The 10-Q is a complete and absolute disaster. The official SEC filing is very different in nature from the phony prnewswire articles. In the prnewswire articles, Tempus brags about all the contracts that they allegedly were awarded. This 10-Q mentions nothing on the contracts. In fact, it gives the following language:
The Company has suffered recurring losses from operations since inception which raises substantial doubt about the Company’s ability to continue as a going concern. The accompanying consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the outcome of this uncertainty .
However, nowhere does it list the massive contracts from 2016 that got investors excited. They could have listed those 5 big 2016 contracts and specified which contract corresponds to which piece of revenue. That way we would know how things are going with the contracts. As things stand, we absolutely do not know if the contracts are working out or if they will work out. We just don't know that. There is a very high probability that these alleged contracts will fail big.
When the tone of the financials is different from the prnewswire articles, that should be a red flag.
99% of penny stocks are pump and dumps, yet 100% of penny stocks pretend to be in the 1%. Contracts, patents, mergers, partnerships, and other such news are usually "too good to be true" and should be looked at in detail. The source should also be vetted.
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