Brekford Corp. is in the StockGuru Spotlight for August 6, 2010

Brekford Corp. is in the StockGuru Spotlight for August 6, 2010

DALLAS, TEXAS : StockGuru announces that Brekford Corp. (OTCBB: BFDI) is in the StockGuru Spotlight.   Brekford Corp. is a homeland security technology service provider of fully integrated vehicle installation and rugged technology and video solutions geared towards mission critical operations. For more than a decade we have provided services to branches of the U.S. military, various federal entities and numerous security and public safety agencies throughout the United States. We provide these agencies with an end-to-end suite of mobile communications, information technology, vehicle upfitting services, and automated traffic photo enforcement solutions that are designed to streamline procurement processes and offer maximum functionality to their day to day operations.

On Thursday, the company put out news announcing another profitable quarter ended June 30, 2010. For the second quarter ended June 30, 2010, the Company reported net sales totaling $3.5 million, a slight variation from the second quarter of 2009. The Company’s cash position as of the end of the second quarter of 2010 improved 38% to total $1.5 million compared to $1.1 million at the end of the second quarter of 2009, reflective of its positive net income during the past seven quarters. Operating expenses of $0.265 million were up by 8% for this quarter compared to $0.213 million for the second quarter of 2009; mainly due to the initial costs for the expansion into automated traffic enforcement business. Net income for the second quarter of 2010 totaled $8,772 compared to $189,816 for the second quarter of 2009; primarily due to start-up costs and lower gross profit margins. Gross profit for the second quarter 2010 was $0.4 million compared to $0.6 million for the second quarter of 2009.

Shares for Brekford Corp. (OTCBB: BFDI) were down during the late afternoon of trading on Thursday and closed slightly down at closing.
 

To view our StockGuru Spotlight on Brekford Corp. (OTCBB: BFDI), please visit:
http://www.stockguru.com 

What is the StockGuru Spotlight? 
The StockGuru Spotlight features stocks that we expect some action in. Generally speaking we expect a strong showing in the market based on the market, our knowledge of the stock and the buzz in the markets. Many times these will be stocks that have big news out recently, there is fresh interest in getting the word out on these stocks or we hear a buzz in our day to day contacts on these stocks. If we think it is going to move or see action, we put it in the StockGuru Spotlight.  If we are compensated for a stock in the Spotlight, it will be clearly disclosed within this Spotlight Announcement. 

If you think a company should be featued in the StockGuru Spotlight, please let us know. If you are a key person for a publicly traded company, we can consider your company for either a StockGuru Spotlight or a StockGuru Profile.  Please contact our Publisher John Pentony at the john@stockguru.com.  You may also telephone John Pentony at (469) 252-3031. 

Stockguru.com (“SG”) provides its members with the latest news, press releases, and research reports for all the companies highlighted on the site. SG utilizes information believed to be reliable herein prepared all material. The information contained herein is not guaranteed by SG to be accurate, and should not be considered to be all-inclusive. The owner, publisher, editor and their associates are not responsible for errors and omissions. They may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. Any opinions expressed are subject to change without notice. SG encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and SG makes no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies or the information contained herein. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. SG is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed onhttp://www.Stockguru.com or mentioned herein. 

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