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Farmers & Merchants Bancshares, Inc.  (FMFG)
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    Sector  Financial    Industry S&Ls Savings Banks
   Industry S&Ls Savings Banks
   Sector  Financial
 



EARNINGS REPORT by CSIMarket

Decline in Earnings while Revenues Grew

Farmers & Merchants Bancshares, Inc announced first quarter 2019 operating surplus of $1.350263 millions

Savings_Bank_By_Ccyyrree_(Own_work)__(Own_work)_[CC-BY-SA-3.0_(http_creativecommons.org_licenses_by-sa_3.0)]_via_Wikimedia_CommonsRevenue growth of 2.32 %, could not prevent income contraction of -2.99 % in the first quarter 2019, compare to same quarter a year ago. Revenues were at $4 millions and eps at $0.65.

In comparison to previous quarter eps decreased by -4.37 % from $0.68 per share and Revenues increased by 5.67 % from $4 millions.

Net income of $1 millions in the first quarter 2019 fell by -2.3 % from $1 millions in the corresponding period a year before. Farmers & Merchants Bancshares, Inc shifted it's focus on improving sales in the first quarter 2019, as a result net margin eased to 26.7%.


    Recently Reported Results
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Earnings Fell while Sales Grew

Amcon Distributing Co delivered mixed results in the third quarter, where Sales grew by 6 % to $369.98 millions in comparison to $349.04 millions on a year-over-year basis, while earnings decreased by -6.78 % to $1.10 per share, as comparison at $1.18 in the prior year quarter.

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factory_night_long_exposure_industry_power_industrial_energy_global-589754 Industrial production

Industrial production rebounded in May

The output of the nation's factories progressed again after dipping in the last month, as a decline in nondurable goods production didn't immediately impact total output.

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Sales and Earnings Unchanged

In the third quarter Globe Net Wireless Corp reached break-even of $-0.00 per share compare to $-0.00 a year ago and from $-0.00 per share from the previous quarter.

Sales remained unchanged to $0.00 millions from $0.00 millions in the same quarter a year ago and sequentially from $0.00 millions.

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Merrimack Pharmaceuticals Inc announced second quarter operating deficit of $-9.258 millions

In the second quarter Merrimack Pharmaceuticals Inc decreased loss at $-0.71 per share, compare to results of $-1.33 per share a year ago quarter, In the previous quarter company realized $-0.78 per share.

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Medical_ultrasound_examination_pd Delcath Systems, Inc.

Deficit Bigger Than a Year Ago, Topline Tumbles

Delcath Systems, Inc reported disastrous first quarter, where Sales faded by -61.54 % to $0.27 millions and loss per share has widen to $-0.11, from the same quarter a year ago.

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Warehouse_By Cayco_[CC-BY-SA-3.0_(http_creativecommons.org_licenses_by-sa_3.0)]_via_Wikimedia_Common Retail Inventories

U.S. industrial output on the rise again


workout_By_Nnu-12-22100541Tracy_(Own_work)_[CC-BY-SA-3.0_(http_creativecommons.org_licenses_by-sa_3.0)]_via_Wikimedia_Commons Productivity

Productivity accelerates

Productivity increased on the faster pace again, manily due to decrease in labor costs.

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Wages up 0.5 % in May spending ebbs

Americans cut back on spending in May and used a hefty increase in wages to pad their savings accounts, government data showed.

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Redemption of Losses, Topline Crumbles

In the second quarter Flex Pharma, Inc decreased loss of $-0.08 per share compare to $-0.50 a year ago and improved from $-0.12 per share from the previous quarter.

Sales faded by -40.11 % to $0.18 millions from $0.30 millions in the same quarter a year ago and sequentially Sales surged by 50.66 % from $0.12 millions.

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Sales and Earnings Unchanged

In the first quarter reached break-even of $0.00 per share compare to $0.00 a year ago and from $-0.00 per share from the previous quarter.

Sales remained unchanged to $0.00 millions from $0.00 millions in the same quarter a year ago and sequentially from $0.00 millions.

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Ironclad Encryption Corp announced forth quarter operating deficit of $-2.028366 millions

In the forth quarter Ironclad Encryption Corp increased losses of $-0.04 per share compare to $0.00 a year ago and from $0.00 per share from the previous quarter.

Sales remained unchanged to $1.56 millions from $0.00 millions in the same quarter a year ago and sequentially from $0.00 millions.

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Losses Widen but Revenues Unchanged

In the forth quarter Platinum Group Metals Ltd increased losses of $-0.04 per share compare to $0.00 a year ago and from $0.00 per share from the previous quarter.

Revenues remained unchanged to $1.56 millions from $0.00 millions in the same quarter a year ago and sequentially from $0.00 millions.

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Break-even, Revenues Unchanged

For the forth quarter Mexus Gold Us reached break-even at $-0.00 per share, compare to results of $0.00 per share a year ago quarter, In the previous quarter company realized $-0.00 per share.

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drill_snow_pd Notox Technologies Corp.

Notox Technologies Corp announced third quarter operating shortfall of $-0.046867 millions

In the third quarter Notox Technologies Corp reached break-even of $0.00 per share compare to $0.00 a year ago and from $0.01 per share from the previous quarter.

Sales remained unchanged to $0.00 millions from $0.00 millions in the same quarter a year ago and sequentially from $0.01 millions.

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Other FMFG's Earnings Reports

Farmers & Merchants Bancshares reported forth quarter 2018 earnings

Farmers & Merchants Bancshares reported third quarter 2018 earnings

Farmers & Merchants Bancshares reported second quarter 2018 earnings

             
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