Axesstel Inc. (fka AXST)

[gitonwithit]

The best thing I like about this company is that their eggs are not all in one basket. They do business in Venezuela, other parts of Latin America, Eastern Europe, the Middle East, and Africa. 52 customers in 37 countries total.


Some other interesting tidbits:

They have $25 million in accounts receivable from Venezuela alone. The risk in developing countries is large, but the rewards are as well.

If you also notice, they wrote off $997,000 of debt as uncollectable and deemed $0 as uncollectable in their latest 10Q.

Gross margin is expected to be in the low twenties compared to 16 percent in 2006. Data products estimated to bring $40 million compared to $25.6 million in 2006.

For the nine months ended September 30, 2007, net loss was $4.0 million compared to a net loss of $6.8 million for the nine months ended September 29, 2006.