Implant Sciences Corp. (OTCMKTS:IMSC) Keeps Climbing

IMCS_chart.pngYesterday Implant Sciences Corp. (OTCMKTS:IMSC) moved its largest share volume in almost two months, closing over 5% up in the process. The ticker was likely assisted by a news release posted by the company yesterday.

IMSC is a company that develops and manufactures explosive detector and sensor systems that are intended for various security uses. The company previously announced that it will be presenting one of its Transportation Security Administration-approved detectors at Miami’s airport today. Another press release dating to yesterday morning informed that a U.S. government agency bought ‘multiple’ QS-B220 detector units, without specifying the exact scope of the purchase. Despite its somewhat vague nature, the press release seemed to get investors sufficiently excited as IMSC stock livened up and closed 5% in the green.

Whether this excitement will be backed up by the figures in IMSC‘s next report remains to be seen. The company’s fiscal year ends in June and IMSC has just over a week to file its 10-K. The last available financial report is a quarterly from the period ended March 2013 and it contains the following:

  • ZERO in cash, $1.2 million in ‘restricted cash and investments’
  • $46 million in current liabilities
  • $1.2 million in quarterly revenues
  • $5.3 million in quarterly net loss

The company has at the very least never been targeted by stock promoters and has proven that it can generate revenues but those don’t equate profitability. IMSC has posted press releases informing of product presentations and order placements before but seeing those reflected in the 10-K is what will ultimately matter to many. If the balance sheet has been patched up to a more likeable state, it may give much more impetus to the stock along with positive PR.

PCWT_chart.gifYesterday’s session also marked the proper launch of yet another pump from big-daddy outfit Victory Mark, after their last pick – PacWest Equities, Inc. (OTCMKTS:PWEI) was suspended from trading. Now Victory Mark are touting Pacific Clean Water Technologies, Inc. (OTCMKTS:PCWT) – a company that is already stamped with the ‘Buyer beware’ skull and crossbones on OTCMarkets and that closed the last session 106% up, driven by the pumps.

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