American Defense Systems Inc (PK:ADFS)

Sector:  Industrials Industry:  Aerospace & Defense
See Regulatory Filings on SEC
Company Contact
Address: 420 McKinney Pkwy
LILLINGTON NC 27546-9336
Tel: 1-516-3905300
IR: See website
Key People
Dale S. Scales
President, Chief Executive Officer, Director
Gary Sidorsky
Chief Financial Officer, Treasurer
Fergal Foley
Senior Vice President - Government and Business Affairs
Curtis M. Taufman
Senior Vice President - Engineering and Architecture
Joseph Van Hecke
Secretary, Director
Business Overview
American Defense Systems, Inc. (ADSI) develops, engineers and manufactures security and safety solutions for the physical security industry. The Company designs, fabricates and installs transparent and opaque armor kits, security doors, ballistic windows and curtain wall systems. The Company provides a range of anti-ram vehicle barriers, as well as forced entry ballistic resistant and blast mitigation doors, louvers and security stations. ADSI's products and services include transparent armor, opaque armor, architectural security, and design and engineering. ADSI's transparent armor products include portable transparent ballistic shield (PTBS), folding transparent ballistic shield (FTBS) and very important person (VIP) protection systems. Its opaque armor products include crew protection kits (CPK), combat lock and door latch, emergency egress window, fortified door hinges and crew comfort system. ADSI also offers architectural security solutions.
Financial Overview
For the nine months ended 30 September 2013, American Defense Systems Inc revenues decreased 65% to $1.8M. Net loss before extraordinary items increased from $576K to $1.3M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Professional fees increase of 59% to $852K (expense), Impairment of fixed assets increase from $0K to $157K (expense).
Employees: 24 as of Apr 6, 2012
Reporting Currency: U.S. Dollars
Enterprise value: N/A
Annual revenue (TTM): $2.75M as of Sep 30, 2013
EBITDA (TTM): -$1.46M as of Sep 30, 2013
Net annual income (TTM): -$1.75M as of Sep 30, 2013
Free cash flow (TTM): -$0.52M as of Sep 30, 2013
Net Debt Last Fiscal Year: $0.51M as of Sep 30, 2013
Shares outstanding: 57,297,292 as of Sep 30, 2013
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization