Income Statement
Revenue (ttm): 4.36M
Revenue Per Share (ttm): 0.021
Qtrly Revenue Growth (yoy): 280.40%
Gross Profit (ttm): 825.14K
This, even with 484MM sh outstanding (I'm not sure what the actual trading float is, if anyone knows this, pls advise), has a current market cap of only about 1/2 of sales for the year, while growing those revs at 280% year over year.
Now, if they can really sell 50 of those VT3000's this quarter they're going to get into solid profit mode, the share selling should come to a welcome end and they should be able to fund much more from cash flow. This is in addition to their other biz that they say is reporting strong growth for the past quarter.
At that point they can start working on their share structure, hopefully retiring and/or buying back, avoiding the dreaded R/S. It seems to me that this team MUST be savvy enough to know to avoid a reverse split and the malodorous stench that become associated with a co when that rabbit is pulled out.
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