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Good news Advanced Communications Technologies Inc (OTCBB: ADVC) reported financial results for its fiscal year ended June 30, 2004 and updated its performance outlook for the fiscal year ending June 30, 2005. The FY04 net profits mark the first time in ADVC's history that it reported overall net earnings for the year. ADVC reported FY04 net earnings for the year of $475,820 representing a $2,344,851 increase over FY03's net loss of $1,869,031. Management projects gross revenue of $8,000,000 and net income of $800,000 for the Company's fiscal year ending June 30, 2005.
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Assets are 8 million, market cap is 2.3 million. Does that mean it's current PPS is undervalued??
Posts: 212 | Registered: Jan 2004
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