GREY:SYXXF - Post by User
Comment by
RedSoxon Oct 10, 2014 9:11am
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Post# 23017779
RE:RE:RE:RE:RE:RE:ANOTHER TRAIN DERAILMENT, PIPELINES ARE THE WAY TO GO.
RE:RE:RE:RE:RE:RE:ANOTHER TRAIN DERAILMENT, PIPELINES ARE THE WAY TO GO.
First off I stand corrected. In speaking with Synodon I was told that Synodon was in the process of building two new instruments but in reading through their documents online I see that they are in the process of building only one more to make a total of two.
In looking over their financial statements for quarter three there were $172,239.00 spent on Research and Development. This R&D money spent was a direct result of "Employee Time" and "Effort" spent to refine specifications for the upcoming purchase of their additional RealSens instrument.
Some additional nuggets for those of you that are interested:
1.) Since Synodon's inception it has expended a net amount of $17.6 million. Most of this was used for R&D with smaller portions allocated to Marketing, Advertising, Promotion and Public Relations.
2.) Of their many accomplishments to date one of those milestones is they have signed revenue kilometers for the current fiscal year to over 2.5 times that of the previous year.
3.) The MAJORITY of their revenue earned will be recognized in the 4th quarter financials.
4.) The company is currently focusing its efforts on marketing RealSens. As of today the company is clearly shifting away from R&D to Sales & Marketing.
5.) Revenue generated Q3 is $489,872.00. Revenue generated Q3 2013 (last year) was $216,465.00. That is more than a double.
6.) The company's gross margins continue to increase. Gross margins are a way of determining a company's intrinsic health that may be obscured through other overlaying numbers.
Gross Margin = Net Revenue - Third Party Helicopter Costs - Internal Payroll Costs - Indirect 3rd Party Overhead Costs.
7.) Synodon received funding from the following"
TECTERRA $220K
AVAC $1.3 Million
IERD $600K ( Non interest bearing )
All of the above information I found on their website. I have heard a lot of people complain ( Not just on here ) that Synodon's IR sucks. I think so too, but, they are very good in keeping their investors informed by posting all information on their website.