November 2008 Financial Highlights
By Stealthy at 10 January, 2009, 3:54 pm
November 2008 compared to November 2007, profit margin dropped from 45.18% to 6.17%. While 6.17% is still positive, my goal is 15% to 20% profit margin. This would be how much money I have after all expenses are paid.
Revenue increased 16.40% during the past 12 months. We’ve been trying to build a stronger cash position for our balance sheet and have been successful and now have $1 for every share outstanding. Book value per share now stands at $-1.50 compared to $-2.10 a year earlier. This is due to our cash position building and paying down $1k in debt.
Our stock price is driven by the EPS and fluctuates as Net Income fluctuates. We expect this stock price to start ascending throughout 2009. Stock price has fallen 84.11% from November ‘08 to November ‘09.
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