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The company filed the 10Q :
Results of Q1 are seasonal, already higher than last year..
https://www.otcmarkets.com/filing/html?id=14981162&guid=OJanU63508QMf8h
The next quarters are the important ones, because the vaccination has been done for a big part which will impact economy and life in a very positive way...
All be ready for some action...
The earnings are coming out very soon, the latest next week.
The earnings of Q1 2021, it will be very positive EPS !!
The company had renewed their contracts for much higher price, multiple once. This means the company will probably have $2 per share of earnings, so much more potential to the upside ( this is low estimation, normally should go up each quarter to $2,5 ! )
Excellent news about future earnings - Zacks
Euroseas Ltd. consolidates the ship owning interests of the Pittas family of Athens, Greece, which has been in the shipping business over the past 136 years. Euroseas operates in the dry cargo, dry bulk and container shipping markets. Its management and operations are carried out by Eurobulk Ltd. The company employs its vessels on spot and period charters and through pool arrangements.
This year, the company is expected to grow revenue and earnings by 46.5% and 674.1%, respectively. The Zacks Consensus Estimate for the year jumped 93 cents (26.1%) in the last 30 days.
https://www.hellenicshippingnews.com/zacks-eagle-bulk-shipping-euroseas-genco-shipping-trading-navios-maritime-partners-and-orient-overseas/
The earning of ESEA is coming out very soon..
It will be very positive earnings with all better contracts the company got ! A little boom to the upside is for sure, to $28-30 after no idea....
You were right the company almost didn't dilute !!
Only few 2 millions of shares :
Outstanding Shares 34,059,070 05/10/2021
Restricted 6,210,566 05/10/2021
Unrestricted 27,848,504 05/10/2021
Held at DTC 27,829,065 05/10/2021
https://www.otcmarkets.com/stock/ABCE/security
This is true... pre-covid this company was getting big contracts from almost 1 million dollars.. now the vaccination is advancing better than expected, the company can pick up again where it was, more revenue !
May 3 outstanding shares : 34,059,070
Easy to big jump is already behind..
Now they look to the earnings, "future" earnings and those will be lower, so higher EPS which is not good, if the company really succeeds to get more sustainable income than it will go up..
For the moment stuck between $280 - $320, normally should be buying opportunity, but it also "halved" from the top, which is a while ago now..
Really crazy the stocks last months....
The company beats forecast of EPS AND revenue => stock lower ????
It is becoming a good profitable company !
ABCE SEC filing SC 13G :
https://www.otcmarkets.com/filing/html?id=14896458&guid=aWRnUWqCcmSCb3h
For the moment in the short term : higher bottoms with higher tops
This could go up suddenly.. after it will depend of their earnings on the May 5 2021
Indeed it will go up for sure.
It now made a really nice round bottom :
https://www.investing.com/equities/bandwidth
Click on the candlestick chart
The positive news of the last month gives an excellent support to the stock ESEA !!
Yesterday it started its move up again => +7,74%
And there is more to come, the earnings result will be much better but the next earnings even better, the stock is going to go up again, higher than the previous time, the earnings are out in good 3 weeks.
This stock will easily go up till $28-30 thanks to the better deals for next quarters !
The bad news was the decrease of 51% of revenue...
But if you look their "Sales Product and Services Description" in the 10K, then you see proof of the HVAC company ( $ 28,800, not much of course ) but remember there was a discussion if they bought it, it starts to generate revenue ( of course in COVID-19 times ).
But also their "Energy efficient lighting & other income" this doubled ! From $ 98,759 to $ 193,333
This 2 things helped the revenue to be "only" 51% lower.. if not it would be 61% lower...
Just a little positive read in their 10K
Thank you for your look !
The company is compliant ( again !! ), the company always do deliver the reports since last years... Great !
Now USA will be picking up faster and faster... great for business !
The company won't need to dilute anymore !
UTSI stock searched in pre-market and in the morning 10% and more.
It is confirmed with the big volume.
So news to come out ?
Or somebody found another reason ?
Thanks,
But the volume yesterday was much higher than average volume of last days ( where we had even recently news with high volume !! ) !
The 10K 2020 coming out today or tomorrow ? Possible...
This PR release was from LAST year ( 2020 ) before the COVID-19 got the economy down !!
That sort of contracts can come back soon, hopefully from now on....
The good thing is that the GAP of months ago is filled...
Now it depends of new revenue generators for the company.
Indeed the 10K 2020 will be out shortly, that is for sure.
The company has since last year new accounting firm, which always delivers the reports...
Also beginning last year ( or was it even end 2019 ) the company bought a building and put all their different companies under one roof. This is cost cutting, of course the COVID-19 was a bad timing, it seems that USA is going fast with vaccination, so the end is nearby, so finally the company can do their turnaround with no dilution anymore ( the company survived the crisis, which is also a good sign, even if it is with dilution too )
It is stable, I think they will won't to cover their shorts ;)
The good thing is that the company is doing real things.
Bad thing the company still do dilution...
But if the company comes with those big contracts, like before COVID-19, this could be finally the turnaround...
News out of ABCO Energy, it enters into solar asset management !
