I just posted this on SS, and thought I would reproduce here.
Well the yearly financials are out... and while the revenue number missed my estimates, as a shareholder, you gotta be pretty happy with the performance.
Revenue = $85,257, which is a 2000% increase on $4,891 for 2005 (all of that revenue, besides $37 was from the 2nd half of the year).
Payment to supplies and employers = $1.7m, compared to $2.6m in 2005, a 35% decrease which is fantastic considering the MASSIVE expansion through the 2006 fin year.
Net Cashflows from Operating Activities = -$1.5m in 2006 compared to -$2.5m in 2005, so a 40% increase in 2006.
Great results and when you consider we only had a couple of months of Lenovo contribution, and nothing from Singapore Airlines, China Southern, or Sonopress, then this company is kicking goals.
Now as this is the first time the company has reported revenues, plus the excellent cost cutting in the face of aggressive expansion, its gonna be fascinating to see what the market has to say tomorrow..
Cheers Livas1
OCO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
