{"id":7365,"date":"2015-11-03T15:02:04","date_gmt":"2015-11-03T15:02:04","guid":{"rendered":"\/?p=7365"},"modified":"2015-11-03T15:14:45","modified_gmt":"2015-11-03T15:14:45","slug":"imageware-systems-inc-otcmktsiwsy-grates-to-new-52-week-low","status":"publish","type":"post","link":"\/articles\/imageware-systems-inc-otcmktsiwsy-grates-to-new-52-week-low\/","title":{"rendered":"ImageWare Systems Inc (OTCMKTS:IWSY) Grates to New 52-Week Low"},"content":{"rendered":"\n<p><img decoding=\"async\" style=\"float: right;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/91\/91860\/iwsy_chart.png\" border=\"0\" width=\"450\" \/>After a disappointing second half of September and a bit of sideways drifting in October, ImageWare Systems Inc (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=IWSY\">IWSY<\/a>) screeched its way to a stop at $1.25 per share. This is the company&#8217;s lowest close for the past 52 weeks. <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=IWSY\">IWSY<\/a> touched its lowest intra-day price for the same period on Friday, slipping to $1.20 during the session.<\/p>\n<p>The company has been keeping a very low profile in terms of PR and filings over the past few months. <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=IWSY\">IWSY<\/a>&#8216;s filings feed has been nothing but Form 4 submissions since early August, when a conference call transcript was put up, discussing Q2 performance.<\/p>\n<p><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=IWSY\">IWSY<\/a>&#8216;s name comes up occasionally in news posts on the company&#8217;s PR feed in Yahoo Finance, but the last few entries were largely inconsequential from a material point of view, announcing participation in more specialized security website interviews.<\/p>\n<p><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=IWSY\">IWSY<\/a>&#8216;s latest quarterly report contained the following in its balance sheet:<\/p>\n<ul style=\"list-style-type: disc;\">\n<li>$6.4 million in cash and equivalents<\/li>\n<li>$1.8 million in current liabilities<\/li>\n<li>$1.6 million in Q2 revenues<\/li>\n<li>$1.7 million in Q2 net loss<\/li>\n<\/ul>\n<p>The small boost in revenues QoQ came along with a significant reduction of expenses, which in turn led to smaller net loss compared to the previous quarter, when <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=IWSY\">IWSY<\/a> logged $2.3 million in Q1 loss.<\/p>\n<p>The company scored a three-year licensing deal with Lockheed Martin, which was one of the highlights of the Q2 results report. The company also discussed its current cash availability and the opportunity to &ldquo;dip into&rdquo; another $3.1 million line of credit, which management thinks will not be necessary. <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=IWSY\">IWSY<\/a> anticipates to go cash flow positive within 2015, according to CFO Wayne Wetherell.<\/p>\n<p>With <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=IWSY\">IWSY<\/a> dropping to 52-week lows, some traders are cheering and are swearing up and down discussion boards that they are loading up on cheap shares. Only time will tell whether <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=IWSY\">IWSY<\/a> has indeed found a bottom at this price level.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After a disappointing second half of September and a bit of sideways drifting in October, ImageWare Systems Inc (OTCMKTS:IWSY) screeched its way to a stop at $1.25 per share. This is the company&#8217;s lowest&#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],"class_list":["post-7365","post","type-post","status-publish","format-standard","hentry","category-news","tag-iwsy"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/7365","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=7365"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/7365\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=7365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=7365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=7365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}