Ingen Technologies Inc (IGNT)

[dlewisfl]

Today's price action pretty much tells you what's possible with this low float and news that's perceived as good. IMO, todays press release was not good when viewed along with the first quarter '06 numbers. Revenue for 2nd quarter was down over 50% compared to first quarter, gross profits were down between 70 - 75% compared to first quarter.

No surprise they gave us the SIX MONTH figures, putting numbers like "increase over 300%" brings the buyers in. We're still riding the coattails of the monster first quarter, it appears.

Does anyone know if the Secure Balance has seasonality issues with sales? Looking at what this device does, it wouldn't seem like there should be so much fluctuation in sales from quarter to quarter, unless they targeted a small market which is drying up and need to expand their marketing efforts.