Vaso Corporation (VASO)

[OBrien]

We are now in to strong seasonal quarters so the next couple reports should be pretty telling..
Bookings are up, IT segment is growing and the company says they will be profitable which would take a couple of very solid quarters.
I continue to think we will get a huge bounce on a solid report but I could be wrong!

"Given that our order bookings in this segment remain very strong, as reflected in the significant increase in the deferred commission revenue by $3 million, or 18%, from a year ago, we anticipate higher equipment deliveries, thus higher revenues, in this segment in the future quarters," stated Dr. Jun Ma, President and Chief Executive Officer of Vaso Corporation. "Revenue in our IT segment increased 7% but the real growth in our healthcare IT VAR business is still yet to manifest in the financial statements, as order backlog in the VAR operations was almost double from a year ago, which will turn into revenue once the underlying products and services are delivered."

"Therefore, we expect to deliver another profitable year in 2017 and maintain a strong financial position as we continue to generate positive cash flow from operating activities," concluded Dr. Ma."