PRSN not sure everyone has noticed."Carnell also took steps to shift the culture of the company, changing out 75% of the leadership team and half of the board. This year, Perseon issued guidance for sales of $3.5 million to $5 million, with gross margins of 65% to 75%.
Even with the hard work to reshape it, the company has had a rocky path. Earlier this month, it flirted with delisting by Nasdaq, but managed to bring in enough interest from investors to raise $4.3 million to avoid the jam".
that was the reason for the huge drop from $3 (back in June 2015) to $.40 and this is no longer in Effect!!.equity is over $8M now!.Upcoming events are solid as well.
Assets/Debt ratio more than 4 now!!(very solid): After raising an additional $4.3m (Insiders bought 155k shares at .88),the balance sheet very solid:
A/O June 10Q :Total current assets $ 4,187,752 vs Total current liabilities $ 2,405,835 .the ratio was about 2(solid). A/O August 4 ,Total current assets about $ 8.4m!!,Assets/Debt ratio more than 4!!(very solid).
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