Krup's stocktastic board

[thekrup]

ANPI- CC was a pretty good. They obviously missed estimates, but stated excellent achievements. One product, Quill, which is a newer product for them has now achieved #3 in the market and they anticipate that it will take over the #2 spot in market share
. This would make the product generate over $100 million a year. Also, the fear of them doing a stock offering seems to be off the table for now as they are generating enough income to keep their payments in check. They stated that restructuring their debt at lower rates is very possible. Lastly, they plan on launching multiple new products this year which would generate more income.

To sum it up, they believe their market has bottomed and they believe they will see revenues increase quarter over quarter.

One thing I forgot to mention was they increased cash on hand by $3.5 million all while paying off about $8 million in debt.