Joe's Jeans, Inc. (JOEZ) continues to move higher since 1000 Penny Stocks first mentioned the stock on Feb. 21 when the stock was trading at the $1 mark. JOEZ has printed an intraday high of $1.25 in today's session a mark not touched since late December. JOEZ has a 52 week low of .60 and a 52 week high of $2.45.
Joe's Jeans Inc. announced on February 28 financial results for the fourth quarter ended November 30, 2007 which have shown a significant improvement over the previous year explaining the recent improvement in the company's stock price.
-- Annual net sales of $62.8 million, a 35% increase over 2006 sales of
-- Full year profitability of $2.3 million in net income compared to a
loss of $9.3 million in the prior year, translating into earnings per share
of $0.05 on a fully diluted basis.
-- Record quarterly sales for the fourth quarter of $18.0 million, a 29%
increase over the fourth quarter of 2006.
-- Gross margins from the Joe's brand of 42% for the full year
compared to 37% for the year ended November 25, 2006, a 5 percentage point
For More information about Joe's Jeans Inc., please visit their website at www.joesjeans.com
1000 Penny Stocks Penny Stock Charts And News will continue to monitor JOEZ in the coming weeks on our NASDAQ Penny Stock List for continued upward movement.