High Velocity Alternative Energy Corp (PINK:HVAE 0.0065 +14.0%) drove revenue of 6.6K for the quarter ending on March 31st, 2009. Gross profits came in at $763. Selling and administrative expenses of more than $28K led to a loss of more than $27K for the quarter enduing on March 31st.
It should be noted that High Velocity Alternative Energy Corp. acquires Reflectkote, Inc. in June, and will be changing its name and business interest as a result. Reflectkote manufactures reflective coating that can be applied anywhere, and it permanent.
Steadfast Holdings Group, Inc. (PINK:STDF 0.032 +39.1%), a manufacturer of aftermarket parts for light trucks and pickup trucks, filed its quarterly results this past weekend. Through the first six months of the fiscal year, Steadfast has generated $191K in revenue, $14K in gross profits, and incurred a net operating loss of $64K. A one-time write-off of $240K has pushed the year-to-date net loss to $324K.
STDF shares are up nearly 40 percent on the encouraging improvement.
Loans4less Com Inc. (PINK:LFLS 1.10 +0.0%), an online mortgage loan brokerage, filed its Q2 numbers today. For the first six months of the fiscal and colander year, Loans4Less generated revenue of $265K. Total operating expenses were $269K, leading to a year-to-date loss of just under $4000.
Though the near-breakeven is encouraging, with a market cap of more than $30 million, LFLS shares are hardly cheap.