Notes on the Numbers:
Gross Margin increased from 10.4% to 14.2% - GOOD
Operating Profit Margin increased from 4.1% to 7.63% - GOOD
Net Profit Margin decreased from 4.8% to 4.7% - OKAY
Working Capital increased from ($1.8M) to $10.7M - VERY GOOD
Current Ratio increased from 0.94 to 1.53 - VERY GOOD
Acid Test increased from 0.48 to 0.91 - VERY GOOD
Current Liabilities decreased by 29% - GOOD
Long Term Liabilities increased by 174% - OKAY (still only approx. 30% of current assets)
Book Value up 7.33%, annualized to 14.66% - VERY GOOD
EPS - between $.003 and $.005 per share - OKAY
Current P/E (based on $.016 closing price) - between 3 to 5 - BAD
TODAY PBLS MARKET CAP IS $33.2M, OR 32% OF BOOK VALUE ----CRAZY!
"Experience: that most brutal of teachers. But you learn, my God do you learn." C.S. Lewis
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