Monday, April 01, 2013 9:05:32 PM
As per my calculations YOY increases are as follows;
--> 103% increase in revenue
--> 106.1% increase in Operating income
--> 744.6% increase in Net Income
--> 809% increase in Cash from Operations
--> Very good amount of cash on hand in comparison with last year
$1,809,085 from $21,612
Although gross margins tightened from 26 to 21% due to higher cost of revenue.. I see this as a non issue as some margins have to be sacrificed in the expansion stage of the company. I am sure once they have larger economies of scale margins should stabilize as costs will be more distributed among their revenue base. Some of these costs are most likely attributed to the adding of new products which as they gain traction will be sure to be great profit generating lines.
The company has some good pipeline of expansion projects on the go, I am sure earnings will only continue to go up from here...
Great job to the management team! This one is sure to be a winner...been accumulating all week..not many sellers out there which is a good sign!
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