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ENGlobal Corp. Message Board

  • tom_rosplock tom_rosplock May 15, 2013 9:25 AM Flag

    Back in the Black

    Profit, profit, profit. INVESTYOURBUCK!

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    • Not so fast my friend, profit came from sale of field services, not from current ops($1 mil loss). They decided to recognize this revenue in Q1 of 2013 instead of Q4 of 2012. Its a one-time thing and a strategy to try and build momentum.

      Debt is down however which is good and should help with interest cost. If they can turn a profit in current ops, then a corner will be turned.

      Basically saw some good news, some bad news in the report. Interesting to see where they go from here but I would say Hold right now.

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