Secure Point Technologies Inc (fka IMSCQ)

[b9molecule]

so having slept on the earnings numbers and the excellent conference call, my takeaway is this…
They have made great strides in breaking into the ETD marketplace and sales are gaining traction. When introduced to buyers the unit sells itself due to the advanced technology and the lower cost…apparently much lower - the competition can give their units away and still be more expensive to operate over the long term -- this is huge.

They have built a solid infrastructure with industry veterans who are ready to take Implant to the next level.

TSA, and the three biggest global shippers, are the big fish that Implant needs to land…and they will, but timing is as usual the wildcard.

The financials, while improving, are still a heavy burden. $119M accumulated deficit is a sobering number.

On the other hand, the EBITDA numbers are steadily improving and I bet will be break even Q1.

We already know that they scored a big $3.5M contract for Q1 2014, and that freight forwarder sales are picking up, as well as to airports and government agencies. I think they might be able to get to $6M for Q1.

jmho

b9