Providing products and services for nearly 25 years, one of the most overlooked penny stocks on the OTCBB might just be Dialogic, Inc. (DLGC). With 48 of the world’s top 50 mobile operators and nearly 3,000 application developers relying on the Network Fuel™ company to redefine the possible and exceed user expectations, the raw numbers alone scream for DLGC stock to be trading at a much higher level than the .30 range. With the appointment of a new Executive VP / CFO and expectations of Q3 numbers to be even better than Q2, the chances of doubling an investment at these levels is as likely as white on rice.
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DLGC Stock Quote
Market Cap: 5.01M
Last: 0.314
Volume: 14,000
Dollar Volume: $4,380
Open: 0.31
High: 0.314
Low: 0.31
Trades: 3
Authorized: 200,000,000
Issued and Outstanding: 15,948,797
14-Day Rel Strength: 22.46%
1st Resistance Point: 0.3253
1st Support Level: 0.2913
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Firstly, having delisted from the Nasdaq back in April of this year, Dialogic Inc. is more real than virtually 99% of the under $1 stocks that trade on the OTCBB. The required technology that the Company provides to wireless and wireline service providers is so essential that seeing as how no one is gagging to grab shares at such low prices is astonishing.
Dialogic just came off a quarter whereby top line numbers were not that far off from where they were a year ago when DLGC shares were trading at nearly 10x their current price. Total revenues for the 3 and 6 months ended June 30 were $22.75 million and $47.48 million, respectively, compared to $26.95 million and $59.44 million for the same periods in 2012. The year before that, total revenues for the 3 and 6 months ended June 30, 2011 were much higher: $55.79 million and $100.65 million, respectively.
However, despite the lower than previous revenue numbers, the loss from operations for the 6 months ended June 30, 2013 was less than half that of the 6 months ended June 30, 2012 and June 30, 2011: ($11.15 million) compared to ($25.39 million) and ($22.54 million). With Robert M. Dennerlein being brought in to serve as the Executive Vice President, Finance and Chief Financial Officer just over a month ago, a further righting of the ship cold spell a move towards actual income from operations somewhere down the road.
Shockingly, over the past nearly 12 months, DLGC has declined from $2.65 to as low as 0.25 last week, a drop of over -90%. At the same time, there has been little to no dilution of DLGC, roughly 1.5 million shares only,which begs the question as to why the shares have slid for so long, especially when they were trading in the mid $20 range, 1-for-5 stock split adjusted, just 2 years ago.
When you have $8.4 million in the bank, assets worth over $107 million, current liabilities of $58.6 million and 6 month revenues of $64.87 million which produced a gross profit of $37.48 million as of June 30, 2013, a major correction needs to come on your stock price making DLGC a must watch for short and long term traders. Even though revenues have obviously declined to nearly half the amount they were 2 years ago, DLGC stock simply can’t maintain such a low price range for that much longer.
About DLGC Stock
Dialogic Inc., the Network Fuel™ company, inspires the world’s leading service providers and application developers to elevate the performance of media-rich communications across the most advanced networks by increasing the reliability of any-to-any network connections, enhancing the impact of applications and amplifying the capacity of congested networks.
Click here to view the SEC filings for DLGC.
Click here to view the website for Dialogic.
Last 5 Trading Sessions:
| Date | Open | High | Low | Last | Change | % Change | Volume |
| 10/28/13 | 0.3000 | 0.3140 | 0.2800 | 0.3140 | +0.0640 | +25.60% | 12,400 |
| 10/25/13 | 0.3700 | 0.3700 | 0.2500 | 0.2500 | -0.1500 | -37.50% | 477,500 |
| 10/24/13 | 0.4000 | 0.4000 | 0.3950 | 0.4000 | unch | unch | 26,500 |
| 10/23/13 | 0.4200 | 0.4200 | 0.4000 | 0.4000 | unch | unch | 134,600 |
| 10/22/13 | 0.5400 | 0.5400 | 0.4000 | 0.4000 | -0.1450 | -26.61% | 73,500 |
Bottom Line:
Anyone with a sense of reality would be foolish not t add DGLC to their list of penny stocks to watch. Although a return to the $20 level is out of the question, $1 or better is easily achievable with a good Q or 2 making DLGC stock one of the better bounce candidates out there for longs.
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