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Thursday, August 10, 2017 8:11:44 AM
And a pretty good indicator of what the state of affairs are for AWS.
As Larry stated in his PR, AWS will bring in over 10 million in revenue, true.
In 2015 AWS had a gross profit 0f 2.3 million, and a million in cash at the end of 2015. Wasn't that 20% gross profit in 2015?
In 2016 AWS 200k in gross profit but didn't Ponder state in his PR they developed and apply for patent of their UAV mapping system in 2016. Hum. I wonder where the cash from 2016 went to? Maybe an investment into the companies future on it new technology?
Funny I didn't see a 5 million loss to in 2015
$5M in losses per year isn't something you can keep out of the Spotlight for too long
The 5 million shown in 2016 is actually a carry over loss for tax purposes not a yearly loss in operations.
As of December 31, 2016 and 2015, the Company had federal net operating loss carryforwards (“NOL’s”) of approximately $4,966,500 and $2,283,750, respectively, and state NOL’s of approximately $1,535,700 and $71,000, respectively, that will be available to reduce future taxable income, if any. The Federal NOL’s begin to expire in 2033, while the State NOL’s expire at various times beginning in 2019. As of December 31, 2016, the Company also had a net operating loss carryforward of $370,500 in connection with its Puerto Rico operations which will expire in 2025.
and this doesn't sound to shabby either.
AWS’s long term relationships supported by numerous multi-year Master Service Agreements (“MSA”) and multi-year service contracts with major wireless, commercial wireline operators, DAS operators, tower companies, original equipment manufacturers (OEM’s) and prime contractor/project management organizations will continue to be a solid contributor to AWS’s business and the number of MSA with clients has increased in 2017. Management expects and is confident that these long-term relationships with existing clients which range from 4 to 14 years will continue in the foreseeable future. Some clients are large telecommunication companies such as Crown Castle, AT&T, T-Mobile, Entergy, Samsung, Ericsson, Miami-Dade County, Mastec, Tekmark and others, many of which are fortune 1000 and 500 companies
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