OTC Bulletin Board S & P Company Insight for TITAN ENERGY WORLDWD
Profile
	Business Summary: Titan Energy Worldwide, Inc. provides onsite power generation, energy management, and energy efficiency products and services in the United States, the Caribbean, and Central and South America.   Address   10315 Grand River Avenue, Suite 302   Brighton , MI 48116   Phone: 810-229-5422   Fax: 810-229-5797   Website: http://www.titanenergy.com Auditor   UHY LLP Transfer Agent   Transfer Online, Inc. Employees:  49 ShareHolders:  286 Founded:  1998 Domicile:  Nevada
Background
	Titan Energy Worldwide, Inc. provides onsite power generation, energy management, and energy efficiency products and services in the United States, the Caribbean, and Central and South America. About 72% of gross sales revenues in 2009 were from the sale of power generation equipment. Titan offers power generation equipment; onsite energy diesel, natural gas, and propane generator sets, including digital engine and generator controls; Lister Petter series of generators; automatic transfer switches and paralleling switchgear; and uninterruptible power supply systems. The company also provides alternative energy technologies, such as solar and wind turbines; and designs, engineers, installs, and manages solar, wind, and fuel cells systems, as well as traditional natural gas and diesel engine generators systems. In addition, it manages the power generation assets of commercial, institutional, and industrial customers, as well as offers assistance to reduce electric demand during periods of peak demand using onsite generation to shift load off the electrical grids and thereby preventing grid failures. Further, it provides maintenance, repair, and support services. The company serves utilities, retailers, telecommunications companies, banks, data centers, grocery stores, hospitals and other healthcare facilities, schools and colleges, property management companies, government and military facilities, and manufacturers. Titan Energy Worldwide, Inc. is based in Brighton, Michigan. History:  INCORPORATED in Nevada Nov. 20, 1998 as Global-Link Enterprises, Inc. Name changed to MLM World News Today, Inc. Feb. 4, 2000; to Presidential Air Corporation Aug. 14, 2002; to Safe Travel Care, Inc. May 2, 2003; and to Titan Energy Worldwide, Inc. Dec. 26, 2006. July 21, 2006, acquired Titan Energy Development, Inc., in exchange for 1,000,000 Series B Preferred shares and 1,000,000 Common shares of the company. December 28, 2006, acquired Stellar Energy Services, Inc. in exchange for 750,000 Series C Preferred shares, 1,000,000 Common shares, and a note payable of $823,000.   Subsidiaries: Grove Power, Inc. Sustainable Solutions, Inc. Titan Energy Services, Inc.
Management
	Management Officers Position  Jeffrey W. Flannery Chairman & Chief Executive Officer  James J. Fahrner Chief Financial Officer  Thomas  Black Secretary & Chief Operating Officer Directors  Thomas  Black  James J. Fahrner  Jeffrey W. Flannery
Annual Report
	Annual Report   Income Statement   2009 2008 REVENUES Sales of Equipment 7,660,207 5,764,891 Sales of Service and Parts 2,966,712 2,118,456 Total Revenues 10,626,919 7,883,347 EXPENSES Material Cost and Labor for Equipment 6,397,147 4,884,495 Material Cost and Labor for Service and Parts 1,353,190 1,015,737 Selling and service expenses 1,397,928 834,207 General and administrative expenses 945,695 744,875 Corporate overhead 1,184,823 1,339,305 Share based compensation and payments 183,614 25,317 Depreciation and amortization 170,425 133,017 Interest Expense, Net 86,758 46,545 Amortization of Debt Discount and Financing Costs 110,718 12,605 Other income (expense) (161,941) - Loss from continuing operations (1,365,320) (1,152,756) Discontinued Operations (1,526,805) (571,348) Net Income (Loss) (2,892,125) (1,724,104) CHARGES ON NET INCOME Dividends on Preferred Stock - (593,162) Net Income Available to Common Shareholders (2,892,125) (2,317,266) SUPPLEMENTARY INFO Gross Profit/loss 2,876,582 1,983,116 Basic & Diluted EPS - Continuing