optt is another stock i follow trading at cash value. i think this makes these stocks low risk speculative stocks. is that an oxymoron? either way the 10q was expected as they transition into a software services model. at least they increased their margins in this business and lowered administrative costs overall.
These guys do not know how to put on a "good" CC. This quarter looks worse than the last quarter. Net loss of 1.573 compared to 1.484. How disappointing. Over promise and under deliver. Something big would have to be going on right now for them to reach their guidance projection of Profitability by fiscal year end. With this 3rd quarter with no improvement, I do not see it happening.
It's hard to get your arms around their convoluted report, but does it say that they still have $16 mill. in cash (or equivalents)? If so, that's about 50 cents per share, which is about what it's trading for.