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Date:	2009-01-21
Price:	Free
Pages:	3
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craig braun · Guest

phillies won!

bearsnbulls · Guest

COPSYNC or COP OUT
MORE SALES = BIGGER LOSSES

COYN, a case of arrested development

On August 18, COPSYNC Inc. released its second quarter report for the period ending June 30, 2009.
After reviewing the financials, we have determined that IT IS A DISASTER !!!
Actual recognized license revenue was $26,292

Cost of Hardware and Software for the licenses was $19,336.

Revenue for the quarter was a mere $5,908....BEFORE OPERATING EXPENSES!!!!!!!

But OPERATING EXPENSES were $577,687 which resulted in a MAJOR LOSS.
SALARIES were DOWN by $84,000....

WHY CUT STAFF if business is growing????????

Software development costs were capitalized, usually these costs are expensed, but that would INCREASE THE LOSSES!!!!

COPSYNC reported that 72,763 officer initiated information requests were sent by their system.

COPSYNC DID NOT REPORT how many of these requests were answered.
3600 officers were using the COPSYNC system.

Over the 3 month reporting period each officer sent LESS THAN 1 MESSAGE

EVERY 3 DAYS

This is NOT VERY EXCITING NEWS

COPSYNC reports the actual license fees received, but GAAP forces them to recognize revenue on a monthly basis over the life of each contract.

DON'T BE FOOLED BY BIG REVENUE NUMBERS.

The chart shows a downtrend and the technicals are VERY NEGATIVE.

View Chart here
http://www.stockscores.com/quickreport.asp?ticker=coyn

Mike BBQ · Guest

At least this company has a product and is bringing in some revenue, although currently operating cost exceeds it. This alone puts them way ahead of many otc stocks. Look at all these bio companies, with no sell-able product, too many o/s shares, and debt 20-50 times that of COYN trading at 10 times of COYN. All on hopes that the FDA will approve their product years on down the line before they go BK! COYN product is well received by the law enforcement community, an easy sell, and they go after funding on behalf of their clients. It seems COYN are now taking steps to reduce debt and shore up the balance sheet with the 1.5 mil equity financing. If, but I really think it is a matter of when, the grant apps go through this company stands to make a killing on licensing fees. If just half of the grants happen your probably looking at 250k monthly with only a small portion of TX counties and it seems a new client is picked up approved every couple of weeks these days. Seems like a bargain at the current PPS.