AppSwarm Inc (SWRM)

[sweet crude]

SWRM Posts Profit for 2016

Reports Profit for 2016

For the twelve months ended Dec. 31, 2016, the Company reported revenues of around $589,000, which compares to just $0 for the same twelve month period in 2015.

For twelve months ended Dec. 31, 2016, the Company reported a net income profit of $540,451, or a $0.01 EPS, as compared to a net loss of ($2,115), or EPS of ($0.001) per share during the same period in 2015.

Low PE Multiple

Based on its reported profit, SWRM stock is still only trading below a PE of 2 based on its $0.01 EPS earnings. Giving the fast growth aspect of small cap stocks of this nature a simple PE of 20 to even 40 times earnings would value this stock around $0.20 to $0.40 based on trailing 2016 earnings.

....with new games and ecommerce sites launching this is primed to run.

SWRM