PAMT_chart.gifEver since Parametric Sound Corp (OTC:PAMT) published on Oct 5 a comprehensive summary of its business operations during the first fiscal year of its existence, it has kept silent. That is why when PAMT stock went up 15% yesterday it must have left many investors surprised. Not only did the value of PAMT shares return to $0.63 per share, but also more than 124 thousand common shares changed hands setting a seven-month record.

Even though the latest session turned out to be fairly successful for PAMT, the company is still nowhere near its market heyday. After all, you could have traded PAMT shares at twice as high value as the present one in early-August. Obviously, the negative trend started shortly after the company filed its latest 10-Q report for the second calendar quarter of 2011. The report, in particular, revealed:

  • cash reserves in excess of $480 thousand;
  • net working capital of $369 thousand;
  • quarterly net loss of $485 thousand.

PAMT_logo.pngWhat must have affected investors the most is the third indicator, namely the net loss, as it has been on the increase for a third consecutive quarter. In case this trend deepens in the upcoming months, PAMT stock will most probably continue to lose market value, which will in turn pose additional challenges to PAMT management.