Pharma and a few penny stocks
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COULD FLIRT WITH .02 today
I ate that dip with chips LOL
Loaded anything below $3 :)
I was looking at some of the recent data and crunching some numbers and this could be at .05 sooner than later...
I let the word out once we broke a penny and some of my killer whales came in for a taste... This is going to be an epic run IMO
I agree
That would be nice to see a breakout here. :)
NICE!!!!!
After today I think 2 pennies could come quickly. I was thinking late Summer but this is running like a deer.
I just sold a bunch of my 2 to 5 dollar stocks to add more here. LOL. Look out above. :)
NEW INVESTORS AND EYES - HAVE A LOOK
VERUS INTERNATIONAL, INC. REPORTS 145% INCREASE IN QUARTERLY REVENUE, ANNOUNCES LARGEST FUNDED BACKLOG IN COMPANY HISTORY
Gaithersburg, MD, March 25, 2019 (GLOBE NEWSWIRE) -- Verus International, Inc. (“Verus” or the “Company”) today announced financial results for its fiscal 2019 first quarter ended January 31, 2019. In conjunction with this release, the Company is also providing a more detailed description of its strategy for fiscal 2019.
For Q1 2019, management is noting the following items of importance:
Revenue set an all-time record of $2.4 million in Q1/19, an increase of 145% over the $996,125 logged in Q1/18.
The company’s gross margin was approximately 15%, in the higher expected range for the current product mix.
Operating expenses increased 43.3% in the quarter due to extensive legal and other costs related to the recapitalization, but will normalize in future quarters.
Despite extensive one-time costs, the Net Loss showed a 45.8% improvement over Q1/18
Payroll expense fell 33% to $98,223 in Q1/19 compared to Q1/18, an indication of the leverage in the current operational model when coupled with record sales.
“The Q1/19 results showed more of the growth that is coming, but also had the heavy legal and other expenses associated with the recapitalization effort that was announced just eleven days after the quarter’s end,” explained Verus CEO Anshu Bhatnagar. “These are one-time charges associated with what was a very challenging multiparty negotiation. Legal and G&A accounted for nearly 80% of our operating expenses during the quarter, so these line items are going to be dramatically reduced in the next quarter. Without these one-time expenses, Q1/19 would have been a profitable quarter.”
On a forward basis, the Company would like to provide the following update:
Verus has its largest funded backlog in Company history, currently at $24 million for delivery over the next 12 months
The Company’s unfunded backlog continues to be very large, but management has elected to discontinue publishing this estimate pending additional trade or working capital financing
All of the announced orders to date, along with orders under negotiation, are reported at base rates, with the potential for considerable expansion
The Company is in very late stage talks with commercial sources of credit to unlock a portion of the unfunded backlog
In terms of potential mergers and acquisitions, Verus is conducting due diligence on eight candidates and is moving forward on several of these companies. Two of these negotiations are at the final negotiation stage. It is not possible to say how many of these candidates will become operating subsidiaries until final contracts are completed.
In response to numerous investor questions, the Company does not have a reverse split planned at this time, but intends to grow organically to reach the necessary market cap level required for an uplisting to a major exchange
Verus continues to aim for an uplisting during calendar year 2019
“We have decided not to conduct a traditional earnings call this quarter, but will resume that practice next quarter when our financials return to a more normal spacing. Quite frankly, I have so many projects at critical phases, that I want to get these across the finish line as quickly as possible,” said CEO Bhatnagar. “I am currently working on M&A, new orders, and commercial credit arrangements for new business both overseas and, for the first time, here in the U.S.”
“In terms of the just reported quarter, investors should note that costs surrounding the recap were extraordinarily high and those expenses will normalize in the next quarter, making for some dramatic decreases on some of the expense lines. Because of that, we expect to begin generating an operating profit in future quarters, with bottom line profitability coming as well. In terms of calendar year 2019, our growth rate will continue to accelerate in each successive quarter as we layer on additional business. Based on our discussions with new sources of growth, we also anticipate significant product line and geographic expansion during 2019, with the potential to enter new countries and add higher margin consumer product categories. This is shaping up to be a watershed year for Verus.”
Interested investors are reminded to watch for product updates on the official Twitter feed @Verus_Foods.
Retest .017 and above tomorrow IMO
Awesome
IF THE VRUS IS A ROCKING DON'T BOTHER KNOCKING
I love the smell of people making money
.02 by tomorrow LOL
LONGGGGGGGGG LOL
You as well.
LOL!!!! I was adding a million more shares over .01 LOL. I did not want to see a sub penny close. Have a great weekend TF
i bought another million LOL
I smacked 10k into the close. LOL. You're welcome.
great run today. go have fun people LOL
I think we will slowly trend to .02 and we should be there by july or august
Been a long road but we made it back up. LOL.
I think we could see .02 but late Summer.
Agree. I think we have won the day. penny plus about to register :)
ask being stacked yet again. who hates money? not me. LOL. TGIF
Yes I remember when we all jumped in last Summer. This has been a good one to hold on to. I added another rack today my shares today as well. LOL
BEAST MODE
Did I do that. LOL!!!!!! WEEEEEEE
anything over .01 will be very bullish and we have the whole weekend to simmer in this win. keep the pressure on gang. I am tapping for a few more here to push us higher.
Excellent trading here gang. we only have 33 minutes to go so anyone with some spare powder please help support the .01 and above cause. LOL. I have seen stocks drop hard after hitting .01 and we do not want that. we want a green close above .01. Fire at will :)
Hey I am CRON long too. LOL
My average is down around .0025 and I am still slapping today LOL.
2020 will be our year. I have millions of shares purchased in 2018 in and around .0025 to .003
This is going to fly soon enough. We all need to throw a few bucks at the ask when we hit resistance. This is how teams of traders make money. we as a group can push our value up and also buy additional shares.
I agree. But someone is stacking it
I agree. They just needed to break away from the other company and regroup. Now it is on their dime and on their time
LOL. We have all kept core positions. Shhhh... LOL
You know when I show up good things happen... LOL