Vaso Corporation (VASO)

[OBrien]

VASO -Some things to note from the 10K or CC....

Have added 30 full-time employees in 2016, mostly in the IT segment. Brings total to 311 employees.

Cash at 12-31-2016 was $7.1Mil up from $5.7Mil on 9-30-2017. Cash today is at $8Mil

The IT segment is now the largest segment at 54% of sales and will be the largest driver of growth in 2017. This segment is believed to get past the break even point "soon".

There is some confusion I think over GEHC sales being lower for 2016. Orders in this segment were actually higher in 2016 vs 2015.
GE deliveries were lower.

Deferred revenue at end of year was $19.4Mil This represents $38.8Mil in sales since only half of VASOs commissions are recognized as deferred revenue at the time of a sale. When the equipment is delivered the deferred revenue plus the other half of their commission is recognized in sales.