Shares in the penny stock of GraphOn Corp. (GOJO) began plotting themselves in a northward direction Tuesday just prior to the Company’s 10-Q release. After a huge volume spike on August 2nd when nearly 2.9 milion shares traded, GOJO stock traded about 1/10th of that Tuesday gaining 29.03% in the process. With revenues nearly equal to the same period last year, and the same 6 month period as well, the developer of remote application access and Web-enabling software solutions could begin to build an investor base from here.
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GOJO Stock Chart
Shares Authorized: 195,000,000
Shares Outstanding: 82,092,739
5 Day Percent Change: 14.29%
5 Day Moving Average: 0.173
5 Day Average Volume: 117,069
Revenue for the three-month and six-month periods ended June 31, 2012 and 2011 were almost the same. In Software Licenses, GraphOn pulled in $637,900 in Windows sales and $226,000 in UNIX/Linux sales. Software Service Fees for Windows accounted for $444,400 while UNIX/Linux service fees accounted for $234,900 to total $1,543,800 in revenues for the quarter ended June 30, 2012. The same period last year was worth $1,579,800 for the Company.
The plateau in sales may not be a cuse of long-term concern since the day prior to the volume spike, GraphOn made for the immediate availability of GO-Global 4.5 for Windows. According to Christoph Berlin, GraphOn’s V.P. of Product Management and Marketing, this version of GO-Global for Windows provides enhanced, enterprise-class functionality with newly added features which greatly simplified the overall installation and deployment process. If you were to follow the words of wisdom from Mr. Miyagi, you may want to “GraphOn” until a spike in the PPS before you “GraphOff” for a short-term trade.
About GOJO Stock
GraphOn Corporation is an innovator of cost-effective, advanced solutions that let customers access applications from anywhere. GraphOn’s high-performance software solutions provide fast application access, cross-platform connectivity, and a centralized architecture that delivers a dramatically lower cost of ownership. The company’s GO-Global solutions can be used with Microsoft (MSFT) Windows, IBM AIX, Oracle (ORCL) Solaris, Hewlett-Packard (HPQ) HP-UX, Linux, Apple (AAPL) OS X and iOS, and other operating systems.
Click here to view the SEC filings for GOJO.
Bottom Line: Wednesday should see some early trading on the penny stock which has had almost no love for much of 2012. Based on recent findings, GOJO stock has a better chance of either being bought out by a larger competitor or uplisting to trade side by side with Document Security Systems, Inc. (DSS) before it would ever be involved in a promo run.
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