| Business Summary | | Sonic
Jet
Performance
Inc.
is
a
fully
integrated
commercial,
personal
watercraft
and
recreational/sport
boats
manufacturing
and
sales
company,
which
operates
both
in
the
United
States
and
internationally.
The
Company's
products
combine
power,
safety,
handling
and
stability
in
rough
water
along
with
high-speed
performance.
Since
1994,
Sonic
Jet
has
been
involved
in
research
and
development,
prototype
production
and
testing
of
a
variety
of
new
products.
Research
and
development
has
been
completed
and
production
has
begun
on
the
Sonic
Jet
Delta
seven-passenger
recreational
personal
watercraft,
the
Fire
Rescue
Jet,
and
Sonic
Jet
Vortex
recreational
boats
featuring
22-foot
models.
Production
models
are
currently
being
sold
through
dealers
worldwide. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Sonic
Jet
Performance
is
a
fully
integrated
commercial,
personal
watercraft
and
recreational/sports
boats
manufacturing
and
sales
company,
which
operates
both
in
the
U.S.
and
internationally.
For
the
six
months
ended
6/30/01,
sales
rose
8%
to
$1
million.
Net
loss
decreased
92%
to
$206
thousand.
Revenues
reflect
increased
sales
of
Delta
Jets
and
Vortex
due
to
establishment
of
a
dealer
network.
Loss
also
benefited
from
lower
interest
expense
relating
to
warrants. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| Albert Mardikian, 54 interim
CEO, Director | $92K | Madhava Mankal, 49 CFO,
Sec. | -- | Dollar amounts are as of 31-Dec-2000 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
|
|