ORLANDO, Fla., Aug. 08, 2016 (GLOBE NEWSWIRE) -- As in most issues of the Emerging Markets Report, we champion one metric above all others… revenue. Assuredly, share price is most imperative to any buyers of an equity but as surveyors of the market who value long term success we realize that more often than not in the algorithm of success and a representative share price, revenue is indeed the most significant variable.
Revenue and revenue increases often portend a brighter future. No breaking news there but a revenue (and profit) chart that is headed the right way in many instances affirms a business model that is finding traction, that is being well-tended by management, and hopefully signals the beginning of something more.
Enter CES Synergies (OTC:CESX), which has recently reported revenue metrics that indeed warrant further mention. Take a peek at these excerpts from a recent CES press release:
- Total revenue for the first quarter of 2016 increased 13.6% to $4 million compared to $3.5 million for the same quarter in FY 2015
- Net profits increased to $231,637 compared to a loss of $714,878 for the same period
- Q1 Gross Margins closed at just under 33%, achieving the Company’s goal for the time frame.
- Notably, G&A expenses were reduced to 19.3% simultaneous with the revenue growth.
The Company attributes much of the revenue increase to big contracts that came through the door. What we value is that these large contracts are with the government… the U.S. Army, Florida Department of Transportation, and Eglin Air Force Base. While a dollar is a dollar, penetrating the government sector is both difficult and potentially catalytic as successes at the aforementioned can be used to prospect within the vast array of government venues. And they are generally larger contracts that ALWAYS pay and on-time.
It’s a strong step in the right direction for CES. More to come on their market and market opportunity in future postings.
About CES Synergies Inc.
CES Synergies, Inc., through its subsidiary, Cross Environmental Services, Inc., is a specialty environmental services company providing quality environmental contracting solutions, demolition and remediation services to commercial and industrial customers, as well as federal, state and municipal entities. More information may be found at the Company's website: www.crossenv.com.
About the Emerging Markets Report:
Emerging Markets Report is owned and operated by Emerging Markets Consulting, a syndicate of investor relations consultants representing years of experience. Our network consists of stock brokers, investment bankers, fund managers, and institutions that actively seek opportunities in the micro and small-cap equity markets.
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EMC has been paid 300,000 restricted shares by CES. EMC is under contract to receive an additional 100,000 restricted shares.