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Fin-Ag Inc history
Fin-Ag Inc company history timeline
ASA enjoyed a major growth spurt in fiscal 1990, more than doubling revenues over the previous year to $21 million while recording a profit of $411,000.
ASA stock was subsequently listed on the NASDAQ. (In addition, a public offering of convertible subordinated debentures was completed in April 1993, netting an additional $12.9 million.)
The company generated revenues in excess of $65.5 million in 1994 and net income just short of $2 million, a healthy increase over the year before but short of ASA's track record of growing 25 to 35 percent each year.
ASA achieved a measure of diversity in 1995 by starting to do business in the Texas Panhandle and southeastern Alabama.
An alliance with MCS Consulting Service was forged in 1998 to provide crop consulting services to customers.
The company's revenues totaled $186.1 million in 1998, and topped $225 million a year later.
In 2000 ASA took steps to grow its Powerfarm Internet subsidiary.
Because of its problems in securing adequate credit lines, ASA was forced to cut about a quarter of its workforce in May 2003.
With no arrangement in place by November the company would be unable to finance the 2003 crop season.
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Fin-Ag Inc may also be known as or be related to Fin-Ag Inc, Fin. AG Inc. and Fin. Ag Inc.