Eurocontrol Technics Ord EUCTF

Technology Computer Systems

"Eurocontrol Technics Group Inc is a Canada-based company involved in acquisition, development, and commercialization of security, authentication, verification and certification markets. The company through its subsidiaries is engaged in designing, manufacturing, marketing of energy-dispersive X-ray fluorescence (ED-XRF) systems, and developing technology and property that combines two-dimensional (2D) and three-dimensional (3D) image processing technology respectively."

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Eurocontrol Technics Ord > Q3 bets

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Comment by Ringerton Nov 30, 2017 5:56am

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Post# 27061154

RE:RE:Q3 bets

Thanks for the analysis as always Chutzpah! Did you notice Bruce recently had a lovely trip to Israel as well to join the Croptimal launch party? Spending that money wisely!

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Chutzpah wrote:

Chutzpah wrote: Here are my predictions. Anyone else care to play?

Revenue: 400K
GP: 250K
Expenses: 1.6M

Loss: 1.3M

Liquidity position after July SICPA payment (cash+A/R-A/P): 7.3M or 0.078/share

Looks like I was spot on. EUO is SOOO predictable.

Revenue : predicted, 400K actual : 490k
GP: predicted 250K actual: 265K
Expenses: predicted: 1.6M, actual: 1.78M
Loss: predicted: 1.3M, actual: 1.395M

This turd financial release puts an end to the BS from NDD endeavour etc... calling this a GROWTH company. They were talking revenues above 700k and stock to rebound to dobule digits. What a load of garbage, these pumpers with their agenda are the worst. Always listen to unbiased objective sources of information like a few poster are here: myself,kidl,Bruceforever,Ringert...

Here are some highlights for the Q:

- 100% revenues from Xenemetrix. Still not a peep about XwinSys selling anything. Croptimal The Joke 0 revenues.

- S&M expenses up 24%. Administration expenses up 10%. R&D up 7% from previous Q
Sales down 30% and Net Loss up 42%. Salaries stable. Good Job Bruce!

- Net liquidity (Cash + A/R - A/P) down to 7.7M or 8.3c a share. Right now down easily to 7.2c after yet another 2 months of burning cash like there is no tomorrow ( aprox 900K less in 2 months).This is much worse than I had previously enticipated: Liquidity position after July SICPA payment (cash+A/R-A/P): 7.3M or 0.078/share.

Translation : EUO has now less than 2 years before it goes to Big Fat 0 on the balance sheet . Note dor Dummies: No, this wont concern Bruce or Doron and their nice fat salaries and travels or R&D contractor entities bank accounts. But generally holding shares with 0 equity on them will not look good on your broker´s account.

All in all a realy nice quarter.

Keepp up the Good Work Bruce & Doron!!!