RE:RE:RE:RE:RE:RE:RE:Revenue up, loss down, backlog strong, profits in sightBack in 2014, every week this stock was going up a few cents and ultimately reached .80 cents or so. During this time, the company was loosing a lot of money and had half the contracts it does now. What was the differece? Maybe people thought it had potential to make big dollars, 8 digit contracts? These type of tech companies always spark a certain type of opportunity with investors as there is usually no ceiling.
For the last 3 years, we have seen modest growth and slow but steady progress. These are not attributes which make for explosive, cutting edge stocks.
While I understand everything they are facing and like the fact that they are moving towards profits, I dont understand why they can't release more news discussing their contracts. They used to do this every few weeks where now we might see two updates a quarter which is just strange.
That being said, when companies invest in Snip (such as 4.5million this May), they most likely aren't doing so with a plan to exit within months. These goals must span at least 2-3 years if not longer. It would be great if we could hear more about their future plans other than cutting costs.