with improving fundementals behind it. it trading at 1 x sales right now. based on the last 8.7mm contract. are thier more deals coming up ? I hope so..... the float is not to big ( 20mm ) is that correct ? with thier new infusion of cap they should be ok from a operating side ? anyone have any insight beyond my attempts of making sense of this oppurtunity. not alot of reports available . thanks
The new business awards announced today mitigate any negative impact to our backlog as reported at June 30, 2009 from foreign currency translations, contract amendments and terminations and revenue recognized. The Company had reported consolidated backlog at June 30, 2009 from continuing operations of $19.6 million which compared to a backlog of $23.5 million at June 30, 2008.