Read more here :
https://seekingalpha.com/news/3680499-abco-energy-enters-into-solar-asset-management-business?utm_source=investing.com&utm_medium=referral
But suddenly high volume in last hour, volume is much higher than average volume and stock price goes up till $0,067 ( more than +30% ) !!
An announcement coming out tomorrow ? Often an indication !
Of course like before could be temporary surge of price....
It keeps going higher though...
The activity of the stock is really curious..
Still the stock price stays between $0.008 and $0.010 !!
Another run up will be coming soon... or maybe some news about CSOL !!
It will certainly run up to $0.20 again, after if no news, no activity no clue !
Yes the company did that in the past. But you didn't see the information, last month 0 dilution, a first step, but who knows what after will happen...
You really use any excuse to come and tell us this ??
They were each year late with their yearly resuts, just a bit later...
They have real revenue again, vaccination is going faster, so good news for the future. It has already been proven the company goes forward AND didn't dilute since a long time ago ( so the company don't need it anymore )
The stock is going up with a higher than average volume !
Still some hours to go, the previous rally started like this !
Indeed the chart still looks good, if you take out that one day, still strong, no dilution.
More and more people get vaccinated, the rest of the year could be really good !
This is true...
I'm very glad that the company didn't do any dilution !
That means that it can be run without needing cash, more and more "bigger" work is coming in !
Yes indeed a rare seen nice technical upside channel !
On top of it the company had/did the 4 contracts and more coming...
Finally the company can go fully forward, because vaccination was going much faster than foreseen !!
But the MMs have to buy it back one moment, I hope they have millions to buy back...
Business updates !!! Nice updates !! Great outlook for 2021 !!
* 5G Transport Solution UTStarcom collaborated with a partner to develop a state-of-the-art 5G transport solution, SkyFlux Converged Packet Transport (CPT) platform and its network management and controller, for one of the major China mobile operators’ (MNO) 5G migration.
* Field trials deployment will start soon :
Development of Disaggregated Solutions for 5G Transport Networks As announced in two PRs released in Q4 of 2020, UTStarcom secured a win of a RFP for joint development of a disaggregated platform for 5G transport with one of the major telecom operators in China aiming at further mass deployment with this operator, and completed Phase 1 development and integration of the disaggregated network solution with the research institute of another major mobile network operators (MNO) in China.
* Getting already a part of payment of customer !
India Receivable The Company continues to collect amounts due from its major customer in India. This customer in India raised INR8,500 Crore (approximately USD $1.13 billion) through sovereign guaranteed bonds and cleared a portion of its payables to vendors, including UTStarcom. The Company has collected over $21 million in 2020, with $51 million outstanding.
Financial results 2020 is out :
2020 total revenues were $24.3 million, a decrease of 63% from $65.6 million in 2019.
2020 gross profit was $3.5 million, or 14.5% of net sales, compared to $24.2 million, or 36.8% of net sales, in 2019.
2020 operating expenses were $26.8 million, compared to $30.3 million in 2019.
Full year 2020 operating loss was $23.2 million, compared to $6.1 million in 2019.
Full year 2020 net interest income was $1.0 million, compared to $1.3 million in 2019.
Full year 2020 net loss attributable to shareholders was $23.7 million, compared to $3.9 million in 2019. 2020 basic net loss per share was $0.66, compared to $0.11 in 2019.
=> CASH !! This is really nice, they didn't need to use almost no cash !!
Cash used in operating activities in the second half of 2020 was $2.6 million, cash used in investing activities was $0.03 million, and cash used in financing activities was $0.2 million. As of December 31, 2020, UTStarcom had cash, cash equivalent and restricted cash of $48.4 million.
Like many companies the revenue went down a lot, but not 90%, only 63% !
https://www.otcmarkets.com/stock/UTSI/news/story?e&id=1847740
That is the really good news, very soon more to come, this will give support for these current levels
Coming from almost $600 to know, is almost still half...
But the P/E is still high => 146... more experts are also getting their hands off.. vaccination is advancing really fast in the USA, bad signs for "future" revenue
Really crazy.... But the good news is the company had really good small contracts to start, if more to come more revenue, more profit..
So still this is good news...
True.. but also some disappointed shareholders from before selling, and with a big run like that often profit takers...
But one moment he has to buy back.. Now support level..
Ok I found the big news !!!
"Tuscon, Arizona--(Newsfile Corp. - March 23, 2021) - ABCO Energy, Inc. (ABCE-OLD) (OTC Pink: ABCE), the Arizona provider of integrated energy solutions, is pleased to announce the successful sale of a mobile energy efficiency solution for several remote Border Patrol sites near the Arizona-Mexico border for off-grid power. The Company has now completed one large system for $189,000, one medium site for $29,000 and two small solar energy systems to power entire outpost sites. The smaller systems provide solar powered air conditioning units for storage sites at a cost of $19,000."
https://seekingalpha.com/pr/18243373-abco-energy-announces-completion-of-four-border-patrol-contracts
Any text or link of the news please ?
The opening will be up again.. let's see how high this will go !
The float isn't big for sure, this company is profitable now, so better times ahead !