Exhibit 99.1
Southampton, PA, January 12, 2010 — Environmental Tectonics Corporation (OTC Bulletin Board: ETCC) (“ETC” or the “Company”) today announced financial results for the third quarter and nine months of fiscal 2010 which ended on November 27, 2009.
The reader is referred to the Company’s Quarterly Report on Form 10-Q for the period ended November 27, 2009, filed on January 11, 2010, for additional information on the Company’s financial results.
ETC was incorporated in 1969 in Pennsylvania (USA) and we operate in two segments: the Training Services Group (TSG) and the Control Systems Group (CSG). Product categories included in TSG are pilot training and tactical flight simulators, disaster management systems and entertainment applications. The CSG segment includes sterilizers, environmental control devices and hyperbaric and hypobaric chambers along with parts and service support.
Financial Results
Thirteen weeks ended November 27, 2009 compared to thirteen weeks ended November 28, 2008
    Summary Table of Results  
    Thirteen weeks ended:     Variance     Variance  
    November 27,     November 28,              
    2009     2008     $     %  
    (amounts in thousands except share and        
    per share information)   (   )=Unfavorable  
  $ 4,392     $ 2,702     $ 1,690       62.6 %
US Government
    2,321       367       1,954       532.4 %
    4,261       5,637       (1,376 )     (24.4 )%
Total Sales
    10,974       8,706       2,268       26.1 %
Gross Profit
    4,444       2,957       1,487       50.3 %
Selling, general and administrative
    2,905       2,434       (471 )     (19.4 )%
Research and development
    (201 )     247       448       181.4 %
Operating profit
    1,740       276       1,464       530.4 %
Interest expense, net
    164       417       253       60.7 %
Other expense (income), net
    121       (27 )     (148 )     548.2 %
Loss on extinguishment of debt
    91             (91 )     n/a  
Income tax benefit
    (2,606 )           2,606       n/a  
Minority interest
    (8 )     (1 )     7       700.0 %
Net income (loss)
  $ 3,978     $ (113 )   $ 4,091       3,620.4 %
Preferred stock dividends
    (594 )     (230 )     (364 )     (158.3 )%
Income (loss) applicable to common shareholders
  $ 3,384     $ (343 )   $ 3,727       1,086.6 %
Per share information:
Earnings (loss) per common share:
  $ 0.37     $ (0.04 )   $ 0.41       1,025.0 %
  $ 0.19     $ (0.04 )   $ 0.23       575.0 %
Weighted average common shares:
    9,071,000       9,035,000                  
    21,277,000       9,035,000                  


The following information was filed by Environmental Tectonics Corp (ETCC) on Thursday, January 14, 2010 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Environmental Tectonics Corp's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Environmental Tectonics Corp.


Never Miss A New SEC Filing Again

Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.


We Highlighted This SEC Filing For You

SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.


Widen Your SEC Filing Reading Experience

Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view


Uncover Actionable Information Inside SEC Filings

SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q


Adobe PDF, Microsoft Word and Excel Downloads

Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis


FREE Financial Statements

Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator

Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not


Financial Stability Report

Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity


Get a Better Picture of a Company's Performance

Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years


Log in with your credentials


Forgot your details?

Create Account