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Profile - Torque Engineering Corp. (OTC BB:TORQ.OB)
As of 31-Aug-2001
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More Info: Quote | Chart | News | Profile | SEC | Insider
Recent Events
Aug 31Price hit new 52-week low ($0.42)
Location
2932 Thorne Drive
Elkhart, IN 46514
Phone: (219) 264-2628
Email: investor@torque-eng.com
Employees (last reported count): 17
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Capital Goods
 ·Industry: Misc. Capital Goods
Company Website
 ·Home Page

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Ownership
·Insider and 5%+ Owners: 78%
·Institutional: 0% (0% of float)
(one institution)
·Net Inst. Selling: 1,000  shares
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Torque Engineering Corporation has developed and is now manufacturing and marketing the Torque V-12, a high-powered, 12-cylinder, 14 liter/860 cubic inch V-12 aluminum marine engine. The engine has a broad torque band, which allows the Torque V-12 to generate significant power at low throttle settings, thus providing for greater fuel economy. The Torque V-12 is designed for installation in luxury marine pleasure craft. Torque Engineering offers the Torque V-12 in three models: the TORQ 1000, a 900-horsepower engine with 1050 foot-pounds of torque; the TORQ 1100, a 1,050-horsepower engine with 1100 foot-pounds of torque; and the TORQ 1200, a 1,150-horsepower engine with 1150 foot-pounds of torque. The Torque V-12 is an all-aluminum, electronically fuel-injected engine designed to run on premium gasoline. The engine has a broad torque band that allows the Torque V-12 to generate significant power at low throttle settings, thus providing for greater fuel economy.
More from Market Guide: Expanded Business Description

Financial Summary
Torque Engineering Corp. designs and manufactures high-performance offshore marine performance production engines. The Company currently offers the Torque V-12 in three models: the TORQ 1000, the TORQ 1100 and the TORQ 1200. For the six months ended 6/30/01, sales totaled $346 thousand, up from $9 thousand. Net loss increased 5% to $1.3 million. Results reflect the sale of three engines and various parts, offset by increased stock-based compensation costs.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY1999 Pay

Richard Wedel, 52
Chairman, CEO
$10K
Raymond Wedel, Jr., 58
Pres, Director
--  
Michael Bennett
COO
--  
I. Paul Arcuri, 45
VP, CFO, Director
--  
Donald Christensen, 69
Sec., Director
--  
Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc..
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- OTC BB:TORQ.OBAs of 31-Aug-2001
Price and Volume
52-Week Low
on 31-Aug-2001
$0.42 
Recent Price$0.60 
52-Week High
on 14-Dec-2000
$4.125
Daily Volume (3-month avg)9,864 
Daily Volume (10-day avg)14.0K
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y]
52-Week Change-82.2%
52-Week Change
relative to S&P500
-76.2%
Share-Related Items
Market Capitalization$5.25M
Shares Outstanding8.75M
Float1.90M
Dividends & Splits
Annual Dividendnone 
Last Splitnone 
Per-Share Data
Book Value (mrq)$1.02 
Earnings (ttm)-$0.34 
Earnings (mrq)-$0.09 
Sales (ttm)$0.13 
Cash (mrq)$0.01 
Valuation Ratios
Price/Book (mrq)0.59 
Price/EarningsN/A 
Price/Sales (ttm)4.75 
Income Statements
Sales (ttm)$1.06M
EBITDA (ttm)-$1.49M
Income available to common (ttm)-$2.85M
Profitability
Profit MarginN/A 
Operating MarginN/A 
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)-25.90%
Return on Equity (ttm)-28.74%
Financial Strength
Current Ratio (mrq)1.33 
Debt/Equity (mrq)0.06 
Total Cash (mrq)$62.0K
Short Interest
Shares ShortN/A 
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001)

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