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Pioneering Technology Corp V.PTE

Alternate Symbol(s):  PTEFF

Pioneering Technology Corp. is an energy smart technology and consumer products company. The Company is focused on developing advanced thermo-based technology solutions for household products and appliances. The Company operates through the development, manufacture and sale of products intended to save energy and offer consumer convenience and safety. The Company’s products include Smart Burner, Smart Range, Smart Micro, SmartBurner Polish, Standard Ring Replacement Set and Low Profile Ring Replacement Set. SmartRange monitors changes in the range’s cooking temperature and signals a pre-alarm if a cooking fire risk is detected. With patented temperature limiting control (TLC) technology, SmartBurner easily replaces electric coil elements and prevents the burner from reaching the temperature at which cooking oils auto-ignite. SmartMicro helps prevent unnecessary alarm activations. It also helps guard against microwave fires from starting.


TSXV:PTE - Post by User

Bullboard Posts
Comment by FarmerInvestor4on Jan 31, 2017 12:54am
131 Views
Post# 25776056

RE:PTE full year audited results are out as of 9:30 MST

RE:PTE full year audited results are out as of 9:30 MST
Mike405 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
Bullboard Posts