First 3 months 2017 report issued on May 30, 2017 (2 months after March Q end)
First 6 months 2017 report issued on Aug 28, 2017 (2 months after June Q end)
First 9 months 2017 report issues on Nov 30, 2017 (
Estimated.)
The
October 07, 2017 article BigMoneySniper linked to stated "Sales and cash flow were impacted in March and April as the business ramped up production" (after their main piece of equipment, the large laminator, malfunctioned and had to be taken offline) and they still posted revenue of $3.3MM through June 2017.
With that machine fully back online (producing at both a faster rate and higher quality) and the apparent success they have had promoting their products in the various industries they are targeting, I'm hopeful they have not only increased revenue during this last Q but reduced their operating loss.It makes sense they would operate at a loss for part of 2016 when the companies first merged and they were working on harmonizing the two operations, but now that they're churning out and selling product, their operating loss should decrease.
So, they have revenue coming in and it looks like they're on the right track so hopefully this upcoming 9-month report will support that hypothesis and the SP will start the climb back up. We already know they have no IR skills and won't be issuing any PRs before then...
And with that said, I don't have much of anything nice to say about management and their ham-fisted handling of the Rights Offering and One-Two Punch share consolidations. I just hope they know their business and operations better than they know corporate finance and invester relations.