Brekford Corp. is unquestionably in a growth industry and a company growth mode – there is a great value story here. We want you to also take a good look at the share structure here.
This is important and we want to underscore the share structure story WITH the value story and never forget, the NET SALES STORY and CASH POSITION.
What you’ve got here is:
- Great Value and Growth Story
- Great Share Structure
- Great Cash Position
There are just under 40.1 million shares issued and outstanding. With the market cap currently at about $4.5 million based on the most current share price, the BFDI clearly is undervalued in the market. With Automated Traffic Enforcement on the rise, clearly Brekford is in a position to increase revenues and also increase its market cap and share price.
Established relationships in the law enforcement industry are driving the value story here, that has created the opportunity Brekford has developed, in what is becoming the ‘hot’ technological focus of Automated Traffic Enforcement and Automatic Traffic Safety Solutions. As municipalities search for additional revenue streams, Brekford’s Automated Traffic Enforcement and Automatic Traffic Safety Solutions presents an attractive opportunity amongst its multiple products.
Fiscal Year 2010: Positive Net Income
For the year ended December 31, 2010, the Company reported net sales totaling approximately $11.6 million. The Company’s cash position as of the end of 2010 remains positive at $1.5 million with a gross profit for 2010 of $1.9 million.
This release contains forward-looking statements within the meaning of that term in Section 21E of the Securities Exchange Act of 1934, as amended. Actual results may differ materially from the results suggested by these forward-looking statements, for a number of reasons, including, but not limited to, market conditions, the cost and success of development activities and ability to successfully manage growth. Readers are referred to the documents filed by Brekford Corp. with the SEC, specifically the Company’s most recent reports filed on Form 10-K and Forms 10-Q, which further identify the important risks, trends and uncertainties which could cause actual results to differ materially from the forward-looking statements in this press release. The Company expressly disclaims any obligation to update any forward-looking statements.
BFDI Disclosure: StockGuru entered into an investor relations consulting and market awareness contract in March of 2011. BFDI has hired us for six thousand dollars. We have taken no free trading shares. To avoid all potential conflicts of interest, we never sell shares into the open market during an active market awareness or investor relations program. StockGuru is not a registered investment adviser or a broker/dealer. StockGuru makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk.