They rightly got a whack after the qtrly, nobody expected them to bring in $1m+ revenues but the $40K odd they reported was well under expectations.
But in the quarterly they tried to mitigate that by explaining it against a strong "sales pipeline" and predictions that she will be earnings positive by the next quarterly.
From here this will go one of three ways:
1) They have forecast $600K of outgoings next qtr, so even if she gets close to positive earnings (let's say $400K-$500K revenues) that would be over 1,000% revenues increase Q on Q and the share price will go absolutely ballistic if they report these kind of numbers.
2) If they report another disappointing round of numbers (say $60K-$80K) they will be punished big time again.
3) (Most likely IMHO) The numbers increase steadily, but not stunningly. From here I would like to see revenues of $120-$250K next quarter, the share price will grow steadily and perhaps the following quarter be close to break even. First earnings perhaps Q3 this year (Sept/Oct).
Buy or hold IMHO but don't chase her up too hard, we need to see some numbers behind the story now.
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Last
6.4¢ |
Change
-0.002(3.03%) |
Mkt cap ! $53.13M |
Open | High | Low | Value | Volume |
6.7¢ | 7.0¢ | 6.1¢ | $145.4K | 2.213M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 9997 | 6.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.6¢ | 5358 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 9997 | 0.064 |
3 | 127300 | 0.063 |
5 | 265029 | 0.061 |
1 | 100000 | 0.060 |
2 | 550864 | 0.059 |
Price($) | Vol. | No. |
---|---|---|
0.066 | 5358 | 2 |
0.069 | 55381 | 2 |
0.070 | 149391 | 4 |
0.071 | 160000 | 1 |
0.072 | 145918 | 4 |
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