LYCOS RETRIEVER 
Peak
built 658 days ago
The current Peak Tower was the work of the British architect Terry Farrell, and was completed in 1997. It has seven floors with a total area of 10,400 m² (112,000 ft²) with a wok shape at the top. A viewing platform was located on the third floor overlooking the world famous Victoria Harbour.
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Pikes Peak is a boutique commercial printing company offering high quality large format sheetfed printing. The company specializes in printing banners, fine art reproductions, maps and point-of-purchase displays and can print on a wide variety of substrates, including synthetics and plastics of several inches in thickness. The company will continue to operate from its two existing facilities in Colorado Springs.
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For fiscal year 2006, Peak had net sales of $66.1 million, down 2.6% compared to $67.9 million for fiscal 2005. Peak recorded net loss of $4.6 million for fiscal year 2006, or loss per share of $0.37 on a basic and diluted basis, compared to a net loss of $9.2 million or $0.74 loss per share on a basic and diluted basis in the prior year. Net sales for the fourth quarter of fiscal 2006 were $16.9 million, up 2.1% compared to the same quarter last year. Peak had a net loss of $1.0 million for the fourth quarter of fiscal 2006, or loss per share of $0.08 on a basic and diluted basis, compared to a net loss of $3.9 million, or $0.31 loss per share on a basic and diluted basis for the same quarter last year.
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Since 1991, Peak Performance has taken pride in staying ahead of the Customer Relationship Management evolution to provide true one-to-one marketing in support of customer lifetime value. Peak Performance offers customized marketing solutions averaging 25 to 1 ROI.
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Effective April 1, 2006, Peak adopted Statement of Financial Accounting Standards SFAS No. 123R using the modified prospective method, which requires the expensing of all stock-based compensation. For the quarters ended September 30, 2007 and 2006, the Company reported non-cash, stock-based compensation of $117,000 and $217,000, or $0.01 and $0.02 per share, respectively. For the six months ended September 30, 2007 and 2006, the Company reported non-cash, stock-based compensation of $232,000 and $382,000, or $0.02 and $0.03 per share, respectively. At the conclusion of the second quarter of fiscal 2008, the Company had approximately $19 million in cash and cash equivalents and no long-term debt.
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Effective April 1, 2006, Peak adopted Statement of Financial Accounting Standards SFAS No. 123R using the modified prospective method, which requires the expensing of all stock-based compensation. For the quarter and fiscal year ended March 31, 2007, the Company reported non-cash, stock-based compensation of $81,000 and $565,000, or $0.01 and $0.05 per share, respectively. At the conclusion of the fourth quarter, the financial condition of the Company continued to be very strong with approximately $21.5 million in cash and cash equivalents and no long-term debt.
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Peak