Virtutone Announces Update on Wholesale Operations
Posted: Thursday May 24 11:45:42AM 2012
I added by buying the ask at .20 today. VFX.v This PR means VFX will be billing 17.7million minutes at probably a gross margin of .01 per minute. That 177K per month or $531K for the qtr. Since they are already marginally profitable, this should drop to the bottom line in the qtr ending 7/31/12 and result in an eps around .024 or .10 if you fwd annualize it. .10eps even at 5X p/e = .50 and VFX has the capacity for 1.2 billion minutes a month to sell to big VOiP companies. Wish I had found these guys a little sooner but I think this is going to be a monster stock.