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Chase Packaging Corporation (CPKA) |
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Price: $0.0000
$0.00 
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| Day's High:
| 0.00
| Week Perf:
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| Day's Low: |
$ 0.00 |
30 Day Perf: |
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| Volume (M): |
0 |
52 Wk High: |
$ 0.00 |
| Volume (M$): |
$ 0 |
52 Wk Avg: |
$0.00 |
| Open: |
$0.00 |
52 Wk Low: |
$0.00 |
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| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
62 |
| Employees |
- |
| Revenues (TTM) (Millions $) |
- |
| Net Income (TTM) (Millions $) |
0 |
| Cash Flow (TTM) (Millions $) |
0 |
| Capital Exp. (TTM) (Millions $) |
0 |
Chase Packaging Corporation
The Company is a Texas corporation which, prior to 1998, was engaged in the
specialty packaging business, primarily as a supplier of packaging products
to the agricultural industry. During 1997, the Company commenced an orderly
liquidation of its assets which was completed in 1997. At present, management
of the Company is seeking to secure a suitable merger partner wishing to go
public or to acquire private companies to create investment value for the Company.
The Company was established in July of 1993 as a wholly-owned subsidiary of
Dawson Geophysical Company ("Dawson" and formerly known TGC Industries,
Inc.). On July 30, 1993, the Company purchased certain assets of Union Camp
Corporations packaging division for a purchase price of approximately $6.14
million. The assets purchased included substantially all of the business of
weaving and constructing Saxolin Ò paper mesh and polypropylene plastic
mesh bagging material for agricultural and industrial applications and substantially
all of the properties related to Union Camps packaging division. The properties
acquired by Chase consisted of Union Camps plant facilities located in Portland,
Oregon, and Idaho Falls, Idaho, and all machinery, equipment, and inventories
connected with these facilities.
The Company experienced losses from 1994 through 1997, and in 1997 the Companys
secured lender decided not to renew the Companys operating line of credit.
The Companys Board of Directors therefore determined that it was in the best
interest of the Company and all of its creditors to liquidate in an orderly
fashion.
Effective July 21, 1997, the Company sold its operations at Idaho Falls, Idaho,
to Lockwood Packing Corporation ("Lockwood"). The assets sold included
substantially all of the Companys equipment, furniture, fixtures, and other
assets located in the Idaho Falls, Idaho, facility for a total of $75,000. In
addition, the Company sold inventory from the Idaho Falls operation to Lockwood
for $255,000. The proceeds from these sales were used to reduce the Companys
loan balance with its lender.
On July 25, 1997, the Company notified its creditors by mail that the Company
would begin an orderly liquidation of all of its remaining assets, outside of
a formal bankruptcy or receivership proceeding, in a manner intended to maximize
the asset values. The Company retained the firm of Edward Hostmann, Inc. to
assist the Company in such liquidation which was completed during 1997.
Company Address: PO Box 126 Rumson 7760 NJ
Company Phone Number: 741.1500 Stock Exchange / Ticker: CPKA
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Customers Net Income fell by |
CPKA's Customers Net Profit Margin fell to |
-48.91 % |
2.87 %
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| Stock Performances by Major Competitors |
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| Chase Packaging Corporation
As the first quarter of the 2024 earnings season comes to a close, various corporations in the Agricultural Production industry have reported their respective earnings. One such company is CPKA, which recently disclosed an operating loss of $-0.039137 million. While this may seem concerning at first glance, it is crucial to analyze the broader picture and delve deeper into the numbers.
In comparison to the first quarter of 2023, CPKA's operating loss has worsened from $-0.015839 million. However, it is important to note that this is only a snapshot of the company's financial performance and does not tell the whole story. What the analysts are truly interested in is when CPKA will begin generating revenue. The good news is that there are promising signs indicating a potential turnaround for the company.
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| Chase Packaging Corporation
The Agricultural Production sector closely analyzes the financial performance of companies operating within it. In this regard, the recent third-quarter numbers of Chase Packaging Corporation have gained attention among industry observers. Despite not revealing any details regarding their top-line, the company's operating income of $0.012128 million for the July to September 2023 quarter is seen as encouraging news, especially when compared to the same period in the previous year. This positive development has sparked investor affirmation and points towards a potentially strong performance for Chase Packaging Corporation.
Operating Income Surge
The most recent financial report of Chase Packaging Corporation for the third quarter of 2023 reveals a significant surge in operating income. The operating income of $0.012128 million marks an improvement, as it surpassed the figure from the corresponding period in the previous year, which stood at -$0.015546 million. This positive growth has reassured investors and market participants, leading to increased confidence in Chase Packaging Corporation (CPKA).
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| Chase Packaging Corporation
The Chase Packaging Corporation recently released its financial results, offering insights into the company's performance during the April to June 2023 earnings cycle. This article aims to interpret the financial figures and analyze their potential impact on the company's future.
1. Shareholders anticipate no revenue modifications:
Shareholders had not anticipated any revenue changes during the April to June 2023 earnings cycle. This suggests that they expected the company to maintain its revenue levels during this period.
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| Chase Packaging Corporation
Bearish investors, consumer analysts, shareholders, and financial observers are eyeing Chase Packaging Corporation's recent financial performance with increasing apprehension. The company's 12-month performance ending in the first quarter of 2023 resulted in a cumulative net loss of $-1 million, a disappointing outcome for investors who expected better results. When compared to the agricultural sector, which has seen employees of nineteen other companies reaching higher income per employee, Chase Packaging's overall ranking has deteriorated compared to the fourth quarter of 2022, dropping to 19.
The company's operating shortfall of $-0.015839 million during the matching period is considered a small victory by some; however, kind words cannot mask the failing financial performance of Chase Packaging Corporation. It is a modest improvement over the $-0.022101 million shortfall reported during the first quarter of 2022, but given the meagre amount, their shareholders have little to cheer. With the company facing a deficit of $-0.635 million during the January to March 31, 2023, reporting cycle, Chase Packaging Corporation has continued to clock the losses, with no respite in sight.
A lack of positive news is essential to bearish investors like us, and our analysis of Chase Packaging Corporation's current situation suggests that the company is likely to struggle to return to profitability in the near future. The expected moderation in the top-line suggests that the company is not likely to boost its revenue. The company's performance indicates that the CEO is on a quest for numerous corporate policies, consecutively to assure the consistent product line. However, even with these policies and changes in their operations, it seems highly unlikely that the company will return to profitability soon based on their financial reportsThe company's financial metrics suggest that Chase Packaging Corporation's outlook is bleak. With a swelling deficit, we believe that the company's performance is unlikely to improve significantly until the corporate measures put in place by its CEO start having an effect on profitability. The company's inability to turn its report card around has frustrated investors who had believed that better times were on the horizon for Chase Packaging Corporation.
The company's financial performance leaves a lot to be desired, and the next financial report, expected on July 31, 2023, may spark additional concerns for shareholders and investors. The bearish outlook on Chase Packaging Corporation remains firmly in place, and we believe that it is best for investors to steer clear of this struggling company until it shows consistent improvement in its operations and performance metrics.
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| Per Share |
Current |
| Earnings (TTM) |
0.01 $ |
| Revenues (TTM) |
-
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| Cash Flow (TTM) |
- |
| Cash |
-
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| Book Value |
0.01 $
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| Dividend (TTM) |
0 $ |
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| Per Share |
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| Earnings (TTM) |
0.01 $
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| Revenues (TTM) |
- |
| Cash Flow (TTM) |
- |
| Cash |
-
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| Book Value |
0.01 $ |
| Dividend (TTM) |
0 $ |
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1.72% 