$NEWL Balance Sheets, Financial Statements, & More Fundamentals
Everyone focuses on different lines of balance sheets and income statements, so I don’t intend to do a line-by-line parsing of these documents. Stevia Corp. has only recently achieved profitability, in their 3rd Quarter of 2013, and there is significant risk associated with young assets, especially small cap companies. I recommend that anyone interested in the company do their own research (and share what they find). That said, looking through Stevia Corp.’s financial statements, here are some of the impressive figures that have caught my attention:
Total revenue has increased from $2.1M in fiscal year ending March 2013, to $6.3M in fiscal year ending March 2014. There has also been an increase in each quarter’s revenue for the fiscal year ending March 2015 and the company has projected another record harvest in Spring 2015 (the large bulk of which will appear on the company’s Q4 statements), which has speculators looking forward to another increase in annual revenue.
For the last four quarters ending September 30, 2014, Stevia Corp.’s assets have increased: $3.6M, $4.3M, $5.4M, and, finally, $5.9M.
Over the same four-quarter period, Stevia Corp.’s liabilities have decreased from $2.8M to $1.4M.
On June 30, 2014, the company produced their first positive earnings per share (EPS) of 0.01, with an EPS of just under 0.00 for the quarter ending September 30, 2014. With a Q1 EPS of 0.01, Q2 EPS of 0.00, and knowing that the company’s largest quarter by revenue is Q4, some speculate that Stevia Corp.’s first positive EPS will appear on finance websites/services that use a trailing twelve month (TTM) figure once the statements for Q4 ending March 2015 are released. This will be the first time in the company’s history that a positive P/E ratio is reflected. http://jonathancraig.org/5-reasons-invest-stevia-corp-otcqb-stev/