GREY:VVVFF - Post by User
Comment by
Psalm9012on Jan 06, 2015 10:40am
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Post# 23289376
RE:2014 Financials are out!
RE:2014 Financials are out!It does appear as if the turnaround is in place as the quarter ending Sept. 30 shows a 32% increase in revenue from the same quarter last year and the net loss dropping from $1.2 million to $0.4 million. Perhaps they will be profitable in the next quarter or two. In a competitive field, they are staying on top of things with the Executive Chairman, des Pallieres, turfing the newer CEO after little more than 6 months and taking over the reins himself. In des Pallieres' words, he is moving the business "to further develop a strategy for growth and ... drive towards profitability..." With about 65 million shares, or one-third the float, he has incentive to make it happen. Greg