Commonwealth Income and Growth Fund Vi  (CIGF6)
Other Ticker:  
    Sector  Services    Industry Rental & Leasing
   Industry Rental & Leasing
   Sector  Services
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 Market Capitalization (Millions $) -
 Shares Outstanding (Millions) 2
 Employees 45
 Revenues (TTM) (Millions $) 0
 Net Income (TTM) (Millions $) 0
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 0

Commonwealth Income And Growth Fund Vi

Commonwealth Income & Growth Fund VI (the “Partnership”) is a limited partnership organized in the Commonwealth of Pennsylvania on January 6, 2006. The Partnership offered for sale up to 2,500,000 units of the limited partnership at the purchase price of $20 per unit (the “offering”). The Partnership reached the minimum amount in escrow and commenced operations on May 10, 2007. The offering terminated on March 6, 2009 with 1,810,311 units sold for a total of approximately $36,000,000 in limited partner contributions.

The Partnership was formed for the purpose of acquiring various types of equipment, including computer information technology and other similar capital equipment. The Partnership utilized the net proceeds of the offering to purchase information technology and other similar capital equipment. The Partnership has utilized retained proceeds and debt financing (not in excess of 30% of the aggregate cost of the equipment owned or subject to conditional sales contract by the Partnership at the time the debt is incurred) to purchase additional equipment. The Partnership acquires and leases equipment principally to U.S. corporations and other institutions pursuant to operating leases. The Partnership retains the flexibility to enter into full payout net leases and conditional sales contracts, but has not done so.

The Partnership’s principal investment objectives are to:

acquire, lease and sell equipment to generate revenues from operations sufficient to provide annual cash distributions to Limited Partners;

preserve and protect Limited Partners’ capital;

use a portion of cash flow and net disposition proceeds derived from the sale, refinancing or other disposition of equipment to purchase additional equipment; and

refinance, sell or otherwise dispose of equipment in a manner that will maximize the proceeds to the Partnership.

The Partnership invests in various types of equipment subject to leases. Our investment objective is to acquire primarily high technology equipment including, but not limited to: servers, desktops, laptops, workstations, printers, copiers, and storage devices. Our General Partner believes that dealing in high technology equipment is particularly advantageous due to a robust aftermarket. Information technology has developed rapidly in recent years and is expected to continue to do so. Technological advances have permitted reductions in the cost of computer processing capacity, speed, and utility. In the future, the rate and nature of equipment development may cause equipment to become obsolete more rapidly.

We also may acquire high technology medical, telecommunications and inventory management equipment. Our General Partner will seek to maintain an appropriate balance and diversity in the types of equipment acquired. The medical equipment we acquire may consist of IV pumps, long acute care beds, CT scanners, MRIs, flow cytometers, and other medical technology devices. The telecom equipment we acquire may include Cisco switches, routers, blade switches, wireless access points, and video conferencing systems. The inventory management equipment we acquire may consist of inventory control systems, lift trucks and tractors. The market for high technology medical equipment is growing each year. Generally this type of equipment will have a longer useful life than information technology equipment. This allows for increased re-marketability, if it is returned before its economic or announcement cycle is depleted.

Other Equipment-Restrictions. The Partnership generally acquires information technology, telecommunications, medical technology and inventory management equipment. The General Partner is also authorized to cause the Partnership to invest in other types of business-essential capital equipment. The Partnership may not invest in any of such other types of equipment (i) to the extent that the purchase price of such equipment, together with the aggregate purchase price of all such other types of equipment then owned by the Partnership, is in excess of 25% of the total cost of all of the assets of the Partnership at the time of the Partnership’s commitment to invest therein and (ii) unless the General Partner determines that such purchase is in the best economic interest of the Partnership at the time of the purchase. There can be no assurance that any equipment investments can be found which meet this standard. Accordingly, there can be no assurance that investments of this type will be made by the Partnership.

   Company Address: 4532 US Highway 19 New Port Richey 34652 FL
   Company Phone Number: 249-3700   Stock Exchange / Ticker: CIGF6
   CIGF6 is expected to report next financial results on May 22, 2024.

Customers Net Income fell by CIGF6's Customers Net Profit Margin fell to

-37.13 %

6.55 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


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Commonwealth Income And Growth Fund Vi

Shortfall in Revenue Growth Raises Concerns for Commonwealth Income And Growth Fund Vi

As a financial analyst at The , it is my duty to interpret and analyze the financial results of companies. Today, we take a closer look at the recent financial performance of Commonwealth Income And Growth Fund Vi for the interval closing September 30, 2023. This report provides insight into the company's deficit per share, revenue growth, and overall business performance.
Deficit per Share and Revenue Growth:
In the specified interval, Commonwealth Income And Growth Fund Vi experienced an increase in deficit per share. The deficit per share rose from $-0.03 in the previous year to $-0.04 this year. Furthermore, there was also an increase in the deficit from $-0.02 per share in the previous quarter. While this is concerning, it is essential to delve deeper into the numbers and examine other aspects of the financial results.
On the revenue front, Commonwealth Income And Growth Fund Vi witnessed a growth of 5.979% from $0.04 million to $0.04 million in the comparable quarter of the previous year. However, on a sequential basis, there was a decline of -27.959% from $0.06 million. These figures indicate a challenging market environment for the company, requiring further investigation of potential factors impacting their revenue stream.

Commonwealth Income And Growth Fund Vi

A Remarkable Turnaround: Commonwealth Income And Growth Fund VI Reports 50% Reduction in Loss per Share at -$0.02, While Revenue Surges by 90%!

Commonwealth Income And Growth Fund VI (CIGF-VI) is a financial investment fund that has recently released its financial results for the fiscal interval ending June 30, 2023. The fund reported a loss of $-0.02 per share, a significant improvement compared to the loss of $-0.04 per share in the previous year and a substantial increase from $0.00 per share in the preceding reporting season.
Despite the loss per share, the fund's revenue saw a strong increase of 90.072% to $0.06 million from $0.03 million in the same reporting season a year before. Additionally, the revenue sequentially advanced by 10.853% from $0.06 million, indicating steady growth in the fund's operations.
In terms of net deficit, Commonwealth Income And Growth Fund VI reported a deficit of $-0.035 million for the fiscal interval ending June 30, 2023, a significant improvement from the deficit of $-0.066 million in the same reporting season a year ago. This shows that the fund has been able to better manage its expenses and control its losses.

Commonwealth Income And Growth Fund Vi

Commonwealth Income And Growth Fund VI Reports 29.528% Revenue Upsurge Amidst Stagnant Profitability in Q1 2023

The recently released financial results of Commonwealth Income And Growth Fund Vi for the fiscal interval ending March 31, 2023, present an intriguing picture. Despite a significant surge in revenue, the company failed to generate profits, recording a break-even at $0.00 per share. This article will explore the implications of the financial results and speculate on their potential impact on the company's future.
Revenue Growth and Profitability:
During the reported fiscal interval, Commonwealth Income And Growth Fund Vi witnessed a noteworthy increase in revenue, soaring by 29.528% to $0.06 million compared to the same period last year. However, this surge in revenue did not translate into improved profitability, as the company reported a break-even rather than a profit. This outcome raises questions about the factors responsible for suppressing profit margins despite the substantial revenue growth.


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