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Silver America (OTCBB: SILA) $1.35. Announced on Monday the appointment of seasoned Mining Engineer, Mark See, to the Company's growing management team in the role of VP of Exploration. Mark brings over 23 years of experience in exploration, mining and the petroleum industries. He was selected by The "Engineering News Record" as one of the Top 25 Engineers in North America for his engineering innovations.
His tenure in the mining industry includes experience with major producers and projects, including acting as Mine Manager for Rio Tinto ($94B NYSE-traded producer of gold and silver), Projects Manager of the "Alberta Oil Sands Projects" at Fort McMurray, COO of PetroTech Resources Inc, and Engineering Intern with Gold Fields Ltd. ($8.9B NYSE-traded South Africa gold producer). Mark is a member of the Canadian Institute of Mining, Metallurgy & Petroleum; the Society of Mining Engineers; and the Society of Petroleum Engineers; and is a graduate of the Mackay School of Mines at the University of Nevada Reno in Mining Engineering.
Mark is also the owner of Waitman Forrest Resources LLC, which identifies, assesses and manages gold, silver, base and PG metals exploration and development properties, and the Chairman of Laredo Oil, Inc., a domestic oil exploration, re-development and production company.
What They Do: Silver America is a precious metals exploration company focused on the aggressive, ongoing acquisition and exploration of holdings with rich silver and gold production potential.
Autodesk (Nasdaq: ADSK) $30.35. Today announced financial results for the first quarter of fiscal 2011.
Revenue was $475 million, an increase of 4 percent sequentially and 11 percent compared to the first quarter of fiscal 2010.GAAP operating margin was 11 percent, a decrease from 12 percent in the fourth quarter of fiscal 2010 and an increase from negative 5 percent in the first quarter last year. Non-GAAP operating margin was 20 percent, a slight increase from the fourth quarter of fiscal 2010 and an increase from 13 percent in the first quarter last year. A reconciliation of GAAP and non-GAAP results is provided in the accompanying tables.
On a GAAP basis, diluted earnings per share were $0.16, compared to diluted earnings per share of $0.21 in the fourth quarter of fiscal 2010, and diluted loss per share of $0.14 in the first quarter of fiscal 2010. On a non-GAAP basis, diluted earnings per share were $0.29, compared to non-GAAP diluted earnings per share of $0.30 in the fourth quarter of fiscal 2010, and non-GAAP diluted earnings per share of $0.18 in the first quarter of fiscal 2010. Cash flow from operations was $139 million, an increase of 11 percent sequentially and 411 percent compared to the first quarter of fiscal 2010.
What They Do: Autodesk is a world leader in 3D design, engineering and entertainment software for the manufacturing, building and construction, and media and entertainment markets.
RINO International (Nasdaq: RINO) $12.40. Today announced the Company's financial results for the first quarter of 2010.
Net revenues for the first quarter ended March 31, 2010 increased 34.4% to $47.9 million as compared to $35.6 million for the first quarter in 2009. Revenue growth was driven by continued growth in demand across its three major product lines. Specifically, the Company recorded $33.9 million in desulphurization revenues, an increase of 32.0% from $25.7 million in same period 2009, with $4.8 million related to the Huanan Lianyuan DXT project; $10.8 million in wastewater treatment system sales, an increase of 49.1% over the first quarter in 2009; and $3.0 million in anti-oxidation equipment and coatings as compared to $2.4 million recorded in the same period in 2009.
GAAP net income for the first quarter of 2010 was $18.7 million, representing an increase of 49.6% as compared to $12.5 million reported in the same period in the prior year. GAAP earnings were $0.65 per diluted share for the first quarter of 2010 as compared to $0.50 per diluted share for the same period last year, based on 28.6 million and 25.0 million weighted average shares outstanding, respectively. Excluding a $10.2 million gain for the change in the fair value of warrants and $19,496 stock compensation expense for the first quarter of 2010, adjusted net income (Non-GAAP) was $8.5 million, with adjusted earnings per diluted share of $0.30.
What They Do: RINO International through its subsidiaries and controlled affiliates, designs, manufactures, installs and services proprietary and patented wastewater treatment, desulphurization equipment, and high temperature anti-oxidation systems for iron and steel manufacturers in China.
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