Ideal Financial Solutions, Inc. (PINK:IFSL) published its results for the quarter ended September 30, 2011, and they are something worth looking at. The press release was issued after the close, so the market will respond today. The company decided to back up the news with an awareness campaign.
On Nov. 10 IFSL announced it would provide its results yesterday, and the volume picked up. So did the price. Yesterday, IFSL closed up 5.13% at $0.43 after 56.6 thousand shares had changed hands. Today should be more exciting with the numbers published, and the promotional campaign on the way.[BANNER]
IFSL reported approximately $3.3 million in revenue, and $2.4 million in net income. The company changed its approach from marketing directly to the public to providing services to other companies and the results show that it was the right decision.
At yesterday’s price, the market cap of IFSL is approximately $9.5. The quarterly report could change that. To make sure more traders take a look at the company, IFSL paid $15 thousand to promoters.
Although the balance sheet and income statement of IFSL look very good, there is no guarantee for growth or sustainability, but that in no way lessens the significance of the results. If the company manages to continue on this path, it will become a much more lucrative idea.
