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IPD Q1 Results - 5th profit
IPD.V Q1 Results (Ending October 31st 2015)
My Notes:
- Another Profitable Quarter
- Major deal signed with Rinowa s.r.l who is a major distributor in the Italian market
- All IPD products sold in US dollars, this will add additional revenue in conversion to CAD
Symbol: IPD
Price: $0.08c
Common Shares: 15,617,670
Insider Holdings: 10,141,992 (65% as per SEDI)
Website:
Assets
Cash: $215,960
Accounts Receivable: $184,898
Inventory: $210,488
Prepaid Expenses: $84,678
Short-Term Investments: $225,481
Equipment: $630,248
Licensing Rights: $114,276
Total Assets: $1,666,029
Liabilities
Accounts Payable: $196,527
Customer Deposits: $47,917
Total Liabilities: $244,444
Q1 2015
Sales: $926,373
Net Income: $41,997 or $0.0027c eps
**Cost of trade shows was up substantially, next quarter will be better**
Recap of 2014 Year End Results
Sales: $4,214,046
Net Income: $319,127 or $0.02c EPS.
Over 5 quarters:
Sales: $5,140,419
Net Income: $ $361,124 or $0.023c EPS
Stock is trading at less than 4 times earnings which is very low
I was hoping for a dividend this year, but perhaps something more important is on the horizon and it will require additional funds from the company to carry forward. I believe this because IPD has been pushing harder to market its products, especially the recently added Peeps to the world. At this point it
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