Some things are just not meant to be, like some companies do better than others. Bullzi Security can’t still get out of the black market hole. Even the rogue antivirus application don’t help in any way. Have you ever heard about Internet Security Essentials, the threat which has been active for a while (if you already have this infection on your computer, follow the removal instructions of Internet Security Essentials)? It seems that some companies, especially the huger ones, are making nice profit selling their antivirus soft, but not Bullzi Security Inc. (PINK:BLLZ), which is not only an information security consultancy firm, but also a company providing security education.
According to the stock chart, the shares are barely traded and easily suggestible. Currently, the single stock is worth $0.013. It’s even unclear whether there is much to expect from Bullzi Security.[BANNER]
The financial side of the company also rises some doubts. As the annual report indicates, in a single year, the current assets of the company went down from $343 thousand in 2009 to $118 thousand in 2010. At the same time, total current liabilities decreased by 56% (from $451,303 in 2009 to $200,256 in 2010). BLLZ is still unable to cover its expenses, which are almost double than assets.
In the meantime, gross profit went down by 12%. At the same time, as of 2010 net income is $76,042, compared to net loss of $29,155 in the year 2009. Thus, the overall situation of the company does not look very bright. If the board of directors decide to change the business plan, maybe we will see better results next year.
