Losses always grow along side company growth and expansion. As PHOT keys in on it's Gift financing, regulatory kiosk, and effectively market it's new product line (coming out this month), revenues will start to outweigh the loss column.
PHOT is still one of the best stock in it's Sector, in the hottest trading Sector, in one of the Biggest Money Industries. And is up over 600% in the last five months.
PHOT is one of the few Fully Reporting Pot stocks on the Market. Still considered the Sector Leader. As of Third Quarter was top in audited Revenue in the Sector as well. With one of the top Management Teams in all of pennyland!
PHOT operates in a 550 Million Dollar Hydroponic Industry. The Marijuana Industry looks to become a $45 billion per year Industry over time.
Combining the two Industries is an amazing proposition.
Growlife products appeals to both Medicinal and Recreational growers, as well as Commercial growing operations. As well as the Indoor Gardening Hydroponic Industry, including Gardners and the Farming Industry.
PHOT has Industry Leading products, such as it's Phototron line and it's Stealth Grow Led Lights. As well as over 3000+ other products. With some newly developed products coming online soon.
Being in the right Sector at the right time, PHOT is not disappointing:
As of Quarter Three year-to-date 2013 revenue from sales increased to $2,939,026 from the $776,125 recorded in the comparable period in 2012. For the quarter ended September 30, 2013, revenue was $1,313,399, an increase of $837,529, or almost two times, the $475,870 in revenues recorded for the same period in 2012.
The Company, through a Joint Venture (JV) has recently received a commitment to receive up to $40,000,000 to be used primarily on acquisitions, GrowLife Infrastructure Funding and Technology program (GIFT), and other expansion initiatives.
And is under new Leadership headed by former Yahoo/Microsoft Exec, Marco Hegyi, wow!
According to Hunt last December, PHOT was in talks with twelve potential partners, three that were deemed serious and ready to go, and to top it off, they had a waiting list through March.
My guess is they are wrapping up a certain number of Gift deals, so they can clump them into one P.R.
My prediction off this news, PHOT may climb to .50+ So lock and load, PHOT is getting ready to rock the market once more!
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