Based on that what should we expect by the end of the fiscal year (March 31, 2000)?
Revenue
Products $7,200,000
Services 250,000
7,450,000
Cost
Products $5,040,000
Services 160,000
<5,200,000>
Gross Profit 2,250,000
Operating Expense
S & A $ 670,000
R & D 860,000
<1,530,000>
Operating Profit 720,000
Other Expenses <195,000>
Profit Before Taxes 525,000
Taxes <178,500>
Net Income 346,500
Outstanding Shares 119,000,000
Earnings Per Share $ .0029
Price/Earnings Ratio 25
Stock Price $ .07
So, after the numbers are out do you think EDIG can get the market to continue to think in terms of the future (the long term)get the price to go up high enough to get a P/E of 3000... OK... 2000?
With those earnings and a P/E ratio of 2000 our stock would be worth over $5 per share.
Will the market continue to believe that EDIG is worth 2000 times its earnings?
I hope so. I also hope the outstanding shares don't get much hire before the end of this fiscal year.
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