These financial results presentation indicate company is turning around. Statistics of their product use indicate 10 times usage growth per month in six months. If it grows at the same rate and increases by another 22,500 per month, that will be 20 times growth in one year.
Recent Inscribe acquisition has enabled company to begin offering applications on smart phone technologies - Apple, Android, etc.
Good financial signs are:
1. No further goodwill write-offs
2. Small profit achieved, had they not changed capitalisation policy.
3. Market Capitalisation is equal to Net Assets (excluding Intangible Assets) of $8.143 Million. If company was to close tomorrow, the sale of its software would be jam on top of current assets.
4. Still no debt
Looking forward to the next six months. Research by AspectHuntley indicates that there will be a significant turnaround in company's profit in the next reporting period - about 5.3 cents per share for the full year. Interesting to see the outcome.
Best of luck
Lost
These financial results presentation indicate company is turning...
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