Reckon Ltd T.RKN

quick summary from a stockhouse author

[west12]

Redknee Solutions (TSX: RKN, Stock Forum) continues to hold on to its MARKET and as it moves toward what investors hope is a cash-positive December, the company continues to sign contracts.Since August the company has signed on ~$54 million in ordersfrom various Tier 1 operators of mobile and communications services. The company provides B2B back-end real-time monetization and subscriber MANAGEMENT SOFTWARE and currently supports over 200 communications service providers and Tier 1 operators the world over.

The FINANCIAL picture this year hasn’t necessarily been rosywith the company filing a nine-month net comprehensive income loss of $5.2 million compared to a profit of net comprehensive income of $706,217 for the same 2013 period, leading me, as well as some investors, to wondered aloud if the CFO was capable of leading this company to profitability.

Sure, revenues were way up in the nine-month results, but the cost of revenue had skyrocketed during that same period nullifying any progress to a profitable bottom line. One can only hope that these are one-time growth related expenditures, and the order backlog and new contracts rounding out the rest of the year bring the company into the black at least for the fourth quarter. If the company can keep these costs under control and maintain their MARKETING push, 2015 could see SP bump significantly