WPCS International,Inc. (WPCS)

[ash111]

Honig reports 9.92% passive stake in WPCS International

Read more at:
http://thefly.com/landingPageNews.php?id=2489755

2.8m O/S a/o today. company is moving Forward w/ solid recent contracts, great earnings and strengthen Balance sheet:

Last 10Q, For the six months ended October 31,2017 reported $118k net income vs $6.1m net loss For the six months ended       October 31,2015.
  As of October 31, 2016, we had a backlog of unfilled orders of approximately $16,325,000 as compared to approximately $13,200,000 at April 30, 2016

Since second half year 2015 the company signed a few contracts:

2015- WPCS Increases Fiscal Second Quarter Contracts to $8 Million with $1.2 Million New Contracts in October

then WPCS announced $2.6M in new contracts during November.

According to Sebastian Giordano, Chief Executive Officer of WPCS, "With these new contracts, we continue to demonstrate consistent growth in our business. Our final total backlog as of the second quarter ended October 31, 2016 was $17.0 million, an increase of approximately 29% as compared to $13.2 million as of our fiscal year end April 30, 2016."