Nighthawk Soars Higher
Up nearly 22% around 12:00 est today, Nighthawk Systems Inc.(OTCBB: NIHK) announced this morning that booked sales for the 1st quarter are in excess of $300,000 versus about $140,000 in audited revenues for Q1 '06.With revenues expected to jump 49% vs. Q1 '06 and booked sales marking a significant improvement over Q4 '06 (in the ballpark of $274K), NIHK simply has more customers now than ever before.
This fact is emphasized by the company's announcement that it increased recurring revenues associated with wireless access to its products by 75%, a direct result of having more units out in the field.
With management indicating that operating results have never been better, Nighthawk is making a push towards overall profitability. This could be accelerated greatly by another large contract in our opinion. Who knows what the next Verizon or Chrysler will bring to the table.
Labels: Nighthawk, Nighthawk Systems, NIHK
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