Little DDSo in the Quarter ending June 30th they had a loss of 214K for the quarter compared to a profit the same period the year earlier. Key to this loss was the Foreign exchange loss of $236K.
Now the quarter ending September 30th 2010 we are looking at a profit of $199K but $159K was from foreign exchange gain.
There is not much profit to be made and likely to be the same in the next quarter. It may get harder as more unlimited plans come into the market and they make it easier to get them. I am also seeing a reduction of revenues each quarter and with the next numbers it maybe more of the same. Now with the Mastercard deal that is a new source of income for the company that should make up for the drop in phone minutes revenue. This is what interest me in the company the point of sales transaction and recurring revenue from that and the terminal rentals.
Base on this short write up is what I feel explained the low share price but the eventual growth in the SP as the business focus changes and expands in the US. I look more at what the PE ratio should be in a company with this level of revenue instead of the revenue base to see if there is upside.