VSYS | U.S. Government Strikes Deal With Viscount Systems

VSYS Stock, VSYS Stock quote, OTC VSYS, Viscount Systems Inc., VSYS share priceDesigning facility security systems since 1969 with products installed in approximately 35,000 sites in over 30 countries, including government facilities, penny stock investors should have a close look at Viscount Systems Inc. (OTC: VSYS). Bursting with revenues of roughly $3 million over the past two years, VSYS stock looks ready to see a return to its 2013 ascent after announcing its first U.S. government contract today. Set to install its Freedom access control technology to secure U.S. Federal Government sites outside of the continental U.S., traders should take notice to what could be one of the best penny stocks of 2013.

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Market Cap: 7.37M
Last: 0.096 (unchanged)
Volume: 20,900
Open: 0.10
High: 0.10
Low: 0.096
Authorized: 300,000,000
Issued and Outstanding: 86,733,750
14-Day Rel Strength: 46.81%
14-Day Stochastic: 38.46%

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The newest announcement from Viscount Systems states clearly that, in keeping with government requests, the nature of the facilities and agency involved cannot be identified. However, Company President and CEO, Stephen Pineau, stated “the cost advantages of Freedom and the fact that it is fully compliant with U.S. Government identity management/access control standards (FIPS 201-2 and HSPD-12), provides a compelling value proposition to government customers.

The statement could not be more accurate since as of September 30, 2012, the last filed 10-Q, Viscount Systems was once again on track to break the $3 million revenue mark. Revenues for the three months ended September 30, 2012 and 2011 were $858,128 and $903,477, respectively, a decrease of $45,349 or 5.0%, whereas revenues for the nine months ended September 30, 2012 and 2011 were $2,626,217 and $2,664,805, respectively, a decrease of just $38,588 or 1.4%.

While that may not be a sign of consistency to jump up and down over VSYS stock which has already gained 60% since the start of the year, consider that gross profit for the nine months ended September 30, 2012 and 2011 was $1,591,719 and $1,580,463, respectively, an increase of $11,256 or 0.7%, thanks to consistent sales and the declining cost of sales for the three and nine months ended months ended September 30, 2012.

About VSYS Stock

Viscount Systems Inc. designs unified IT and physical security software platforms for building security and emergency planning.

Click here to view the SEC filings for VSYS.
Click here to view the website for Viscount Systems.

Last 5 Trading Sessions:

Date Last Change % Change Volume
03/04/13 0.0960 unch unch 20,900
03/01/13 0.0960 -0.0140 -12.73% 54,900
02/28/13 0.1100 unch unch 13,000
02/27/13 0.1100 +0.0290 +35.80% 1,000
02/26/13 0.0810 -0.0190 -19.00% 155,100


Bottom Line: VSYS is a great penny stock and could wind up being one of the best for 2013 when its all said and done. Since VSYS stock has only traded more than 500,000 shares once in two years, never breaking past 0.25 during that time, curbed enthusiasm for this one is required since slow and steady is the only approach to take.

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