Some interesting comments regarding the quarterly report and growth figures ( or lack of ) .
Having held FRX for a few years i have taken a different view on how to read their revenue figures and what it means . One of the greatest considerations in owning this stock is appreciating the significant time delays between signing deals or commencing roll out mastercard with a particular bank and seeing the revenues from that action . Because of this i no longer compare revenue quarter on quarter because the expectation of revenue doesnt match the effort expended . If however you compare a quarter with the corresponding quarter from the previous year you will have a very different view of the revenue trend
Below is revenue from last eight quarters - if you compare each quarter with previous year its not difficult to mount an argument for $5m revenue per quarter in 12 months . Definitely not a stock for the impatient .
$534k
$793k
$1.11m
$1.44m
$1.60m
$2.08m
$2.71m
$2.76m
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Mkt cap ! $8.679M |
Open | High | Low | Value | Volume |
1.0¢ | 1.1¢ | 1.0¢ | $9.415K | 937.4K |
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No. | Vol. | Price($) |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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2 | 101200 | 0.010 |
2 | 493869 | 0.009 |
7 | 4914120 | 0.008 |
8 | 2551000 | 0.007 |
2 | 1050000 | 0.006 |
Price($) | Vol. | No. |
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0.011 | 159500 | 1 |
0.012 | 100000 | 1 |
0.014 | 41426 | 1 |
0.015 | 240000 | 1 |
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