The report that came out on November 14 is not very good. There production recalculations. Instead of profits of $ 580,000, losses were 11,000,000. In the next quarter, there will be a profit of $ 700,000- $ 800,000. But the sediment remained. That's why the stock did not grow on the good news. But to sell while no one in a hurry. Since here the technical level and in 1-2 weeks we will see a reduction in shares by 2 times and also by the end of the year new contracts. And maybe a contract with SAMSUNG !!! So you need to be patient and wait.
Atlas Technology Reports 1Q18 Results
On November 14, 2017, Atlas Technology International filed its 10Q for the 1Q18 for the three-months ended September 30, 2017.
Atlas Technology reported 1Q18 revenue of $2.2 million compared to $236,000 in the year-ago period. The company reported a net loss of $11.1 million or ($0.20) per share compared to a net loss of $113,000 or breakeven per share. The current period included an $11.1 million loss on change in fair value of derivative liabilities. Excluding the change in fair value of derivative liabilities the company had a loss of $21,000 or breakeven per share.
Taglich Brothers estimated 1Q18 revenues of $2 million and net income of $230,000 or breakeven per share.
