FRISCO, TX--(Marketwired - May 16, 2014) - OxySure Systems, Inc. (OXYS) ("OxySure," or the "Company"), a global leader and medical device innovator of life-saving, easy-to-use emergency oxygen solutions with its "oxygen from powder" technology today announced financial and operating results for the first quarter 2014.
1Q 2014 Highlights :
Revenues were up 48% to $356,229
Sales & marketing expense down 18%
Research & development expense down 96%
G&A expense up 35%
Notes payable slightly up by $25,843 to $375,818
Net loss per share flat at $.01 for the quarter
Cartridge shipments increased 394%
A lot of good stuff. Didn't like the fact that, overall, the company lost more money than it took in last quarter, despite a rise in sales, especially with the cartridges. Still seems to be little buzz around this company. Very curious to see what they are developing with the US military. Hope to see more foreign sales registered next quarter. So where is our eternal naysayer, Sach Leader, to brow beat us investors for failing to properly value a company. Oh, Sach where are you????????????????????//
What they are developing w/the Military Philly is/are...EEBD(Emergency Escape Breathing Device)for the Navy, A High Altitude(HALO)Jump Oxygen/Breathing System for Navy Seals, and a Oxygen/Breathing System for Navy and Air Force Pilots Ejection Seats, amongst a few other Products.
Dang Philly, I didn't think I had to respond to this thread given how obvious the poor performance is becoming, but then you go and remind me how financial statements must look like hieroglyphics to some people. Fine! Fortunately, I can keep it pretty brief here. First, just note that sales were down 34% and gross profit down 58% from the prior quarter. Not exactly the kind of performance you see from a stock trading at 10x revenue, is it? But feel free to keep punting this realization down the road with their false hope talk of the military and Europe. Most importantly though, look how quickly they just went through almost ALL of that $700k of new cash they just raised! Expect a new fundraising announcement any day now, because with $150k of cash in the bank (as of 3/31)...they're almost broke. Again. Serious question Philly - how many more quarters of burning through $500k with declining revenue growth do you think they have left? Sorry, I mean "Oh Philly, how many quarters do they have left???????????????????????"