Advertisement
Advertisement
U.S. Markets open in 5 hrs 7 mins
Advertisement
Advertisement
Advertisement
Advertisement

CynergisTek, Inc. (CTEK)

NYSE American - Nasdaq Real Time Price. Currency in USD
Add to watchlist
1.2900+0.0100 (+0.78%)
At close: 03:38PM EST
1.2700 -0.02 (-1.55%)
After hours: 07:33PM EST
Advertisement
Sign in to post a message.
  • T
    Tom
    Revenues have been decelerating. Market doesn't like that. May be worth watching as they are in the right business at the right time and their chart may be forming a base. Valuation metrics are cheap. Price to sales ratio of 0.81 and price to book ration of 1.25 are both low by all measures. If they are able to improve revenue stock will move.
  • M
    M
    CynergisTek Announces 3-Year Contract With Leading Medical System Resulting in Highest Annual Bookings in 3 Years

    Wed Jan 05 12:15:01 2022 EDT
  • T
    Tatanka
    Market cap is $16M right now. They have $25M in assets. The market is valuing CTEK for significantly less than their cash. That makes no sense. They should be trading around $1.80 right now. Just weird . . .
  • D
    Dan
    Perhaps 2021 did not end as "strong" as the press release said?

    Increase in revenues and more importantly, a return to profitability (after 3 years of losses) is what is needed.
  • D
    Dan
    Looks like the head of Marketing leaving. Probably good. CTEK marketing spend hasn't delivered any ROI in years.
  • D
    Dan
    Nice "spin" of today's PR for a contract renewal.
    Bearish
  • D
    Dan
    More dilution disclosed in today’s call. In less that 1 year (Nov 2020 to Oct 2021) the company has diluted shareholders by over 20%. Where’s the oversight?
  • D
    Dan
    Good news, I guess. But not sure these "fluff" press releases help.

    No client name or testimonial, no dollar amount, no real detail on scope (30 locations - could be 2 hospitals and 28 ambulatory clinics). Six-figures could be $100,000. A mid-level security engineer earns more than that in annual salary. How can you make profits this way?
  • V
    ValueKing
    Turn is in place, Company suspended and is in the process of terminating the ATM equity distribution agreement in light of progress with recent post-pandemic growth initiatives.
    Backlog has increased to $18.5M. Visibility has never been stronger, Founder back in the seat, only 4 months in has dramatically revamped sales initiatives. Call voiced larger and add on contracts. Steady accumulation, take out candidate imho...
    Bullish
  • D
    Dan
    More free shares given to Board members. Per SEC filings, looks like 110,000 so far. And new COO gets 160,000 shares ostensibly vesting over 4 years (but has acceleration clause). Elections have consequences!
    Bearish
  • D
    Dan
    Interesting PR this morning re: Craig Hallum investment conference. Note CTEK did a dilutive offering through Craig Hallum exactly 1 year ago (see below). Could this mean more company shares being sold soon at $1.52?

    FROM SEC Filing 10-Q for Q2/2021
    On November 12, 2020, we entered into an Equity Distribution Agreement with Craig-Hallum Capital Group LLC (the “Agent”), under which we may offer and sell, from time to time at our sole discretion, shares of our common stock having an aggregate offering price of up to $5.0 million in an “at-the-market” or ATM offering, to or through the Agent. The Company agreed to pay the Agent a commission of three percent (3.0%) of the gross sales price per share of any common stock sold through the Agent under the Equity Distribution Agreement.

    During November and December of 2020, the Company received gross proceeds under the Equity Distribution agreement of $2,027,000 from the issuance of 1,315,000 shares of our common stock and paid an aggregate of $61,000 to the Agent in commissions and $123,000 in other offering-related expenses, yielding net proceeds of $1,843,000.
    Bearish
  • D
    Dan
    Seems a little top heavy for a 100-person, <$17M revenue company that is losing money. Just sayin'

    Mr. Michael H. McMillan, CEO
    Mr. Paul T. Anthony, CFO
    Mr. Timothy P. McMullen, COO
    Ms. Carrie Mulcahy, VP Marketing
    Mr. Steven Rivera, SVP Sales
    Mr. Rafael Lammie, VP People and Culture
    Mr. Brian Flynn, Head of Investor Relations
  • J
    John
    $CTEK up 6% today after company news (cyber security co.)
    - Recent contracts finalized, including a partnership with US based federal credit union
    - Also another $300,000 multi-year Resilience Partner Program agreement to provide annual security risk assessments, penetration testing, and advisory services expanding its services outside of healthcare for a leading globally recognized sales enablement firm with nearly 2,000 customers.
    Bullish
  • V
    ValueKing
    Bottom line of the 4Q2020 Conference Call.
    2021 is starting to ramp, 1Q21 will be the low point and expected, the surprise on the call is that CTEK is already receiving revenue from the CMMC Cybersecurity Maturity Model Certification (CMMC) for the 300,000 suppliers to the Defense Industrial Base under our RedSpin brand!
    Also CEO voiced this opportunity can be 30-40x greater than the Hospitals.
    Valuation is based on the future, everything on our desk is the past!
  • j
    jeffbas
    First through the CMMC certification process is impressive and supports my previously stated view that this will be a transition year, with this certification setting up the development of a larger sales pipeline in the last half of the year and solid sales growth and stock price performance next year.
  • O
    Otto von
    A lot of underlying strength.
    Someone is buying the dips.
    Volume is always high on a turnaround (after a slow down tick of a few cents, say 5-10 cents, suddenly heavier volume emerges and drive the price right up quickly)
    Wish I knew what was going on.
  • J
    John
    $CTEK - Up 3% on the day, and looking for big gains after obtaining multiple six-figure clients in the past few weeks. One of which was from a US-based Federal Credit Union for $300k.
    $WSGF - Also Up 3% on the day, with a scheduled news release tomorrow of revenue/company growth. Recent news reports from $WSGF have shown as high as 4x times revenue growth.
    $DPLS - Been volatile in these past few days but I'm in it for the long term with this stock.

    All three stocks have major potential for gains this month in my opinion, what do you think?
    Bullish
  • T
    Tatanka
    Well that was short-lived! : )
  • V
    ValueKing
    Material contract with Valley Health System, coupled with UHS cyber attack, CTEK is a massive Buy
Advertisement
Advertisement