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Microcap & Penny Stocks : The Microcap Kitchen: Stocks 5¢ to $5
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To: GARY P GROBBEL who wrote (19219)3/30/2004 11:54:37 AM
From: CusterInvestor  Read Replies (2) of 120405
 
Gary, IAIC 10K out. Sales were down slightly from last year, resulting in .02 loss compared to breakeven for previous year. Forward looking they are estimating nearly 40% growth in revenues for this year (7.25 derived from below vs 5.3 mill this year).
As of December 31, 2003, the Company estimated its backlog at approximately $23.4 million, of which over $3.7 million was funded. Of the entire backlog, the Company believes approximately 31% will be completed by December 31, 2004. This backlog consists of outstanding contracts and general commitments from current clients. The Company regularly provides services to certain clients on an as-needed basis without regard to a specific contract. General commitments represent those services which the Company anticipates providing to such clients during a twelve-month period.
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