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Re: VortMax post# 6750

Wednesday, 06/29/2011 7:54:46 PM

Wednesday, June 29, 2011 7:54:46 PM

Post# of 32960
You guys realize UYMG beat its 2011 revenue goal of $2.5M just 6 days into 2011 on January 6th LOL..... How? Orders and contracts were sold prior to that for the 2011 year. Maintainance contracts are typically 12 months and show up as revenue on a monthly basis. Software sold is not collected as revenue until installation. Presses sold are delivered months after the sale. Anything you hear PR'd as revenue nowadays was sold a while ago. Just keep counting the $$$$$$$.

They had $2.5M in the books for 2011 before Martin Luther King day which represents $500K in net profit....since then they have raised 2011 guidance to $5M in revenue....

I'll say it again, 94M O/S, over $1M net profit, use whatever PE you want......

http://ih.advfn.com/p.php?pid=nmona&article=45905950

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