Share Structure from TA as of 04/26/2016 Issued and Outstanding: 88M Float: 80M Authorized: 500M
Revenue based on audited SEC filings: Revenue Q2 2016 = $781k Revenue Q1 2016 = $925k (positive net profit $115k) Revenue 10k 2015 = $2.6 mln Revenue 10k 2014 = $1.3 mln
Company shows impressive growth since 2013 when Trade Leasing got aquired. 100% increase in annual sales between 2013 and 2014. First Q of 2016 is almost equally impressive - $925k Q1 2016 and $554k Q1 2015. Q2 of 2016 continues to show growth of revenue ($781k Q2 2016 and $612k Q2 2015). That gives us $1.7mln in revenue during first half of 2016. Based on recorded numbers we can project close to $4 mln in annual sales for 2016 (company moved to bigger facility last fall of 2015 to continue its growth). Company would have to trade around pps $0.05 to have market cap $4mln. Based on already recorded revenue of $2.6mln for 2015 and very conservative ratio of 1, OS 88M, fair market cap should be around $2.6mln which give us pps $0.03+.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.