Q3 Results Things that jump out:
- Back to profitability, infact this Qs profits make up for previous 2 Qs losses
- Loan for previous machine payed off = no interest on it moving forward
- Lossed a customer who was receiving a seemingly more discounted product deal, but apparently we gained anouther chain resturant (don't remember if it was previously reported) and have more potential customers interested
- as mentioned before expecting to purchase a new machine in the next few quarters, expected to be paid with working capital and credit facility as needed
- still have some backlog to work through but catching up
- higher profit margin products seem to be strong
Things to keep in mind:
- about 1/2 our revolving credit facility ($1.5mill max, Prime+.5) is in use, but they note Q-Q there can be up to $400k discrepancies in accounts payable due to bulk purchases of materials & payments from customers on thier credit... (doesn't mention if that is currently the reason for use or an amount)
Hopefully we see a turn around in share price movement as things look generally positive moving forward. After the new machinery is in service we will have to see the FCF for if we may return to dividend capability.