quote:Originally posted by Flanker7: Beautiful chart, support here, in at .44
BTW new symbol for anyone interested is SDGL (more accurately reflects co.s business) TA's look very good for a nice short term gain here over next few weeks imo. Looking here for a 1.00 by summer by the way they are growing. Posts: 188 | From: illinois | Registered: Jan 2004
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quote:Originally posted by man4apenny: [QUOTE]Originally posted by Flanker7: [b]Beautiful chart, support here, in at .44
Looks like it's making a run today! Up .06 now or 17% Will go higher when 10k comes out
Posts: 188 | From: illinois | Registered: Jan 2004
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quote:Originally posted by man4apenny: [QUOTE]Originally posted by man4apenny: [b] [QUOTE]Originally posted by Flanker7: [b]Beautiful chart, support here, in at .44
Looking sweet up another .06 to .50! Will move into .50s until 10k comes out then watch out!
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News came out late in day. Annual filing is here Wednesday April 14, 3:23 pm ET Earnings Register Seven Fold Increase Over 2002 Revenues Increase 27 Percent
NEW YORK--(BUSINESS WIRE)--April 14, 2004--Secured Digital Applications, Inc. (OTCBB:SDGL - News) today reported that its net income for the year ended December 31, 2003 was $815,373, an increase of more than seven times the net earnings of $98,649 for the same period of 2002. The results were reported in the Company's Form 10-KSB filed today with the Securities and Exchange Commission. Revenues for the twelve months ended December 31, 2003 were $15.9 million compared to $12.5 million for the twelve months ended December 31, 2002, a 27 percent increase.
The improvement in revenues and earnings is attributed to an increase in fees earned from the production of multimedia programs and project consulting services. Sales and marketing expense decreased from $60,384 in 2002 to $38,623 in 2003, a 36 percent decline. General and administrative expense for 2003 was $899,513 as compared to $720,882 for 2002, a 25 percent increase. However, included in the 2002 general and administrative expense, was a reversal of $168,421 for a prior year allowance for doubtful receivables. Excluding this amount, general and administrative expense in 2003 would have increased by 1 percent when compared to 2002.
For the year ended December 31, 2003, the Company generated net cash of $645,438 from its operating activities as compared to net cash of $302,203 used in operating activities for the comparable period of 2002. The Company believes sufficient cash will be generated in 2004 to fund its operations.
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