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Strategies & Market Trends : $10 and Under : New 52 Week Highs

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To: The Ox who wrote (509)11/22/2007 6:17:07 AM
From: bruwin of 557
 
RMDX. The company’s upward price move started, in earnest, in August ’07, a month or so after its Q2 was published.
In a way, I’m somewhat surprised, considering that RMDX has yet to make a Bottom Line profit.

According to its Annuals (in $mil.) we see :-

2004 2006 2005
Turnover = 1.1 0.9 1.1
EBITDA = -3.5 -7.8 -7.9
Net Income = -6.4 -11.0 -23.8
.
.
According to its last 3 Quarterlies we see :-


2006/12 2007/03 2007/06

Turnover = 1.0 1.6 3.1
EBITDA = -7.0 -6.0 -4.2
Net Income = -7.8 -7.0 -5.3


If there is a positive aspect in the company’s results, it’s the fact that recent T/O has increased quite appreciably and Bottom Line loss has conversely declined.

Of course, the obvious question to ask could be whether or not this is sustainable "going forward".
There are, it seems, those in "the Market" (Speculators ?) who believe it is, judging by the slope of the upward price trend !

As usual, the future financial numbers will tell the story.
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