RE: Have some movement...MDActually revenue is only 1.9 M – up from last year but earnings down over the same period last year. Margins decreased. There appears to be little in the way of explanation in the release for what I think is a pretty poor quarter. Instead they concentrate on the 9-month figures, which are still impressive.
Disappointing, I guess it explains the weakness in the share price. With these numbers is it priced cheap at 0.43? Use this quarter’s performance for which I can see no excuse or explanation as a yardstick and all of a sudden you are looking at a company that had a few good months but is now back to doing 1.1 Cents a quarter or spread out and that is 4.5 cents a year.
That is the pessimist view of things though. Top line growth is still very impressive. P/E ratio is miniscule and you could argue that they made money in a sector that is definitely hurting.
With a bit of luck everyone expected the poor performance of this quarter (We know the insider did; us common folk is a different story of course) and it will gain some strength on more optimistic forecasts…