"Second quarter net income from continuing operations improved to $1.2 million, an 82 percent increase from the same period in the prior year."
"Cash balance ended the quarter at $964,000, down from $1.4 million at the end of first quarter."
So if there was Net Income, why the Cash burn? Shouldn't the Cash balance be at least $1.2 million higher, not lower?
"By LISA BEILFUSS And AUSTEN HUFFORD
Updated Dec. 14, 2015 12:13 p.m. ET"
That article was from 7 months ago...where's the deal?
Well, ITI appears to have drawn some analyst/investor interest around the time they issued their last earnings statement, and the stock price has gone up much faster than expected.
"...the trial did find that in a pre-specified patient population of boys who had baseline 6-minute walk test results of 300-400 meters, there was a highly significant benefit of 47 meters (P = .007). The company also reported that no patients in the treatment group lost ambulation (0/47) versus 4 patients in the placebo group (4/52)."
Do you now know how to read?
Or comprehend what you read?
You quoted what appears to be some great results from the trial! LOL!!!!
If I was a parent of a child with this health issue, I would have him/her on it ASAP!
I believe this 'run up' is a result of analysts/investors taking a financial interest in the company and establishing some early positions before the revenue growth is shown to be sustainable (i.e. next earnings report).
And it looks like the market maker is setting up to try breaking through the $3 barrier (why so many shares were sold at $2.95 yesterday without the stock price moving above it).
It's more like UQM went into the China 'Shark Tank' and made a deal with an interested investor, giving up a majority interest in the company.
I would have questioned the legitimacy of the investing company more if it was not headquartered in Hong Kong. If it were headquartered in any other location in China, only then would I agree this was a bad move.
Yes, it's dilution, but at a purchase price of $.72, which is a cash increase of approximately $48M for UQM.
So not only does this increase the cash holdings, but provides UQM the ability to fill the anticipated, future Chinese orders without having to build out its own manufacturing facility.