Jim...
SCON
News to help support a reason for the jump today..
From NBR... ""And highlighting a few of the big movers here, Superconductor Technologies (NASDAQ:SCON) soaring 1 27/32 on news the companies first quarter revenues will exceed revenue levels of all of 1997. ""
quote.com
There wasn't a gap up on SCON like KKRO, But what a ride from open until 11:00
tscn.com
Another stock with a steady increase in revenues, low LT Debt and low float. Revs. come from Gov. Contracts. (very small amt. from commercial sales)
wsrn.com
Note the float..
marketguide.com
The 10-Q is long,, filed 3/30/98,,
Part I to get the description of business(Wireless FIlters) and plan(""During 1997, the Company underwent a significant transition from a focus on research and development to the introduction of its first commercial product line and the establishment of the manufacturing infrastructure to support the product. The Company introduced the SuperFilter(TM) system for application in the AMPS/B segment of the cellular market and has recently completed the cellular offerings by introducing the AMPS/A product.""
""The SuperFilter(TM) product and increased sales activities have resulted in multiple orders for the product, including an order for eight systems from Carolina West Wireless, a rural service provider. In order to further prove the economic benefits of the product, the Company is in the process of conducting numerous demonstrations and field trials.""
A concern I had was their Net Losses and where they were getting funding for R/D
from end of page 1
"Since its formation in 1987, the Company has received over $45 million in revenue from government research and development contracts, through which it has developed much of the technology used in its commercial products. STI continues to secure government contracts, primarily to fund its research and development efforts, and also to address potential wireless product opportunities in the government sector. The Company has recently hired a Vice President of Government Business Development in order to continue to develop this market..
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My concern was/is over revenues and profit.
I would guess that the revs. of this co. would flucuate with the budgeting of the government. Until they established a larger commercial base they rely on Uncle Sam. One thing that struck me is that they have not increased their float. Yet, are not swimming in debt. Hope to have time to look at this better.
Good Night!!
SJ
Jim.,,,, you have be reporting on some good stocks..
Thanks.. |
