Vending machine solution manufacturer, AVT Inc. (AVTC), is finally seeing some activity on their penny stock after being linked to legalized marijuana distribution. The news that actually sent ATVC stock skyrocketing to record volume and a new 52 week high disseminated from Medbox Inc. (MDBX) who announced that their 2013 product line was ready and manufacturing agreements had already been reached to assure delivery of their automated, biometrically controlled dispensing and storage systems for medicine and merchandise. The systems gained national notoriety as the method of choice for dispensing legal medical marijuana in a controlled environment, with the utmost in reporting, transparency and compliance.
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AVTC Stock Chart
Market Cap: 23.86M
Last: 2.05 ▲ 0.64 (45.39%)
Dollar Volume: $284,526
Average Trade Size: 530
Issued and Outstanding: 11,364,708
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Surely since the float is amazingly small was a huge factor as to why AVT’s stock price shot up so rapidly today gaining as much as 165.96% intraday. But when digging deeper into the Company’s books, one can plainly see that you don’t need medicinal marijuana vending machines for AVTC stock to have traded so aggressively today.
As of September 30, 2012, AVT Inc. had current assets alone worth nearly $10 million consisting of Cash and Cash equivalents of $728,118, Accounts Receivable of $2,067,774 and Inventory worth $7,088,779. Balance those against total liabilities of $2,628,246 and its clear that the Company is extremely healthy and in no need of selling shares to stay afloat.
As far as their 2012 revenue stream is concerned, AVT reported total revenues for the three and nine months ended September 30, 2012 of $3.81 million and $10.87 million respectively versus $2.20 million and $6.27 million respectively for the same periods in 2011. Their Q3 financial results exceeded analyst and management expectations due in part to significant manufacturing revenues and large orders of the company’s custom kiosks. The results were a continuance of bottom line net income worth $135,313 and $694,621 for the three and nine months ended September 30, 2012 versus $257,579 and $302,295 for the same periods in 2011.
Healthy is what you can put on that bottom line and AVT is doing it and doing it well. With some experience as to which types of Company’s survive the longest with the least amount of costs involved, vending machines were always a gold mine and AVTC stock very well could be too in the long run.
About AVTC Stock
AVT, Inc. is a vending machine manufacturer as well as vending route distributor which through their technology foundation base, their hardware, software products, business and both innovative and creative designs, offers solutions for wireless management of remote vending, method for controlling vending machines and custom systems. Click here to view the SEC filings for AVTC.
Last 4 Trading Sessions:
Bottom Line: Although the intraday gains on this penny stock are gone and soon to be forgotten, AVTC stock shouldn’t. Sure the trading witnessed today may not repeat itself this year, but when you look at the Company from an insider’s view, you couldn’t ask for much more than net income, growing revenues and a niche market which you are clearly dominating. AVTC stock should see a surge in its PPS now that traders know about it.
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