RE:RE:Extremely bullishIdentillect Technologies Corp. Condensed Consolidated Interim Statements of Loss and Comprehensive Loss (Unaudited – Prepared by Management) (Expressed in US dollars)
three months ended September 30, For the nine months ended September 30, 2017
2017 2016 2017 2016
Revenues 236,894 $ 175,676 $ 642,920 $ 480,926 $
As of september 30th Identillect was already at 85 000 monthly reoccuring revenues. Meaning they have a real product that real clients value. They now are in the process of forming strategic alliances to increase their sales force without incuring upfront costs. They are signing important clients on a weekly basis.
They have done a PP and will have full exercising of warrants giving them all the cash they will need for product developement.
What more do you want from a venture exchange company? This has a market cap of 23 million cdn$ market cap. Right now, using revenues from sept 30 2017 Identillect is trading at 18.04 times revenues (1.25 exchange rate). Sell if you think a 23 million cnd$ cap is too high. The market will eventually catch-on.