I was just wondering about the financial,
Last year were excellent
Six consecutive profitable quarters. VTSI has started on $2.5 million worth in contracts. However, they recognized about 1.2 million in the revenue for this last quarter. That means at least 1.3M will be recognized in the 4th quarter assuming they finish all requirements. Quarter to quarter over a year to year basis, revenues grew 40.7%. Costs also increased (expected when you see this much growth). Operating profit increased 48.3% when comparing September 2008 to September 2009. Net Income increased by 92.4% while cash on hand improved to $259,780, as compared to $116,456. Shareholder equity also increased over $1,170,000. Dutchess liability now reduced to $326,311. Indications of growth: Page 9, Section X of the latest quarterly lends credence to this. Their lease expired in October and they have renewed the lease for another year and a half. Plus, they leased additional space in the same park due to "current and future growth".
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