Or maybe not. Enough buying to force upward pressure here. Must still be a small (enough) float.
Q2 Results synopsis:
Six Month Review - Comparison of Six-Months Ended June 30, 2016 and 2015
Net sales increased 125% to $2,111,836, compared to $940,457 in the prior year's first six months.
Gross margin decreased to 3% of net sales, compared to 24% in the prior year's first six months.
Operating expenses increased by $1,916,886, or 154%, to $3,157,867, compared to $1,240,981 in the prior year's first six months.
Net loss was $3,499,236, or $(0.72) per share, compared to a net loss of $1,062,152, or $(0.36) per share in the prior year's first six months.
I'm surprised. The company is growing but not faster than expenses. While at this stage of the life cycle, it's the top line that matters far more than the bottom one, but it's margins aren't improving.
In my view of the world, this stock should be declining on this news, not increasing.
