SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : ADOT - BIOMODA: Profitable Technology with Purpose
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: scion who wrote (4626)9/11/2004 12:13:40 PM
From: scion  Read Replies (1) of 4650
 
Message 20511665

To:scionist who wrote (6527)
From: Jeffrey S. Mitchell Friday, Sep 10, 2004 11:18 PM
Respond to of 6533

From ADOT, in August, 1999:
With its first unit scheduled for shipment later this year, the company is forecasting 1999 sales at $1.2 million. With gross margins at 52.5%, it plans to bring over $400,000 to the bottom line. Projected sales are $11 million next year with net profits of $4.5 million. ADOT anticipates sales to exceed $100 million by 2002 with net profits solidifying at 50% of sales.

findarticles.com.

So, how close did ADOT get to $100M in revenue by 2002? About $100M short. In fact, they report contract revenue for 2003 as $0. Rather than a net profit of 50% of sales in 2002, they had a net loss of $1,285,830 that year, as well as a net loss of $3,449,994 in 2003. (see: adotsite.com.

What a joke.

- Jeff
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News