REDONDO BEACH, CA — (Marketwired) — 10/13/16 — SECFilings.com, a leading financial news and information portal offering free real time public company filing alerts, recently published an article discussing Flexpoint Sensor Systems– (OTC PINK: FLXT) recent revenue growth and the outlook for potentially explosive gains in the coming quarters. This article looks at Flexpoint–s progress in developing products across several verticals and what it means for investors.
Flexpoint represents a unique opportunity given its significant diversification across industries, including automotive, consumer toys, virtual reality/augmented reality, consumer electronics, medical, robotics and wearables. In the future, the company–s core technologies could be applied to high growth markets like the Internet of Things (“IoT”) and Industrial Internet of Things (“IIot”) as well as other industries where flexible sensors provide benefits. The growth in these end markets could drive the company–s revenues significantly higher over the long-term.
Flexpoint–s revenue more than doubled during the second quarter relative to Q1 due to a combination of greater billable engineering services and increased sensor production. With a number of large contracts moving into production, investors should see ongoing improvements reflected in the third and fourth quarters of the year. These improvements should continue moving into the early part of next year as the company ramps up production.
Management recently announced that purchase order volume for its Bend Sensors® increased during the third quarter across several contracts. Annualized production volumes are in the 800,000 to one million range and the backlog entering the fourth quarter is –extremely encouraging–, according to a recent press release. Additional toy and gaming manufacturers are expected to launch products in late 2016 or early 2017 to drive added revenue.
Click here to read the full article:
Founded in 2004, SECFilings.com provides free real time filing alerts to over 600,000 registered members and offers services to help public companies grow their audience of interested investors.
Except for the historical information presented herein, matters discussed in this release contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC, which owns SECFilings.com, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Emerging Growth LLC may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice. Emerging Growth LLC may be compensated for its services in the form of cash-based compensation or equity securities in the companies it writes about, or a combination of the two. For full disclosure please visit: .
SECFilings.com
Paul Archie
406-862-2242
You must be logged in to post a comment Login