Operations ($0.09) ($0.11) Net income per share basic & diluted (0.20) (0.15)   Balance Sheet   2009 2008 CURRENT ASSETS Cash and Cash Equivalents 45,401 327,166 Accounts Receivables 1,846,125 1,349,105 Inventories 881,830 703,941 Other Current Assets 230,948 161,432 Total Current Assets 3,004,304 2,541,644 NON CURRENT ASSETS Property and Equipment, net 257,985 225,389 Goodwill 1,184,132 1,599,160 Customer and Distribution Lists, Net 774,833 1,134,720 Other Assets 20,608 7,302 Total Assets 5,241,862 5,508,215 CURRENT LIABILITIES Accounts Payable 1,388,838 1,007,843 Accrued Liabilities 578,549 298,566 Current portion of convertible debt 480,198 - Short- term credit facility 607,558 449,558 Notes Payable-current Portion 351,048 107,527 Customer Deposits and Deferred Revenues 234,190 3,504 Total Current Liabilities 3,640,381 1,866,998 NON CURRENT LIABILITIES Notes Payable 19,769 - Convertible debt 63,958 - SHAREHOLDERS' EQUITY Preferred Stock Convertible 1 1 Common Stock - Par Value 1,716 1,573 Treasury stock, at cost (1,370,000) - Additional Paid in Capital 29,141,643 27,003,124 Accumulated Deficit (26,255,606) (23,363,480) Total Shareholders Equity 1,517,754 3,641,217 Total Liabilities & Shareholders Equity 5,241,862 5,508,215
Interim Report
	Interim Report      Data Not Available
Pro Forma Report
	Pro Forma Report      Data Not Available
Quarterly Report
	Quarterly Report Information      Quarterly Revenue, US$ Year Quarter Revenue   2010   1 3,020,000   2009   1 1,690,000   2009   2 2,070,000   2009   3 3,350,000   2009   Full Year 10,630,000   2008   1 1,200,000   2008   2 2,690,000   2008   3 3,210,000   2008   4 2,150,000   2008   Full Year 9,250,000   2007   1 2,580,000   2007   2 2,800,000   2007   3 1,640,000   2007   4 1,820,000   2007   Full Year 8,840,000   2006   4 10,000   2006   Full Year 10,000     Quarterly Net Income, US$ Year Quarter Revenue   2010   1 (550,000)   2009   1 (340,000)   2009   2 (310,000)   2009   3 (190,000)   2009   Full Year (1,370,000)   2008   2 (290,000)   2008   3 (150,000)   2008   4 (560,000)   2008   Full Year (1,720,000)   2007   Full Year (3,380,000)   2006   Full Year (690,000)   2005   Full Year (220,000)     Quarterly EPS, US$ Year Quarter Revenue   2010   1 (.03)   2009   1 (.02)   2009   2 (.02)   2009   3 (.01)   2009   Full Year (.09)   2008   1 (.09)   2008   2 (.02)   2008   3 (.01)   2008   4 (.03)   2008   Full Year (.15)   2007   1 (1.75)   2007   2 (.85)   2007   3 (.10)   2007   4 (.72)   2007   Full Year (2.50)   2006   2 (.45)   2006   3 (.76)   2006   4 (1.10)   2006   Full Year (6.25)   2005   1 (2.37)   2005   2 .39   2005   3 (1.87)   2005   4 (.07)   2005   Full Year (1.96)
Stock Data
	Capitalization as of 03/31/2010:     Authorized Shares Outstanding Shares Series D Preferred $0.0001 par 10,000,000 462so1 Common $0.0001 par 1,800,000,000 22,392,861so2 Series A Preferred $0.0001 par 10,000,000 None Series B Preferred $0.0001 par 10,000,000 None Series C Preferred $0.0001 par 10,000,000 None   LONG TERM DEBT: $117,472.   Common $0.0001 par   Stockholders:  03/24/2010, 286. PRINCIPAL STOCKHOLDERS: March 24, 2010, John M. Tastad owned or controlled 15.1% of the Common, Jeffrey W. Flannery 14.1%, Carl Rountree 11.7%, Wholesale Realtors Supply 11.6%, Eckhart Grohmann Revocable Trust of 1985 11.3% and Thomas Black 7.9%.   Transfer Agent:  Transfer Online, Inc.   Portland , OR   OTC Bulletin Board( Primary): TEWI   Exchange Year High Low OTC Bulletin Board 2009 0.5900 0.0500 OTC Bulletin Board 2008 1.4000 0.0700 OTC Bulletin Board 2007 1.9000 0.2500 OTC Bulletin Board 2006 3.7500 0.7500   DIVIDENDS: Common $0.0001 par: No cash. Common split 1-for-50 reverse, Dec. 28, 2006. Common split 1-for-15 reverse, Aug. 10, 2007.       so1Closely held. Each Series D share is convertible at any time into 10,000 Common shares at an initial conversion price of $1.00 per share. Liquidation preference, 125% of the sum of the stated value ($10,000) of any then-unconverted Preferred shares plus any accrued and unpaid dividends.   so2Excl. 2,000,000 in treas.