Martinas B.

Checkmate for the stock of Dalrada Financial Corporation (DFCO)?

by Martinas B. August 3, 2007
dfco-logo.jpgIt appears that the stock of Dalrada Financial Corporation (DFCO) is getting smashed in the chess match by a Checkmate. The stock has been making it way to the bottom in a great speed recently.

However, the company’s revenue rocked up to the unseen and not expected pinnacle for the 1Q this year.


The Data Sheet (IN $000)

Total revenues were $44,374 and $931 for the three months ended March 31, 2007 and 2006, respectively; an increase of $43,443 (4,663%).

Operating expenses for the three months ended March 31, 2007 and 2006 were $4,460 and $1,395, respectively; an increase of $3,065 (219.7%).

Interest expense and financing costs for the three months ended March 31, 2007 and 2006 was $686 and $1,135 respectively; a decrease of $449 (39.6%). The decrease was principally due to higher amortization of debt discounts for the three months ended March 31, 2006.

During the three months ended March 31, 2007 and 2006, the company recognized penalties and interest expense on its tax obligations of $1,822 and $282, respectively.

During the three months ended March 31, 2007 and 2006, the company recognized a gain on settlement of debt of $47 and $3,444, respectively, which resulted primarily from the write off of stale accounts payable and the settlement of bank debt and judgments

For the three months ended March 31, 2007, the company recorded other income of $689 related to the change in the value of the debt features and warrants principally a result of the decrease in our stock price.
For the three months ended March 31, 2006, the company recorded other expense of $720 related to the change in the value of the debt features and warrants principally a result of the increase in our stock price.

The Stock

Since last year in October when the stock have arrived to the highest peak hitting a barrier of nearly $1.25, then the stock roughly saying, has been going down.

dfco-chart.jpg


And for today on the market the stock was traded at a price of $0.21. The number of shares outstanding of the registrant's common stock as of May 15, 2007 was 5,136,392, which puts the company’s value just above one million.

The Product

hr.jpgHeadquartered in San Diego, California, Dalrada Financial Corporation, through its subsidiaries, provides financial, staffing, professional employer organization outsourcing, and human resources services to small and medium-size businesses primarily in the United States.

Founded in 1982, its services include benefits and payroll administration, health and workers' compensation insurance programs, voluntary benefits programs, personnel records management, employer liability management, employee recruiting and selection, risk management and human resource administration, performance management, and training and development services.

The company offers temporary staffing services, including on-demand or short-term staffing assignments, long-term or indefinite-term contract staffing, and on-site management to medical, light industrial, and call center staffing.

The company offers PhotoMotion, a patented color medium of multi-image transparencies. In addition, it provides color laboratory reproduction services, as well as offers ColorBlind software, which allow users to build color profiles of images in order to insure accurate output on digital devices, such as printers, plotters, scanners, monitors, and cameras.

Key executives of Dalrada Financial Corporation (DFCO)

NameAgePosition
Brian Bonar58 Exec. Chairman, Chief Exec. Officer and Pres
David Lieberman 44 Chief Operations Officer, Chief Financial Officer, Chief Accounting Officer and Exec. Director
Eric Gaer 58Chief Exec. Officer of Solvis of Solvis
John Capezzuto59Chairman of Quik Pix Inc., Pres of Imaging Division of the Solvis Group of Quik Pix Inc
William Brann  Exec. VP, Group Exec. of Staffing Services, Pres of The Solvis Group and Chief Operating Officer of the Solvis Group

A few References

http://www.dalrada.com
http://quotes.nasdaq.com/asp/summaryquote.asp?symbol=DFCO&selected=DFCO

Comments 0

Type the characters that you see in the box (5 characters).