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For the fiscal year ended 29 February 2016, American Commerce Solutions, Inc. revenues decreased 8% to $2.1M. Net loss increased 32% to $245K. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Other income (expense) decrease of 83% to $5K (income).
Period Ending: | Feb 29, 2016 | Nov 30, 2015 | Aug 31, 2015 | May 31, 2015 |
---|---|---|---|---|
Total Revenue | 0.5 | 0.5 | 0.54 | 0.51 |
Gross Profit | 0.24 | 0.26 | 0.28 | 0.27 |
Operating Income | -0.06 | -0.06 | -0.04 | -0.04 |
Net Income | -0.07 | -0.07 | -0.06 | -0.05 |
Period Ending: | Feb 29, 2016 | Nov 30, 2015 | Aug 31, 2015 | May 31, 2015 |
---|---|---|---|---|
Total Assets | 4.76 | 4.77 | 4.81 | 4.88 |
Total Liabilities | 3.28 | 3.2 | 3.2 | 3.2 |
Total Equity | 1.48 | 1.57 | 1.61 | 1.68 |
Period Ending: | Feb 29, 2016 | Nov 30, 2015 | Aug 31, 2015 | May 31, 2015 |
---|---|---|---|---|
Period Length: | 12 Months | 9 Months | 6 Months | 3 Months |
Cash From Operating Activities | -0.03 | -0.01 | -0.01 | 0.01 |
Cash From Investing Activities | -0.11 | -0.1 | -0.08 | -0.06 |
Cash From Financing Activities | 0.14 | 0.09 | 0.05 | 0.02 |
Net Change in Cash | -0.01 | -0.02 | -0.03 | -0.02 |
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