Kaloyan Gadzhev

Q3 Results Bring MacroSolve, Inc. (PINK:MCVE) Down

by Kaloyan Gadzhev November 11, 2011

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4MCVE_chart.pngDespite announcing another quarter with revenue growth, MacroSolve, Inc. (PINK:MCVE, MCVE message board) closed in the red yesterday.

At the end of the session, one share of MCVE was worth $0.097, an 11.82% decrease. The volume of 1.9 million shares is a 52-week high for MCVE. The performance landed MCVE a place in some unpaid alerts.

The 10-Q was the obvious reason for the unseen trading volume. MCVE reported $593 thousand net sales, which is indeed a significant increase, and the fact that it came through software products and licensing is also encouraging. However, the numbers were not all good.

MCVE recorded loss from operations and net loss again, although both numbers are a bit lower than the respective amounts for the previous quarter. There has also been some dilution, but it is not in the alarming proportions common for Pink tier companies.

In the press release issued about the report, MCVE CEO Steve Signoff said the numbers don't yet reflect the previously announced agreements with Donald Trump Jr. and the Richards Group.

MCVE_logo.pngWhile there are some positive developments shown in the report, the market reaction would suggest traders will require a much better performance from MCVE before they feel comfortable paying a higher price for MCVE shares. On the other hand, the alerts could get some more interest in MCVE today, but since they are not paid they are less likely to have a significant effect.

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Comments 4

1. mbrayden674
November 24, 2011, 07:23AM

Quotes Maybe, you are right. The share price is ready for an acquisition too.

2. Guest
November 23, 2011, 02:33PM

Quotes If you had ever worked for this company, you would know how messed up it is. The mechanics for this company's dysfunction are inherent to it's culture and management. Not something that could be fixed without gutting it and starting over. My best wishes for the employees and hopes for an acquisition by someone who actually knows how to run a software company, McGill, Parr and company do not.

3. luca.connor
November 22, 2011, 06:13AM

Quotes Regrettably, your estimations may be too optimistic. Since 1997, MCVE has cumulative total losses of $12 million.

4. Guest
November 21, 2011, 11:31AM

Quotes Macrosolve is entirely too top heavy. GSA expenses grow in a disproportionate rate in relation to revenue, so even though revenue is increasing, expenses are increasing at a higher rate. Look for Macrosolve to end the year with record setting losses in excess of $2,000,000 resulting in an accumulated deficit in excess of $13,000,000.

The only thing this company is ripe for is acquisition or further dilution.

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