RE:5 Straight Quarters of ProfitabilityDon't operate that way. I still have every share I ever bought, 165K.
Your $4million in A/R isn't necessarily a good thing. It's sales and earnings they've already reported but not collected yet. They had 3 million in a/r in 3/13 so it was taking them 7 months to collect their receivables. That's slow by any standard and creates lots of cashflow problems for growth companies. You can't pay for anything with a/r. You need cash to operate the company and generate more sales.
I continue to hold because of the undervaluation reported by most here. I am thrilled with my gains. My avg cost is .15 so I still have a nice cushion to ride out the waves.
I am a retired banker. I know enough accounting to be dangerous and I have seen many promising companies fail because they couldn't generate enough cashflow to fund their growth, even if it was profitable on paper.
NTG has a very promising future. They have a niche and apparently their commitment to the Middle East is starting to payoff. I just don't want investors to get carried away and expect too much too soon. Unrealistic expectations are just as bad for the stock price as bad or inconsistent earnings.