Posted: Thursday Aug 30 8:30:49AM 2012
Q2 results are out:
-rev up 71%
-pre-tax net income up 190%
- fully diluted eps doubled (company now records income tax) to almost 2 cents
- short term assets less all liabilities is over $1M
While the gross margin of 49% is off from last year's 60%, this should improve and lead to even better results as last year's acquisition is fully integrated into INX's platform.
The price is up today to almost 40 cents/share, but it would seem likely that this will advance further as the company grows and its gross margin percentage returns to normal. If they keep up their current trajectory, I can see ten cents in fully diluted fully taxable annualized eps in the next few quarters.
I said this for DAP.u, but it bears repeating here. This is the sort of company that QIS would be interested in getting to know better.