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The Company's revenue for the six month ended June 30, 2007 increased to approximately $2,261,777 from $1,226,550 for the six month period ended June 30, 2006 due to the acquisition of UTSI International, Inc. From pinksheets.com this and a significant tweezer formation should make a very interesting few days here. good luck
Posts: 660 | From: california | Registered: Nov 2005
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More to come on IHGR imo when the CEO elaborates on the 10Q. Also watching LDPH , IPHE, SRSR for bottom buster breakouts ... good luck
Posts: 660 | From: california | Registered: Nov 2005
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News not on Yahoo yet. Most of the investors will get it tomorrow. IHGR should have a post R/S run tomorrow when the ceo's commnents hit the wires. The MMs are collecting the shares at this level. They will let IHGR fly soon. IHGR: O/S: 80 M shares. Rev: 4.5 M$ Fait Market cap: 9 M$ Market cap: 160 K$ The pps is under valued by a factor of 54. The MMs will correct it when they are done with the accumulation.
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Also a lot of traders use microcaptrade platform for scans and eod results if IHGR closes green with good volume and #of trades friday could be explosive imo
Posts: 660 | From: california | Registered: Nov 2005
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Thanks Jim. Looks good for tomorrow or whenever the 10Q news hits the wires. Last time around, they filed the 10Q the next day after the late notification.
-------------------- JMHO. Do your DD. GLTA. Posts: 392 | Registered: Dec 2005
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Revenues. Net sales from operations increased to $1,208,642 in the three months ended June 30, 2007, from $757,836 during the same period in 2006. This increase was attributable to the acquisition of UTSI.
Cost of Sales. Cost of sales for continued operations during the second quarter of 2007 increased to $603,975, or approximately 11%, from $533,420 during the second quarter 2006. As a percentage of net sales, cost of sales during the second quarter 2007 decreased to 50% of net sales, as compared to approximately 70% of sales for the comparable period in 2006. The decrease in cost of sales as a percentage of net sales resulted primarily from the preliminary undertaking of new business products through the mergers. As a result, we generated a gross profit of $604,667 with a gross profit margin of approximately 50% for the three months ended June 30, 2007.
Expenses. Selling, general and administrative expenses, and research and development expenses, expenses increased to $1,504,853 in the second quarter of 2007, from $943,936 during the same period in 2006. This increase was attributable to the addition of UTSI, and to research and development expenditures of $107,072 in the three months ended June 30, 2007 compared to $-0- during the corresponding period in 2006.
Operating loss. We incurred an operating loss of $1,013,379 for the three months ended June 30, 2007, as compared to an operating loss of $870,074 for the three months ended June 30, 2006. This increase in operating losses was due primarily to increased research and development expenses.
-------------------- My opinion is only that. Posts: 384 | From: Colorado | Registered: Oct 2006
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Anybody still watching this...Just noticed the 10-QSB came out last Thursday...
We incurred an operating profit of $330,117 for the three months ended September 30, 2007, compared to a loss of $450,042 for the corresponding period in 2006. Our loss for the nine months ended September 30, 2007 decreased to $977,399 from $1,771,417 for the corresponding period in 2006. This decreased loss was primarily due to us beginning to achieve our goals.
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