How many contracts currently reported in these financial statements are newer ones? Newer contracts would have higher startup costs and thus, they would lower the net, yet raise the revenues. I still say Dexter Morris will land more and more contracts as time goes on, the net will rise proportionately, and solid investors will see that this is not a fly-by-night company, but one poised for long-term growth and worthy of long-term investment.
If I had any advice for Mr. Morris, it would be to put an answering machine on the investor relations number with relevant information and simply update that information with what he could anticipate current investors wanting to know. Since he does not put out "fluff" PRs, there is no need to hire or pay a PR firm. I think he thinks current investors expect an investor's relation firm, but, for me, I would much rather see no shares being spent on what has been proven over the past year to be a complete waste. Wait until everything comes together when you actually need a firm, but make sure it is one that works on a billable and verifiable time frame for specific functions WHEN they occur. Perhaps pay one for answering investor calls ONE day per week, so they get paid for only 8 hours of work weekly -- even ONE day every 2 weeks might be sufficient.
Many will use the impatience of others to position for long-term gains, I suspect in here because typical sellers here seem to think a PE ratio is a bad thing. They'd much rather keep throwing money at companies who will NEVER turn the corner.
