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VENDTEK SYSTEMS INC V.VSI

"VendTek Systems Inc develops, markets, and licenses automated transaction system software and supporting technologies. Its software product, eFresh provides electronic distribution infrastructure to service providers, retailers and retail distributors."


TSXV:VSI - Post by User

Post by TheRock07on Apr 02, 2014 11:48am
142 Views
Post# 22400380

35 cent + target

35 cent + targetThe new deals and arrangement had yet to kick in for Q1 and it is seasonally weak.

I foresee net quarterly sales exceeding $3 million by Q4 of this year, with $5 million possible.

Gross margins are about 68 % which is about $8 million in operating earnings on an annual basis @ $3 million quarterly.

All in  quarterly costs are about $1.5 million or $6 million annualized.

That leaves net earnings of $2 million or about 3.5 cents per share.

Thats a triple bagger from here and perhaps more given a strong growth profile.

With a strong balance sheet, they can now afford to expand comfortably.

All that is missing here is  investor awareness..
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