(Pink Sheets: CYSG) CAPE Systems Group, Inc., a leading provider of software technology for packaging design, pallet optimization, RFID Asset Tracking, inventory and warehouse management, supply chain execution and order fulfillment, today announced preliminary unaudited financial results for the three months and nine months periods ended June 30, 2010.
CAPE Systems Group, Inc. reported revenues of $1,209,863 and $2,421,056 for the three and nine month periods ended June 30, 2010, respectively, compared to $0.5 million and $1.7 million for the three and nine month periods ended June 30, 2009, respectively; representing increases of 142% and 41% over the prior year.
The Company also reported income from operations of $221,416 and net income of $52,079 in the quarter ended June 30, 2010 which compared very favorably to the net loss of $1.1 million (before $16 million of extraordinary Gains on Settlement) for the same period last year. As of June 30, 2010 the Company had $433,000 in cash to support current operations.
The significant improvement in operating and net profit for the Quarter ended June 30, 2010 resulted from a significant increase in revenues combined with tight cost controls.
Now how is a stock with 1.2 million in revenue for the quarter valued at .0002 per share? Well no one is interested. Though 1.2 million sounds like some pretty good revenue, they have only scratched the surface of what their market has to offer. With companies like Oracle (NASDAQ: ORCL) and SAP (NYSE: SAP) posting billions in revenue for the year CYSG could have a bright future.
I recommend adding this to your watchlist if you haven't already. This company is one big contract away from the PPS exploding.
As always do your own DD before purchasing any stock. Here's a good place to start with CYSG. Check out their list of customers.
http://capesystems.com/cape_systems_customer_list.htm
Happy Trading!
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