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Home > (IRBT, GLGL, CRWE, SVBI, DIET) Stocks in Focus by PennyToBuck.com

(IRBT, GLGL, CRWE, SVBI, DIET) Stocks in Focus by PennyToBuck.com

October 26th, 2011 at 02:37 pm











The home robots of iRobot Corp. (NASDAQ:IRBT) help people find smarter ways to clean, and its government and industrial robots protect those in harm’s way. iRobot designs and builds robots that make a difference. iRobot’s consumer and military robots feature iRobot Aware® robot intelligence systems, proprietary technology incorporating advanced concepts in navigation, mobility, manipulation and artificial intelligence.



iRobot yesterday announced its financial results for the third quarter ended October 1, 2011. Revenue for the third quarter of 2011 increased 28 percent to $120.4 million, compared with $94.2 million for the same quarter one year ago. Revenue for the first nine months of 2011 increased 17 percent to $334.7 million from $287.0 million last year. Net income in the third quarter of 2011 was $14.1 million, compared with $7.0 million in the third quarter of 2010. For the first nine months, net income was $29.6 million, up from $18.5 million a year ago.

“Our third quarter and year-to-date results were excellent across all measures and far exceeded our expectations,” said Colin Angle, chairman and chief executive officer of iRobot. “Due to strong performance by both divisions and our expectations for the fourth quarter, we are increasing our full-year 2011 expectations for the second time this year.”

Net income included a one-time tax benefit of $3.5 million in the third-quarter and nine-month periods in 2011. Net income for the third-quarter and nine-month periods in 2010 included a one-time tax benefit of $2.3 million. Quarterly earnings per share grew by 85 percent to $0.50, compared with $0.27 in the third quarter last year. Nine-month earnings per share grew to $1.06, up from $0.70 in 2010. EPS included a one-time tax benefit of $0.12 in 2011 and $0.09 in 2010. Adjusted EBITDA for the third quarter of 2011 was $20.2 million, or 17 percent of revenue, compared with $11.5 million, or 12 percent of revenue, in the third quarter of 2010. Adjusted EBITDA for the first nine months of 2011 was $51.7 million, compared with $37.6 million for the same period a year ago.

For more information about iRobot, please visit www.irobot.com

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GLG Life Tech Corporation (Nasdaq:GLGL) announces the results of its 2011 Agriculture R&D Program. The Company is pleased to announce that it has successfully reached another milestone in its stevia seed propagation program and that the Company's Huinong Three ("H3") proprietary stevia varietal propagation is on schedule. We can now confirm that H3 will be available for planting in the 2012 growing season.

GLG Life Tech Corporation engages in the research and development, growing, refining, production, and distribution of stevia extract to the food and beverage industry worldwide. Stevia extract is a natural sweetener extracted from the stevia plant.

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Crown Equity Holdings Inc. (CRWE)

Crown Equity Holdings Inc. (CRWE), together with its digital network, currently provides electronic media services specializing in online publishing, which brings together targeted audiences and advertisers. Crown Equity Holdings Inc. (CRWE) offers internet media-driven advertising services, which covers and connects a range of marketing specialties, as well as search engine optimization for clients interested in online media awareness.


Crown Equity Holdings Inc. (CRWE) recently announced that it has entered into a joint venture to deploy VoIP (Voice over Internet Protocol) technology delivering voice, video and data services to residential and commercial customers. The joint venture company is Crown Tele Services Inc. which was a wholly-owned subsidiary of Crown Equity Holdings Inc. Crown Equity Holdings Inc. will own fifty percent (50%) interest in the joint venture.

Commenting on the joint venture, Kenneth Bosket, President of Crown Equity Holdings Inc., said: "We are excited to deliver VoIP communications solutions specifically designed to meet the business and residential market needs in this fast-growing global market."

Voice over Internet protocol is known among the users by the short name of VoIP which in simple terms mean to talk over the Internet by making a phone call. It also sometimes refers to as soft phone. While u are using a VoIP service it can help you reduce your time, money all in all it is a profitable most wanted technology when it comes to Information Technology Sector.

By using the technology you can share the risk with the service provider and are fewer prunes to threats associated. Moreover by the extensive cost and experience of the supplier or technology provider you can reap out the benefit of the experience and get the tips that have proved to work out most.

For more information please visit official website of CRWE:http://www.crownequityholdings.com

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Severn Bancorp Inc (Nasdaq:SVBI) announced results for the quarter and nine months ended September 30, 2011. Net income for the third quarter of 2011 was $551,000 (unaudited), or $.01 per share, compared to net income of $485,000, or $.01 per share for the third quarter of 2010. Net income was $152,000, or ($.12) per share for the nine months ended September 30, 2011, compared to net income of $550,000, or ($.07) per share for the nine months ended September 30, 2010. Earnings per share is calculated using net income available for common shareholders, which is net income less preferred stock dividends.

Severn Bancorp, Inc. operates as the holding company for Severn Savings Bank, FSB and SBI Mortgage Company that provide retail and mortgage banking services in Maryland, Delaware, and Virginia.

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Ediets.com Inc. (NasdaqBig GrinIET) has signed a two-year licensing renewal agreement with NBCUniversal Television Consumer Products Group and Reveille LLC, for The Biggest Loser Meal Plan by eDiets. The new agreement extends the original one-year agreement signed in July 2010 through August 2013, and gives eDiets the exclusive right to market The Biggest Loser Meal Plan.

eDiets.com, Inc. engages in developing and marketing Internet-based diet and fitness programs to consumers and businesses primarily in North America.



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