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Re: Traderfan post# 18939

Tuesday, 12/02/2014 11:43:29 AM

Tuesday, December 02, 2014 11:43:29 AM

Post# of 84325
If we go with the law of averages I would have to completely agree with you. However, this is not the average OTC stock out there. I am hoping that this company will make some strategic decisions and apply monies that would normally go towards the investment of their growth into an accelerated reduction of these notes.

Here is a quick snapshot of what their current financials and operating history look like:

-2011: $165,000 revenues (audited)

-2012: $7,100,000 revenues (audited)

-2013: $16,100,000 revenues (audited)

- Revenue for the nine months ended September 26, 2014 increased 52% to $18.1 million as compared to $11.9 million for the nine months ended September 30, 2013.

-2014: $25,000,000 revenues (PROJECTED) with the company showing $4 million in A/R, $1.5 million cash (PROJECTED) and positive EBITDA

-Growth from 2 to 30 branches in just three years

As of 11 November 2014:

-Increased gross profit margins from 15% to 25% over the last 12 months

-Revenues up 28% to $6.8 million vs. $5.3 million a year ago

- Same branch revenue up 12.5% year-over-year

- Over 1400 customers

- EBITDA of $121,577

- Adjusted EBITDA of $344,731

Outstanding shares as of November 4, 2014: 55.5 million.