NanoLogix Inc (NNLX)

[Petro_Drlg_Engineer]

Speaking of dealing with FACTS regarding Nanologix company income; here is what is available from company website:

2010 Revenue $640
2011 Revenue $892
2012 Revenue thru 3 Qtrs $64,418

Anyone dispute the above numbers?

Per recent Jan 29, 2014 Business Journal article:

'"The Petri plates are our main items of sales right now," Barnhizer reports. "We're also working on the development of other diagnostic kits." The company manufactures 13 types of Petri plates and plans to add more, he says.'

"NanoLogix manufacturers "a few thousand" of these plates per day at its eight workstations, Barnhizer reports."

"And, the company has been involved in at least six classified projects, Barnhizer says."

"Barnhizer made a request to Gov. John Kasich's office before Christmas and inquired about help through the International Trade Assistance Center and its local representative, Mousa Kassis. The first year of sales of the five-year agreement is expected to yield about $900,000."
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Per the company website, non-discounted prices for petrie plates range from $1/plate to over $2, therefore making a wild GUESS the average plate revenue to the company is $1/plate. "A few thousand" plates per day, seems to be at least 3000, as 2000 might be described at a Couple Thousand. Also assuming 5 days per week, results in 20 working days per month * 3000 per day * $1/plate = guess on monthly revenue of $60000. Discount this by 50% because of assumptions gives a conservative monthly revenue of $30k. $30k * 12 = $360k per year revenue.

Therefore working off FACTS of growing revenue based on public financials had yearly revenue growing from less than $1,000 per year, to +$60k in 2012, to a guess of +$360k for 2014, even without the $900k from the Saudi deal.

Bottom line is that it appears company revenue is increasing. Yes, would be better to have real-time audited financial statements, but investors have to make decisions on available information, not on what one would like to have.

Full disclosure do not work as a investment advisor or CPA or Tax Accountant, so this is only my personal opinion. Maybe others are professionals at this and post here, but as of yet the only ones posting appear to be similar to me, taking educated guesses at tax law, etc unless others want to disclose they know for a FACT something just assume what you want.