Although the main reason LQMT has been featured all over the market is the name of Apple, they are not focused solely on them. The company has several contracts in various industries with the name of Swatch Group, Ltd. standing out. They have been steadily increasing the products they offer with the addition of five new prototypes in the last quarter. And yesterday an article was posted on their official site declaring one clamp prototype getting closer to real production.
In its latest quarterly report the company disclosed:
- $5.5 million cash
- $6.2 million total current assets
- $4.4 million total current liabilities
- $122 thousand revenues
- $3.4 million net loss
It is apparent that the company is still suffering great losses. They will need to increase the funds from sales and cut their expenses. Some problems also arise from the issuance of common stock which is currently 320 million outstanding shares with another 18 million issued last week. The maximum authorized amount was also increased with 100 million and now is 500 million shares.
Investors attracted by its stable fundamentals and future promises should nevertheless do their due diligence. Currently the stock is extremely volatile suffering corrections after every positive run.
Another company that is also unable to find stable ground is NanoTech Entertainment, Inc. (OTCMKTS:NTEK). But the biggest news that hit the market was the Caveat Emptor symbol given to the prolonged Awesome Penny Stocks pick - Xumanii, Inc (OTCMKTS:XUII)