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Xodtec Group USA Inc. - XODG
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Xodtec Group USA, Inc. (OTC Bulletin Board: XODG) ("the Company"), an Energy-Saving Lighting Solutions Provider based in Taiwan, today reported financial results for the three months ended August 31, 2009.
Second Quarter of Fiscal 2010 Highlights
-- Gross sales increased to $3,006,055 from $587,172 for the comparable
period in 2008.
-- Gross profit increased to $1,248,527 from $392,839 during the prior
year.
-- Operating income increased to $758,421 from $158,258 during the same
period in 2008.
-- Net income was $757,165 compared to $157,019 in the prior year.
-- Net income per common share was $0.05 basic and diluted, versus $0.02
for the prior year.
Revenue is derived from sales of our advanced lighting products and solutions. These products consist of solid-state LED lighting lamps, fixtures, and control systems. Besides the LED lighting related businesses, some of our revenue comes from our professional project management service such as energy-saving system design, landscape lighting design, and language globalization services.
About Xodtec Group USA, Inc.: Xodtec, a Nevada corporation, is an Energy-Saving Lighting Solutions Provider based in Taiwan. Xodtec provides high performance and cost-effective energy-saving LED solutions and traditional lighting products for private companies, public facilities, residential communities, factories and households, providing optimal energy-saving solutions that meet today's energy management requirements. Please visit our website Xodtec for detail company information.
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