Integral Technologies, Inc. (OTCMKTS:ITKG) Wakes Up Ahead of an Upcoming 10-K
Integral Technologies, Inc. (OTCMKTS:ITKG)’s performance over the last few months has been hardly impressive. Shortly after it hit a 52-week high of $0.85 on March 31, it started to slide and, safe for a few brief spikes, it’s been going down ever since. On Wednesday the ticker even fell below the $0.50 mark and some people started to think that we might see a new 52-week low in the very near future.
The volumes are not helping. Again, there are brief spikes, but interest tends to dry out quite quickly and there are days when trading is all but non-existent. But what can the people behind ITKG do in order to draw more attention to the stock?
Well, they could be a bit more active on the PR front. If you have followed the company closely, you know that the few press releases that it has issued have caused some movement on the market. Yet, the prolonged periods of no publicity mean that investors lose interest and move on to other stocks.
And it’s not like they can open ITKG‘s latest 10-Q and be wowed by it, either. It covers the first calendar quarter of this year and it looks like this:
- cash: $306,860
- current assets: $382,165
- current liabilities: $1,122,186
- quarterly revenues: $45,450
- quarterly net loss: $1,155,968
You can see that the balance sheet could do with a tidying up. The biggest problem, however, lies with the ElectriPlast sales. Most of the shareholders have been banking on the conductive plastics and they’ve been waiting for the sales to take off for quite a while. Unfortunately, of the somewhat modest revenues you see above, only $2,950 (less than the figures recorded during the previous quarters) came from the sale of ElectriPlast. The rest was generated through various agreements with other entities.
Last month, the management team announced that they have received the largest ElectriPlast order in ITKG‘s history which should definitely be considered a step in the right direction. Hopefully, it will also help them improve those profit margins because if the company continues to lose money, it might be forced to sell some more shares of common stock. In the past, it has done so at prices as low as $0.17 apiece.
So, can ITKG‘s management team do all these things and stabilize the stock’s performance?
Apparently, some people believe that it can. Those people traded more than $116 thousand worth of shares during yesterday’s session and they pushed the price 12% up to a close of $0.54 per share. The reason for their optimism is the upcoming annual report for the period ended June 30. The management team announced yesterday that they’ll discuss the results in a conference call after Monday’s closing bell which suggests that the 10-K should be out by then.
Hopefully, it will bring some good news to ITKG‘s long-suffering but loyal shareholders. Investing in the stock before you’ve seen the report, however, hides its risks and you should be careful to consider all of them before you initiate a position.
