Financials releasedWell, at least PSP is justifying it's pathetic
.11 stock price.
Highlights:
1) Revenue down $2.155mm
2) Gross margin down $746k (34.6% of revenue loss vs 22.4% acheived...they're losing higher margin business)
3) SG&A down $550k
4) Operating loss of $237k vs $106k (removing the future income tax recovery BS)
Tangible book value is $1.83mm or 7.2 cents per share. At this rate they have less than two years before they're at zero. Simply amazing
VeeP