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Calton Inc.

Calton Inc. announced the results of operations for the first quarter ended Feb. 28, 2001. Anthony J. Caldarone, Chairman, President CEO, announced a net loss of $870,000 ($0.21 per basic and diluted share) for the quarter ended Feb. 28, 2001, compared to a net loss of $1.1 million ($0.25 per basic diluted share) for the first quarter ended Feb. 29, 2000. The company is reporting revenues of $1,516,000 and $553,000 for the three months ended Feb. 28, 2001 and Feb. 29, 2000 respectively. The fiscal 2001 revenues include $325,000 from the consulting agreement with the purchaser of Carlton Homes, $507,000 from the eCalton Web design and implementation division, and $654,000 from the eCalton technical staffing division. The fiscal 2000 revenues include $325,000 from the consulting agreement with the purchaser of Calton Homes and $228,000 from the eCalton Web design and implementation division. There were no revenues reported the eCalton technical staffing division in the first quarter of 2000, as this division was not operating at that time. Selling, general administrative costs for the three months ended Feb. 28, 2001, were $2.3 million, compared to $1.5 million for the three months ended Feb. 29, 2000. The increase in expenses is primarily attributed to the addition of a new subsidiary and expanded operations at other subsidiaries. The first quarter loss in fiscal 2000 included a $508,000 loss recognized on the sale of available for sale securities.
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Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Units
Geographic Code:1USA
Date:Jun 1, 2001
Words:249
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