Has based properly as the averages have started to converge. Still a bit of a downward bias a the 50 day EMA is below the 100 which is below the 200.
207.61.23.98
The revenue increase in their strongest division is pretty weak.
"Revenue for the Company's Communications Products Division (CPD) rose to $1.74 million, an increase of 9.4% over the same period last year."
There are burning money fairly quickly. It does not seem they have raise enough for any really significant initiatives.
"During the quarter the Company filed a Form S-2 with the Securities and Exchange Commission registering an additional 500,000 shares of its common stock. In June of 2000 the Company sold 50,000 of these shares generating proceeds of $272,411. These funds will be used to reduce the Company's outstanding working capital line-of-credit. In July of 2000, the Company reported it completed the private placement of 140,000 shares of its common stock, generating proceeds of $500,000. Funds from the private placement will be used for operating and investing activities. "
cnetinvestor.com
A lot of over head resistance at 11 given the large amount of volume on the 6 month chart, as people will sell as they get even.
cnetinvestor.com
Resistance at 11 being confirmed on the 3 month chart. Support at this $8 level shows up in the 3 month chart.
cnetinvestor.com
6 month, 3 month and 1 month charts indicate most of the volume went through on the current pop a few days back. Volume suggest people bought the initail pull back. Decreasing volume inidcates people are wait for further news to push it back up.Fast stochastic in the mid-range supports the indesiscion on the direction of the next move.
The ultra-small float means it can move a large amount on a small number of shares.
marketguide.com
Revenues are all over the place. No growth year over year or quarter over quarter. It indicates that are having problems making a product sales or product transitions.
marketguide.com
Product wise, a lot of their technology looks directed at very specific markets. I don't see anything to get excited about. Their video fiber optics product are based on supporting older technology/standards. None of it appears to ultra-high band width. Some of it is down right pedestrian in comparison to products like video conference over ATM or voice over IP.They do own a subsidiary that makes video conference over IP though that is more up to date. This is a market that is still looking for a kilerl application though as demand have been slow to evolve.
"
July 27, 2000
"Optelecom, Inc. announced it has received three separate orders for contract services performed by its Electro-Optic Systems Group. BAE SYSTEMS, Underwater Weapons Division, ordered a prototype underwater fiber optic cable dispensing unit to help validate a remote underwater vehicle control method it is developing. The Boeing Company will rely on Optelecom as a demonstration photonic communication system design resource in support of a contract granted under the U.S. Air Force's Advanced Vehicle Management Technology Program. Wright Patterson Air Force Base will oversee a Small Business Innovation Research (SBIR) Phase I award received by the company for work in aeronautical sciences and flight control technology for military aerospace vehicles. Terms of the contracts were not disclosed"
marketguide.com
They are not really a fiber opticals component company though that phrase was in one of the press releases. They appear to make some equipment that can be used to make optical components, though the revenues from that could not be significant if the revenue numbers of $2.4 million from last Q are any indication.
From 10Q:
"Company backlog at the end of June 30, 2000 was $1,451,000. "
So in theory they have 1/2 of last quarters revenues in hand.
"Revenue was down in all segments. CPD's revenue was down approximately $225,000 and is primarily due to the lower backlog entering 2000, offset by additional follow-on sales to a contract shipped in 1999. Paragon's revenue for the same six-month periods was $1,043,817 and $1,740,088, respectively. Lower shippable backlog entering the year and slowness of customers to accept the new products contributed to this decrease. GPD's decrease of $145,000 is mostly due to the discontinuance of the Glint contract at December 31, 1999. "
Technically it is consolidating for the next move up or down. Fundamentally, they don't look like they are doing anything to get excited about near term.
But, they getting the right kind of coverage/hype so the next move may be to the up side.
washingtonpost.com
If they are InterOp on September 25-29, they may get a bounce if they have any new product annoucements. |
