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For the fiscal year ended 31 December 2008, Universal Energy Corp. revenues increased from $1K to $678K. Net income before extraordinary items totaled $620K vs. loss of $14M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net Income reflects Change in value of embedded derivative increase from $940K to $22.1M (income).
Period Ending: | Jun 30, 2008 | Mar 31, 2008 | Dec 31, 2007 | Sep 30, 2007 |
---|---|---|---|---|
Total Revenue | 0.33 | 0.09 | 0 | 0 |
Gross Profit | 0.17 | 0.07 | 0 | 0 |
Operating Income | -0.61 | -0.78 | -3.77 | -0.75 |
Net Income | 2.94 | 0.59 | -7 | -4.32 |
Period Ending: | Jun 30, 2008 | Mar 31, 2008 | Dec 31, 2007 | Sep 30, 2007 |
---|---|---|---|---|
Total Assets | 4.02 | 3.55 | 4.79 | |
Total Liabilities | 12.69 | 13.6 | 2.65 | |
Total Equity | -8.67 | -10.05 | 2.14 |
Period Ending: | Jun 30, 2008 | Mar 31, 2008 | Dec 31, 2007 | Sep 30, 2007 |
---|---|---|---|---|
Period Length: | 0 Months | 3 Months | 12 Months | 9 Months |
Cash From Operating Activities | 0.27 | -2.7 | -4.21 | |
Cash From Investing Activities | -0.9 | -4.85 | -1.67 | |
Cash From Financing Activities | 0.47 | 7.33 | 5.74 | |
Net Change in Cash | -0.16 | -0.22 | -0.14 |
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