GREY:SYXXF - Post by User
Comment by
RedSoxon Oct 09, 2014 2:49pm
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Post# 23015538
RE:Too Much Paranoia
RE:Too Much Paranoia It is nice to hear the voice of reason Schnauser! People you can't look at this company's financials and see this as a failing company or base it's inherent value on those numbers alone. Sure the company shows a loss of $511,027.00 and total expenses for the quarter at over $900,000.00 with $489,872.00 generated revenue but at face value this is completely deceiving! Synodon has more than doubled it's revenues from over last years quarter 3 with gross margins averaging about 50%. This is a growing company that every quarter is manifesting growth. Isn't that what any investor wants to see? This company is performing and performing very well! Along with that point it is important to take note of the following:
There were a lot of jobs started or occuring but not completed during quarter 3. These numbers were not recorded in the quarter 3 financials but will show in the quarter 4 financials. In other words there was a lot of money in quarter 3 that was not reported in the quarter 3 financials. The company does not recognize revenue from jobs started or started and not completed so those $511K losses could really be positive cash flow by quarter end. I suggest to everyone who owns Synodon stock to peruse their website and review all the good information they have posted there for the public. The more you know about their product, services and the large competitive edge they hold in the industry the less you will feel compelled to sell the stock on a compulsive panic! It is very important to KNOW what you are investing in this way when market sentiment is down on a stock and selling you will know to buy it.