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Re: speedracer post# 553

Thursday, 05/12/2005 9:36:54 PM

Thursday, May 12, 2005 9:36:54 PM

Post# of 33394
Re: "They have announced percentages and revenue but not the bottom line numbers. I'm sure that is why we have seen the PPS holding close to $.04 . If we get numbers that are very close to break even or CIRT turns a profit we should see a nice size uptick. I do believe their will be some sell off but most see the light at the end of the tunnel and it is getting close (large profit and the PPS is above $.10.)"

Speed,

It won't be long, and will find out about the Q numbers. Last year the 10-Q was filled on May 21-st. So, it might be out by the end of next week, or early the following one:

http://www.pinksheets.com/quote/filings.jsp?symbol=cirt

One thing for sure: the last 4 Q's performance it's impressive:

http://finance.yahoo.com/q/is?s=CIRT.OB&annual

31-Dec-04 30-Sep-04 30-Jun-04 31-Mar-04
Total Revenue 3,632 2,627 1,958 646
Cost of Revenue 2,978 2,070 1,563 434

Gross Profit 655 557 395 212
Net Income 839 (552) (501) (445)

Based on the: (i) huge 04 (reported in the last 10-K) gains over 03 ($8.863MM revenue for 04, compared to $1.215MM in 03), and (ii) the large contracts that CIRT received starting the beginning of this year, this Q should be even better, IMO.

I don't know about you folks, but (thus far) CIRT is my 05 stock of the year. Once more people find out about it (after it starts moving, as usual), this indeed has a good chance to bring to the longs a 10+ bagger by next year.

Best to all,

Mike


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