Inrad Optics, Inc. (INRD)

[THE MICROCAPITALI$T]

PHPG .90 ...there is a LOT going on here and several strong hints came in the last PR earn report as to how business and programs were going...incl new products referenced last spring that deal with nanotech........given the order flow, book to bill ratio, backlog and other info in the PR I am expecting a strong qtrly release...and when demand develops for this stock it moves:

This is a very imoportant chart. Most important is that long 18 mo or so base...nothing up or down...flatline...then the company started releasing some positive news, incl the Northrup news...the new stream caused the rise and the spike and we came back down and retraced about 70%...KEY is we did not pierce prior range or baseline....stock held and as chart reflects we are now beginning to edge back up again.....these 'extended flatline'/breakout' chart formations are the most lucrative in my experience...they almost always return significant gains...meaning multiples....2x-5x++...:

CHART

http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=phpg&sid=0&o_symb=phpg&f....
PPGI Reports Higher Sales and New Orders for Q2 and First Half; Raises $1.35M Via PIPE
Monday August 16, 12:06 pm ET

LAST PR


NORTHVALE, N.J., Aug. 16 /PRNewswire-FirstCall/ -- Photonic Products Group, Inc. (OTC Bulletin Board: PHPG - News) reported financial results for its second quarter and first half, which ended June 30, 2004.
The Company reported total revenues for the second quarter of $1,917,000, up 67%, and $3,723,000 for the first half, up 59%, respectively, from the same periods last year.

Product bookings for the second quarter were $2,400,000, up 33% compared the same period last year. Product bookings for the first half of 2004 were $5,429,000, up 86% from the same period a year ago.

Product backlog at June 30, 2004 was $3,890,000 as compared with $1,890,000 on June 30, 2003, up 106%. The backlog was up 14% from that at the end of the first quarter.

Cash flow from operations for the first half of 2004 was positive at $123,000 as compared with a negative operating cash flow of $423,000 for the first half of 2003.

Income from operations was a loss of $190,000 for the second quarter and a loss of $604,000 for the first half, as compared with losses of $368,000 and $698,000 for the same periods in 2003.

Net income was a loss of $265,000 for the second quarter and a loss of $755,000 through June 30, as compared with losses of $438,000 and $796,000 for the same periods in 2003.

Net income per share was a loss of $0.08 for the quarter, as compared with a loss of $0.09 per share in the second quarter of 2003. Net income was a loss of $0.17 per share for the first half of 2004, compared with a loss of $0.16 per share for the first half of 2003. EPS includes an adjustment to net income of $165,000 in 2004 and $54,000 in 2003 for the common stock dividends paid on Company preferred stock in each year.

Dan Lehrfeld, President and CEO of PPGI commented, "Our gross profit margin recovered during the second quarter, with the integration of legacy Laser Optics operations to our facility in Northvale, NJ. Order intake remained strong for both INRAD and Laser Optics, and our backlog is up once again. I anticipate continued sales growth in the third quarter. Cash flow from operations is improving, but the first half results were also favorably skewed by large cash advances from two OEM customers. We both have been and will be deploying more cash this year than last year into our growth strategies."