The PR says that forecasted sales for next year are estimated at $30 million. The company also claims the signing a contract with a unnamed manufacturer valued at $6 million in additional revenue. The information is a bit vague, but that is in line with previous press releases by SMAA.
At least two paid promotions are aimed at pumping SMAA. One promoter disclosed a $42.5 thousand compensation, and the other one - $2.5 thousand. In both cases a third party paid for the promotional services.
SMAA has been reporting revenue growth and net income for a while. The numbers aren't too impressive, but if the company's forecasts are anywhere near accurate it could become a profitable enterprise.
However, traders and investors should keep in mind that SMAA is in the habit of announcing seemingly positive news with very few details, and there is, as usual, a lot of risk involved.