posted
Low share count as well. This company at current level is only valued at $572,000. They made $5 million!!!
Posts: 4381 | From: houston | Registered: Mar 2006
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posted
The company reports initial sales of 50 machines, with sales of 50 additional machines expected within the next 90 days. Between the machine sales and ongoing testing revenues, these sales alone should generate yearly revenues of about $3,000,000- $4,000,000 from this initial marketing effort. This is in addition to the existing Premier business that is reporting strong growth for the quarter ending September 30, 2006.
Michael Gelmon, Banyan CEO, speaking to analysts said, "I am very excited about the rapid growth of our VT3000 and the revenue potential that will add substantially to Banyan's bottom line. Revenue from our Diagnostic business as reported in our recent 10Q filings have exceeded $5.4 million on an annualized basis, this additional income will help us turn the corner to profitability. Within 5 years, the market for the VT3000 could exceed 2,000 units per year and produce a yearly revenue in excess of $40,000,000."
Posts: 395 | From: south dakota | Registered: Nov 2006
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posted
I can't imagine a company like this being valued at 500k. This has 1000% gainer written all over it.
Posts: 4381 | From: houston | Registered: Mar 2006
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