RE:VOLUMEThanks for your comment regarding my post.
I have to say two things:
Some people would of been happier to see 15 million in revenue for the quarter with negative earnings, if the stock would of held at .35 cents. I would rather of it stayed at the price it was before earnings, and taken the 20 million in revenue. This is not the type of company you buy for a 8% yearly return. This is the company you buy to go to $1.00 or more.
Regarding the stock price.This stock closed the end of 2023 at .20 a share, and I was down money on my shares. In mid 2023 it was at .15 cents a share.
Even if we use year end 2023 (.20 cents) to today, the stock is up 38% ytd. The point is some people complain not realizing how good the company is actually doing. We just had back to back quarters of twenty million. If i'm correct the first quarter of 2023 we did 7.2 million in sales. That number will be a joke to beat. Ex. If we had 30% growth in the first quarter of 2024 compard to last year first quarter it would come to 9.36 million in sales. Please explain to me how a comany can do the last two quarters of 20 million and drop to 9.6 million. I would think they would have to get at least 11 million in sales for the first quater of 2024, with their huge backlog. That would be a 50% increase from the first quarter of 2023.
Feel free to comment on my post if you think my logic is wrong. Please just give me thoughts on the company and not the stock. The stock ran up a lot in the past year, so that may explain why it only moved up a drop on earnings. Actually it moved up 15% this week, and 100% from a year ago. Please also be factual about the company and not some dream.