GOLDFIELD CORP (GV)
Results of Operations - Nine Months Ended September 30, 1999 Compared to Nine Months Ended September 30, 1998.
Net Income (Loss) The Company had net income of $1,425,953 for the nine months ended September 30, 1999, compared to a net loss of $1,230,220 for the nine months ended September 30, 1998.
Revenues Total revenues for the nine months ended September 30, 1999 were $16,265,745, compared to $10,709,105 for the nine months ended September 30, 1998, an increase of 52%. The increase in revenues was primarily attributable to a higher level of activity in electrical construction operations resulting from higher demand for such services in the utilities industry.
Electrical construction revenue increased by 61% in the nine months ended September 30, 1999 to $14,461,978 from $8,967,863 for the nine months ended September 30, 1998.
Revenue from mining operations increased by 8% to $1,615,921 for the nine months ended September 30, 1999 from $1,499,868 for the nine months ended September 30, 1998.
52-Week Low
on 2-July-1999 $0.188
Recent Price $1.50
52-Week High
on 7-Mar-2000 $2.00
Daily Volume (10-day avg) 589.0K
52-Week Change +500.0%
52-Week Change
relative to S&P500 +455.5%
Market Capitalization $40.3M
Shares Outstanding 26.9M
Float 25.0M
