DAC TECHNOLOGIES GROUP INTERNATIONAL, INC.
Condensed Statements of Operations (Consolidated)
For The Three Months Ended September 30, 2006 and 2005
$ Increase % Increase
2006 2005 (Decrease) (Decrease)
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Net sales $ 3,936,195 $ 3,193,129 $ 743,066 23%
Cost of sales 2,539,587 2,033,405 506,182 25%
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Gross profit 1,396,608 1,159,724 236,884 20%
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Operating expenses
Selling 293,594 218,735 74,859 34%
Shipping and warehouse 211,031 154,693 56,338 36%
General and
administrative 270,015 263,169 6,846 3%
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Total operating expenses 774,640 636,597 138,043 22%
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Income from operations 621,968 523,127 98,841 19%
Other income (expense)
Interest expense (79,774) (57,586) 22,188 39%
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Income before income tax
provision 542,194 465,541 76,653 16%
Provision for income taxes 201,006 184,804 16,202 9%
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Net income $ 341,188 $ 280,737 $ 60,451 22%
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Basic and diluted earnings
per share $ 0.06 $ 0.05 $ 0.01 20%
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About DAC:
DAC Technologies Group International, Inc. is an outsource manufacturer of
high quality, reasonably priced security safes, gunlocks, gun cleaning kits
and security products, as well as accessory items for the sporting goods
market. DAC distributes its products through mass merchandisers such as
Wal-Mart and Kmart, and sporting goods retailers and distributors such as
Dick's, Big Five, Cabela's, Acusport, Jerry's, RSR and others. DAC also
provides gunlocks to OEM gun manufacturers such as Glock, SigArms, Savage,
Marlin and Taurus, as well as others. Also, DAC's products are distributed
through catalog companies.
The Private Securities Reform Act of 1995 provides a "safe harbor" for
forward-looking statements. Certain information included in this press
release (as well as information included in written statements to be made)
contain statements that are forward-looking, such as those relating to
consummation of the transaction, anticipated future revenue of the
Company's and success of current public offerings. Such forward-looking
information involves important risks and uncertainties that could
significantly affect anticipated results in the future and, accordingly,
such results may differ materially from those expressed in any
forward-looking statements.
Contact Information: For Shareholder Information please call: 1-800-920-0098 Email Contact