Post by
Raptorman2013 on May 21, 2018 12:38pm
Q1 results expected soon - perhaps this week................
The year end results reflect a 62% increase in fiscal year revenue to $2,701,010 compared to $1,664,737 for the year ended December 31, 2016 from continuing operations. On March 15, 2018, the Company announced the initiation of a formal process to explore a broad range of strategic alternatives.
The Board of Directors believes that the Company’s strong balance sheet underpinned by cash and the SICPA GFI earn-out receivable of $1.5 million per year until 2022, with potential incremental upside from now through to 2024, combined with its innovative technologies, places Eurocontrol in a unique position to undertake a strategic transaction.
Comment by
kidl2 on May 21, 2018 1:24pm
Since you are using year over year comparisons, let’s not cherry pick by using the top line only. Loss widened in spite of the revenue increase: 2016 Loss from continuing operations: $4,950,348 2017 Loss from continuing operations: $5,423,582 (a 10% increase)
Comment by
Bruceforever on May 22, 2018 11:18am
YEAH !!! With $2,7MM revenue last year, EUO closed below $0,08. Now we need $5MM revenues to be above $0.15 or so. Just believe. But patience, if EUO can not get $5MM revenues this year, it could be the next, or the next, or the next, or the next...So I'm sitting down here with ONE HUNDRED shares, watching Netflix and eating pop corn. The best is yet to come!!!! B4ever