Yes Jack, but look how much their expenses went up to gain that 20 percent, comparing to last year you have to disregard the impairment charge Telvue took in 2010. With out that, even with the 20 percent increase they lost:
3,242,949 in 2010 vs 3,493,732 2011, in otherwords they lost an additional 241,000 dollars on top of the additional income.
Their overall loss excluding the impairment charge rose 7.7 percent? Even more so the general and administrative expenses for their products increased 60 percent? Just wait until the new marketing director's salary is added to that in 1st Q.
Going to be another interesting year, with only 252 shareholders of record, there will no longer be any large swings in pps, and very little upward movement on share price. 99.98 is just too high a valuation to place on the company that continues to burn through cash.
Statement says that they have enough cash to get them through the next 12 months, take another look at their assets??
They have only 151,134 dollars in cash on 31 Dec 2011. Having a net loss of almost 3.5 million dollars equates to a little over 290,000 dollars net loss each month. Cash has to come from somewhere??
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