BlueFire Equipment Corp (BLFR)

[STOA]

Interesting annual revenue reported here:

http://geoinvesting.com/forums/yaf_postsm14300_New-speculative-research-for-BLFR.aspx#singleMsg

Bluefire (OOTC:BLFR) became public as a self registered IPO on August 13, 2012. BLFR is focused on developing proprietary technologies for use in the oil and gas production industry. Currently its only product line consists of various sized drill bits, and it believes that it will require at least three years of development before it will have fully diversified product lines.

When the company went public its annual revenue run rate was around $56,000, apparently all from one customer. The company ended up reporting 2012 revenue of $51,000, down from $73,000 for 2011. Well, it appears that the company may have lost this one (albeit whopping) customer, as it reported zero revenues in it 2013 first quarter. The company has, however, begun to issue press releases discussing its “explosive growth” opportunities. Thus, we will begin tracking this story for promotional activity.