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By stocklad

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.

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