OTCPK:MGMXD - Post by User
Comment by
BoldForbeson Nov 09, 2016 5:52am
177 Views
Post# 25440146
RE:RE:Quarterly report looks good
RE:RE:Quarterly report looks goodWell, I am mixed on the first and I would agree with the second statement.
I only had about an hour this morning to review and below are my quick findings:
- Quarterly revenue growth ~10%, year-over-year slightly up, basically flat
- Expense difference: Change in the fair value of derivatives 9,449 3Q2016 vs (5,524) 3Q2015 (reason for earnings - this is all timing and non-cash anyway)
- Earnings: Yahoo!Finance had estimate at $0.15, the report is $0.12 (although not sure if this is GAAP to GAAP or not)
- Progress!!! New projects are making progress and it appears are on time
I was hoping for more of a statement quarter, perhaps they will make that on the call or I will read something in the MD&A later.
The company is making better moves today than in the past. The results in the future will be better than the results today. They are now focused on real projects which will produce revenue within 12 months +/- and in parts of the world where their is actual demand.
I am looking forward to reading more, the call or the replay of the call,
Bold Forbes