American Defense Systems Inc

American Defense Systems Inc (AMEX:EAG)

About American Defense Systems Inc (AMEX:EAG) American Defense Systems Inc. is a defense and security products company engaged in three business areas: customized transparent and opaque armor solutions for construction equipment and tactical and non-tactical transport vehicles used by the military; architectural hardening and perimeter defense such as bullet and blast resistant transparent armor walls and doors as well as vehicle anti-ram barriers such as bollards steel gates and steel wedges that deploy out of the ground; and tactical training products and services consisting of its live-fire interactive T2 Tactical Training System and the American Institute for Defense and Tactical Studies. It focuses primarily on research and development design and engineering fabrication and providing component integration. Its technical expertise is in the development of lightweight composite ballistic blast and bullet mitigating materials used to fortify and enhance capabilities of existing and in-service equipment and structures.

Statistics Symbol

EAG

Shares Outstanding

57.97M

Current Price

$0.150

Market Capitalization:

$7.80M

52 week range

$0.12 - $0.44

Beta

0.94

Avg Volume

72,247.00

Float

42.13M

Financials American Defense Systems Inc (AMEX:EAG) produced current quarterly operating income of $8.73 million that is considerably less than last quarter’s closing of $11.44 million. Moreover, net income is till negative but it produced better result as compared to last quarter’s ending.

The company’s cash flow from operations (CFO) has increased up to $2.24 million from last quarter’s ending cash flow of $0.18 million. This shows company produced more cash flow than its expenses through its core businessunits which is a good sign for the investors.

Total assets of company mount up to $13.73 million as of September 30, 2010 that is 20.23%less than last quarter’s ending but it has managed to maintain the Current ratio. The company’s total equity is also gradually decreasing which depicts that company is going to have more funding liquidity problems and fewer funds would be available to invest in future profitable opportunities.

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