Shares in the penny stock of Lattice Inc. (LTTC) are on the march upwards early today. LTTC stock price had no change to it for the last 3 trading days since there was no volume on the penny stock of the provider of advanced information and communications technology solutions to the corrections industry and key government agencies. Lattice Inc. did book nearly $3.4 million in Q1 revenues worth a net income of nearly $23 thousand to the company so, perhaps this is an untapped micro cap with a solid future.
Looking for Hot Penny Stocks? Click here and get Alerts on the Best Penny Stocks FREE.
LTTC Stock Chart
Market Cap: 2.69M
Revenue (ttm): 11.57M
Revenue Per Share (ttm): 0.41
Gross Profit (ttm): 3.92M
Shares Outstanding: 29.85M
% Held by Insiders: 21.90%
Lattice’s revenues for Q1 were $3.395 million versus $3.27 million in the prior year quarter. The Company reported operating income after adding back non-cash expenses for depreciation, amortization and share based compensation of $264,000 versus a prior year income of $69,000. Revenues are generated from two business segments of Lattice: Government Services and Communication Services.
Communications Services accounted for $2.08 million, 61% of the overall revenues compared to 31% in the prior year quarter where as Government Services revenues decreased to $1.31 million compared to #2.26 million the prior year. The decrease in Government Services revenue was primarily attributable to contracts ending in 2011. One group of contracts accounted for approximately $1.5 million of the decrease and was partially offset by revenues attributable to the Cummings Creek/CLR acquisition which Lattice closed on in May 2011.
The big news pushing this Company came last month when the Company’s Government Services division was awarded a Small Business Innovative Research project for IED detection with the U. S. Air Force. The fixed price contract is worth approximately $750,000 and continues for 18 months.
About LTTC Stock
Lattice Incorporated is a provider of advanced information and communications technology solutions to the government and commercial markets. The company’s Lattice Government Services division designs, deploys and manages advanced technological solutions at key government agencies and for mid- to large-sized enterprises. The company’s Lattice Secure Communications division provides core proprietary platforms that develop customized software applications with military grade security for markets including correctional facilities that require highly secure solutions.
To view the SEC filings for LTTC, click here.
Bottom Line: This penny stock will be nothing more than a swing trade come lunch time and a dump tomorrow so trade responsibly. LTTC has had no trading activity for a month so today is nothing but one seller and a number of “follow the flock” buyers.
Here is your opportunity to subscribe to the Most Exclusive Penny Stock newsletter.
Sign up with your email address now & get ready to make BIG PROFITS on Good Penny Stocks
(We are 100% Anti-Spam and will never rent or sell your information)