Lets Get a Clear Picture here: TNG is Growing its Business at a very impressive Clip. Its IP Patent Portfolio is starting to Show its underlying Value.....their Distribution footprint is nearing 100 Milllion Devices....
Back in 2011 Annual Revenue was $5 Million with 60.5 Million Shares O/S -
Market Cap Peak $55 Million (11x Sales)
Now in 2013 Annual Revemue is $10 Million with 80 Million Shares O/S.
Market Cap $9.6 Million (1x Sales) So Revenues have Grown 100% in last 24 Months....and SP Dilution has crept up only 35% and Market Cap is now a Rediculous in 1/5 of what it was 24 months ago when ??????
The Business has streamlined extremely well and expenses CUT considerably - TNG is almost Break even -
PROFITBLE. So Basically we have a High Growth Tech Company Trading 1x Sales experiencing above average Growth where the foundation for Future Sales growth has been established and now the Rewards soon ready to be enjoyed.
It is so obvious that the Market is not Placing the Proper Valuation on this Co. These Guys are
Not Serial Venture Exchange Diluters like 90% of the listed Co on the exchange. These Guys are managing their expenses and Growing Revenues and they deliver on Bringing in NEW Contracts Regular.
I think the Market has been so overly pre-occupied with the Resource Sector that Tech has been overly neglected. Now that investors are turning their backs on Resource Sector...watch the Crowds Stampeed Back toward the Technology once again. The Rush will soon begin in earnest IMO. 5% of the VSX is Tech. When the Rush Hits...Companies with Existing Revemues and a Growth Trajectory Like TNG are going to be well embraced. ....Timing could be Perfect....Big Contracts on the way. TNG could be a Market Darling of the VSX in 2014