NightCulture Inc (fka NGHTD)

[Seekingalphacontributor]

On a valuation/fundamental basis, yes. So why isn't trading there? Management isn't doing what it could be doing to add value to the stock. The company didn't provide any discussion regarding earnings for the past quarter.

These are my notes:

Night Culture Q2 Results

Highlights:

Revenues: $1.656m and 31% Q/Q
Operation profit: $174k up from -$23k Y/Y & -$197k Q/Q
Gross Margin: 47%
Operating profit margin: 10.51%; compare -1.80% Y/Y and -15.57% Q/Q
Cash: $220k up 318% Y/Y and 104% Q/Q
Gross Profit: $774k; up 62% Y/Y and 40% Q/Q
Total assets increased 19% Y/Y and 23% Q/Q
Liabilities also decreased -19%
EPS: 0.01
Revenues per share TTM: 0.095
In 2014 Q2, NGHT produced 63 events netting $1.656m in revenues. Comparatively, 2013 Q2 NGHT produced 43 events (one of which was MDF) and netted $1.280m in revenues. NGHT has already produced 111 events YTD, which has brought in $2.921m in revenues, an increase of 27% Y/Y.

To say the least, this was an extremely impressive quarter for NGHT.

Forward Guidance for 2014 Y/E

Sales of $8m to $10.5m (increased from previous estimate of $7.6m)
Operational income $846k to $1.5m

Something of this nature should have been in a press release. The company needs some sort of "IR." I don't know why management thinks investors will magically find out about the company if they aren't doing what they can to attract new investors and keep current investors interested.

I still think the company is worth at least .10 a share.