"Cost of goods sold increased by $158,000 (9%) during Q3 04". Why?
"Research and development costs decreased by $75,000 (70%) to $32,000 in Q3 04 as compared to Q3 03" "During the remainder of the fiscal year, we expect to see continued decreases in R & D expenditures". API is not a tech company anymore but a buy and sell electronic companent or a dealer house.
"The quarterly decrease in marketing is primarily due to a recovery of amounts previously recorded as bad debt expense"
Revenue and earning could be worse without this recover.
"General and administrative expenses increased by $114,000 (25%)". "The net increases in quarterly to date periods continue to be due to increased salary, depreciation, insurance and outside service/consultant expenses"
Money has to be spent somewhere.
"$227,000 was used for capital expenditures required primarily for necessary computer and manufacturing equipment upgrades."
Again, business has other costs.
I saw more negative stuff than any positive in API 10Q. In this market, I don't put money in a dead company. EAG will be $3 by next few months($1.88 now). MBAY ($1)will gain 50% by next month and API is lucky to keep current price($2.20).
If you don't wasnt anything to do wooth API, then stop you posting. Your posting is like p...ing in the wind. It will always blow bakc in your face. In this case it shows your lack of understanding or intelligence. Take your pick.
Please don't misunderstand me. We're not interested in what companies did in past but what they're doing now and in future. I recommended MBAY last time when it was $1 and then went to $1.60. When it was at $1.40 I recommended sell and now I recommend buy. Same thing for API. When API gets to $1.50, I will say strong BUY but at these prices I say strong sell.
Hey cash - you're talking but you're not saying much. But thanks for your persistence! With your every post, the higher we go go go! Wheeeee!
MBAY is DOWN from its 52-wk high of 1.65 by 40% while API is only down by 12% from its 52-wk high. API is headed back UP while MBAY doesn't show any signs of life. Now, which stock is doing better? YOU can do better - can't you?!
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