the market and its traded volume jumped over 1 million shares.Obviously, something has captured traders’ attention and DCT began to climb. Though, its chart position has been quite uncertain over the past days.
The last news about Document Technologies was released on Nov 15, when the company reported its Q3 results for this year. DCT announced that their sales have increased by 19% as compared to the same period in 2009, and the year-to-date EBITDA has reached $690 thousand. Cash on hand and working capital have also got higher, though the operating loss has also increased.[BANNER]
However, the company is completely satisfied with its results and makes optimistic projections for the future. Meanwhile, DCT stock keeps searching for its definite position.
Document Capture Technologies is engaged in the design, manufacturing and sale of USB powered mobile page-fed document capture platforms. As already mentioned on hotstocked.com, the company reported a bit lower revenues and higher research and development expenses for the second quarter of this year, while its management expected the expenses to continue.
Presently, DCT team believe they have sufficient cash to fund the normal operations, however, they still claim that this money will be enough only “through the next 12 months.” After that, no one can be certain what will happen and the company can just hope for future revenues.
