What made my day from the CC is that IMSC expects to turn a profit in CY2013. 500+% top line growth will get you a premium P/E relative to the S&P 500. The sky is the limit for the PPS as the orders roll in.
Our QS-B220 Benchtop Explosives and Narcotics Trace Detector successfully met the requirements for acceptance onto the Transportation Security Administration ("TSA") Air Cargo Screening Technology List, opening new markets for our products, domestically and internationally.
Completed the shipment with the India Ministry of Defence and received payment of $5.6 million in cash, which was applied to reduce accrued interest and borrowings under our credit facility with DMRJ Group, LLC.
Continued to increase our geographic distribution with sales to India, Asia, Africa, the Middle East and to several U.S. Government agencies. Increased diversification of markets served in the recently ended quarter to include; homeland security, corporate offices, airports, air cargo, transportation, nuclear plants, VIP protection and the petroleum industry.
Funny how the bashers ignore this statement in the CC: "IMSC expects to turn a profit in CY2013". Instead they make claims no statements were made about expectations of future sales. Again, pure distortion by bashers. Everyone needs to listen to the CC and here what ACTUALLY was said.