Back for another run without Psycho, the penny stock of Warp 9 Inc. (WNYN) is back again in the “one and done” spotlight. With real products and services allow their clients to lower costs and focus on promoting and marketing their brand, product line and website, the growth Warp 9 has experienced and near “break-even”numbers has not been enough. Thus, today will see WNYN stock traded excessively, hit a new high for the year-to-date, and, once again, fizzle off into the shadows of the OTC.
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WNYN Stock Quote
Market Cap: 1.02M
Last: $0.0294 ▲ +0.0194 (194.00%)
Dollar Volume: $59,718
Issued and Outstanding: 96,135,126
52Wk High: 0.19
52Wk Low: 0.0038
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Last time Warp 9 caught the attention of penny stock traders, it was Psycho who had WNYN as his “pick of the day.” The date was November 2 and a total of 17,597,426 shares traded (Dollar Volume: $670,462) as WNYN hit a high of 0.0694 before closing up 500% at 0.039. On November 6, after continuing to cover the stock, WNYN hit a high of 0.19.
What’s happened since is Warp 9 has reported their earning for the three and six months ended December 31, 2013. While there was no change in the shares outstanding, sales came in at $611,437 for the six months ended compared to $408,493 for the same prior period.
The result was a net loss for the six months ended December 31, 2012 of ($77,032) compared to the consolidated net loss of ($322,869) for the same prior period due primarily to an increase in Warp 9’s mobile e-commerce website upfront revenue.
Growing sales and lower net losses had little effect on the penny stock. With today’s Psycho sub-sisters sending out alerts on WNYN stock, perhaps the gains and volume of their big brother will not be surpassed, but traders at least get to see a growing Company who could actually turn a net profit in the coming quarters.
About WNYN Stock
Warp 9, Inc. is a provider of e-commerce software platforms and services for the catalog and retail industry.
Last 5 Trading Sessions:
WNYN is a great little Company in their little niche, but a terrible penny stock when it comes to remaining as active as it does when alerts go out. Watching the fall of WNYN stock later today and tomorrow will be a great opportunity for those looking long to check out WNYN stock. It might even get pumped a 3rd time in the coming months.
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