{"id":3255,"date":"2013-11-25T15:14:57","date_gmt":"2013-11-25T15:14:57","guid":{"rendered":"\/?p=3255"},"modified":"2013-11-25T15:15:05","modified_gmt":"2013-11-25T15:15:05","slug":"imageware-systems-inc-otcmktsiwsy-inches-upwards","status":"publish","type":"post","link":"\/articles\/imageware-systems-inc-otcmktsiwsy-inches-upwards\/","title":{"rendered":"ImageWare Systems, Inc. (OTCMKTS:IWSY) Inches Upwards"},"content":{"rendered":"<p> <img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/ISWY_chart.png\" border=\"0\" alt=\"ISWY_chart.png\" title=\"ISWY_chart.png\" width=\"450\" height=\"201\" \/>After poking over the two-dollar line again, the price of ImageWare Systems, Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=IWSY\">IWSY<\/a>) turned volatile once more and swung back to $1.55 per share in just seven sessions, with a brief green interruption among them. Now, after a flat session on Thursday, <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=IWSY\">IWSY<\/a> is moving up again, trying to make up what was lost during the slip. <\/p>\n<p>The biometrics and data security company posted its third quarter results in mid-November. The report showed a significant boost in revenues generated by product sales. This led to an vast improvement over the previous quarter when <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=IWSY\">IWSY<\/a> logged loss from operations even before expenses were factored in. The brief summary of the numbers is as follows:<\/p>\n<ul>\n<li>$3.4 million in cash<\/li>\n<li>$4.2 million in current liabilities<\/li>\n<li>$2.5 million in quarterly revenues<\/li>\n<li>$339 thousand in net income<\/li>\n<\/ul>\n<p>The previous two quarters saw <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=IWSY\">IWSY<\/a> generate considerably smaller product revenues and log far greater figures under &#8216;change in fair value of derivative liabilities&#8217;, which in turn contributed to a bottom line of net loss on the reports. However, the increase in revenue is driven by a single customer, who accounted for 69% of Q3 revenues, which would mean the potential loss of that customer could impact <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=IWSY\">IWSY<\/a> considerably.<\/p>\n<p>The company is not pressed for cash at the moment and the report states the management&#8217;s belief that cash raised up to the end of Q3 will be sufficient to fund the company for another 12 months. Thankfully, <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=IWSY\">IWSY<\/a> has also not been pumped through email campaigns and whichever way the stock has gone, that movement was caused by news, excitement, anxiety or actual performance.<\/p>\n<p>Investors on discussion boards are still mostly optimistic about the comany&#8217;s future, with buzz being generated about <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=IWSY\">IWSY<\/a>&#8216;s participation in the Fujitsu Forum that was held in early November but it&#8217;s all wishful thinking at this point.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/6LIFS_chart.png\" border=\"0\" alt=\"6LIFS_chart.png\" title=\"6LIFS_chart.png\" width=\"330\" height=\"147\" \/>Other major movers in Friday&#8217;s session include Nevada Gold Corp. (OTCBB:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=NVGC\">NVGC<\/a>) who tanked over 36% yesterday as the pump that pushed the stock up lost its footing. Life Stem Genetics, Inc. (OTCBB:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=LIFS\">LIFS<\/a>) &#8211; another ongoing pump job, crashed even worse, dropping 55% to a close of $0.64 per share as the pump came to its logical conclusion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After poking over the two-dollar line again, the price of ImageWare Systems, Inc. (OTCMKTS:IWSY) turned volatile once more and swung back to $1.55 per share in just seven sessions, with a brief green interruption&#46;&#46;&#46;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[704,1109,1112],"class_list":["post-3255","post","type-post","status-publish","format-standard","hentry","category-news","tag-iwsy","tag-lifs","tag-nvgc"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/3255","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=3255"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/3255\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=3255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=3255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=3255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}