0.34 per diluted share a year ago.