RE:PTE full year audited results are out as of 9:30 MSTMike405 wrote: ...might have been out a bit earlier, but that's when I finished looking at them.
Thoughts?
For me, I see good and bad.. but overall it is heading in the right direction!
What I like:
- increased sales
- margins haven't changed
- good cash on hand
What I don't like
- increased administration expenses including stock based compensation.
- trade receivables over 30 days at $1.8 million
IMO, the company has done a good job to stay profitable and continue operations with positive earnings. I would hope that the clients they are selling to eventually pay... and then use those funds to pay down debt.
Other notes I see...
There are still warrants from last PP that will infuse additional cash once excercised..
There are a lot of stock options that will be forced to be exercised near term (Approx 1 million in 2017) that will add to the float.
To continue forward progress in building shareholder value, there needs to be increased sales (to people who pay) and to try and keep a lid on expenses that can be controlled.
Over all... I am pleased.
Disclosure.. I am long this company
Good Luck to all!
FI4