Re: We are taking a negative stance on shares of Patriot Scientific Corporation since we are seeing a strong downtrend in revenues and earnings per share over the past three years. Also discomforting is the fact that the company continues to deliver negative operating income. www.bellwetherreport.com
I wonder if the bellweather report was looking @ when PTSC logged the MMP license under revenue..... (see below)
| PERIOD ENDING |
31-May-08 |
31-May-07 |
31-May-06 |
| Total Revenue |
3,708 |
639 |
10,310 |
| Cost of Revenue |
1,510 |
319 |
103 |
|
| Gross Profit |
2,198 |
319 |
10,206 |
Maybe they should look @ the balance sheet!!!!(below
| Other Stockholder Equity |
(221) |
- |
- |
|
| Total Stockholder Equity |
23,302 |
20,171 |
10,828 |
|
| Net Tangible Assets |
$23,238 |
$20,133 |
$10,796 |
