INVA (Inova Technolgy) .0008
Business Description
Inova Technology is a leading provider of solutions for mobile technology, asset tracking, proprietary RFID solutions and
large scale network solutions.
The company operates primarily through its subsidiaries Desert Communications and Trakkers. These business were acquired by Inova in 2005 and 2006 respectively.
As a consolidated group, Inova has generated revenue of approximately $20 million each year since 2006 and was mostly unaffected by the recent economic downturn. More information for investors can be found in the investor section on this site.
Contact Info
2300 W. Sahara Ave.
Suite 800
Las Vegas, NV 89102
Website: http://
Phone: 855-771-4763
Email: ir@inovatechnology.com
Share Structure
Shares Outstanding480,000,000
Authorized Shares500,000,000
Financials:
As per the last quarterly report,
Assets: $6.5 million
Revenue: $7.6 million in 2013 and Revenue in 2012 $6.5 million
Company is growing well every year
Also look at Annual Report: http://www.otcmarkets.
Company has more than $20 million revenue
Inova Completes $3.5 Million of Projects for Dallas, Fort Worth and Socorro School Districts
Inova Revenue Increased 90% to $7.6 Million for Quarter : http://ih.advfn.com/p.php?
Inova Technology (OTCBB:INVA), announced that its revenue increased by $3.6 million from $4 million for the preceding quarter to $7.6 million in the quarter ending July 2013 representing an increase of 90%. Inova CEO, Adam Radly, said, "$7.6 million of revenue in one quarter is obviously an excellent result for us.
We were close to full capacity for the entire quarter and our team did a great job of getting projects completed on time and on budget for our customers."
The Company previously announced that it has as a backlog of awarded contracts worth $42 million.
More information regarding the backlog can be found in the press release dated July 2, 2013.
Inova CEO, Adam Radly, said, "We will commence the new sales season in October and will look to add to the current backlog.
The Company's current contract backlog is very healthy and gives us and our stakeholders a lot of visibility into our
future revenue."
Company Subsidiaries:
Shopinova: software invented by Adam that turns iPhones and Android phones into a sales tool for customers when visiting physical retailers. It is in Beta release. Shopniova is a mobile advertising solution that allows physical retailers interact with their customers prior to point of sale in their store.
Company has recently sold trakkers.com to reduce the debts. Now the Financials look good with good revenues.
Multi - Million Contract news:
Las Vegas, NV. June 17, 2013. Inova Technology (OTCBB: INVA), through its wholly owned subsidiary, Desert Communications, has announced that it has commenced working on network solutions projects for Clint and Socorro Independent School Districts and received purchase orders totaling $1.4 million
Pivot Price .0012
Potential Target .0028
Breakout close above .0028
Key Points
-Closed above 20 and 50 MA .0008
-Closed above 20 and 50 MA .0008
-20 and 50 MA cross
-Chart showing bullish wedge breakout formation
-Low share structure
-Chart showing bullish wedge breakout formation
-Low share structure
-Million dollar contracts , revenues and assets
NHPI .0008 the stock is in major accumulation and has yet to break below .0007 bottom is in and take a look at the chart any news should break .0013 pivot then .0022-.005 potential,its awaiting a new website launch could be a very solid mover here
INOH .0011 this is a stock that is finding a bottom here with any volume and break of .0013 could see .003-.004 range watch for any updates
FBEC .0009 this is a stock that is awaiting name change and new website launch, the chart signaling a bottom and could be a nice bottom entry at these levels, with a low ss and news pending this is the time to buy
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