Replies to post #51481 on Bantek Inc (BANT)

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Put another way, Howco in just reported federal revenue is averaging $66,137.50 per day in revenue for last quarter.

Contracts have been flying in and a lot more contracts and revenue have been PRed since then, and there's the late June 1.7M contract that had no purchase orders to speak of in the quarter ending June 30, so assuming this daily average for the quarter, Howco's federal-only revenue would be in the neighborhood of $6,084,650 for the quarter, which would be their best quarter ever by a mile and over a 50% revenue increase quarter over quarter.

Mind you, this is only reported federal income I'm projecting. There are other revenue streams from state agencies and commercial customers.

They also showed an increase in margins last 10-Q, and there's been a large reduction in debt as the toxic notes have been converted. Their bottom line will show a massive improvement.

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Add $87,391.23 more for July 24 and 25, bringing last quarter's known revenues to:

$1,684,692.21 - known revenue for July (July 1-25 & July 27 coast guard PO)

$1,826,142.21 - that July rev. + other known quarterly Coast Guard rev

2,292,137.21 - Above revs plus a handful of recent quarterly contracts not already tallied as reported by Governmentcontracts.us

all this data is available at FPDS.gov and Governmentcontracts.us

The above Howco July revenue means it's averaging $64,795.85 in revenue per day for last quarter, for a projection of $5,961,218.20 in just federal government revenue for the quarter, which would be a +50% quarter over quarter increase. This is just reported federal revenue - Howco has other clients including state agencies and commercial clients. Presumably the Drone biz is generating some revenue as well.