WEB NEWS Research
FORTRAN CORP (OOTC:FRTN) ($0.06; $1.4M market cap), a telecommunications system integrator dedicated to designing, sourcing, implementing and maintaining complex, announced Q1 2023 results:
Sales of $785,000 vs $384,000 in the prior year
Gross profit of $456,000 vs $149,000 in the prior year
Non-GAAP break even vs loss of $0.01 in the prior year
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FORTRAN CORP (OOTC:FRTN) ($0.04; $0.9M market cap), a telecommunications system integrator dedicated to designing, sourcing, implementing and maintaining complex, announced Q4 2022 results:
Sales of $620,000 vs $240,000 in the prior year
Gross profit of $290,000 vs $68,000 in the prior year
Loss of $0.01 vs loss of $0.01
Full year sales of $2.3 million vs $1.2 million in the prior year
Gross profit of $1.0 million vs $0.78 million
Loss per share of $0.03 vs loss per share of $0.03
Results were via its annual report only, with limited to no management commentary. While it’s good to see that the company is growing revenues, management missed its target of reaching profitability.
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FORTRAN CORP (OOTC:FRTN) ($0.15; $3.3M market cap), a telecommunications system integrator dedicated to designing, sourcing, implementing and maintaining complex, announced Q3 2022 results:
Sales of $680,000 vs $337,000 in the prior year
Gross profit of $290,000 vs $90,000 in the prior year
Loss of $0.01 vs EPS of $0.00
Results were via its 10-Q only, with limited to no management commentary
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FORTRAN CORP (OOTC:FRTN) ($0.11, $2.3M market cap) a telecommunications system integrator dedicated to designing, sourcing, implementing and maintaining complex telelconusions solutions in North and South Carolina, announced Q1 2022 results:
Sales of $384,000 vs $254,000 in the prior year
Loss per share of $0.01 vs $0.00 in the prior year
Results were via a 10-Q only, no press release yet. So we will wait to review comments from management as they stated they are positioned for profitable growth for 2022 in the year end press release for 2021 .
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FORTRAN CORP (OOTC:FRTN) a telecommunications system integrator dedicated to designing, sourcing, implementing and maintaining complex telelconusions solutions in North and South Carolina announced it has completed the acquisition of 100% ownership interest in Comconexx.
“Comconexx will continue to operate as a wholly owned subsidiary of Fortran Corporation, providing innovative technology solutions in Fort Myers, Florida and the surrounding areas. Comconexx joins Fortran Communication, B and L Telephone, and M and B Communication, Fortran’s other wholly owned subsidiaries located in North and South Carolina. Glenn Withers, President of Fortran Corporation, stated; “We are excited to have Comconexx join our family of innovative companies. We are looking forward to Comconexx’s contribution to our growth and performance.”
We need to conduct a follow up interview with management to determine the financial impact this could have for the company.
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FORTRAN CORP (OOTC:FRTN) a telecommunications system integrator dedicated to designing, sourcing, implementing and maintaining complex telelconusions solutions in North and South Carolina.
Reported Q3 2021 results :
Sales of $340,000 vs $363,000 in the prior year
Break even vs loss of $0.01
The company has only filed the 10-Q with limited to no comments from management.
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FORTRAN CORP (OOTC:FRTN) a telecommunications system integrator dedicated to designing, sourcing, implementing and maintaining complex telelconusions solutions in North and South Carolina.
The company has only filed the 10-Q with limited to no comments from management. They have been providing shareholder updates from time to time via press release, so we are keeping our eye out for that to see if management offers any color on its outlook.
On July 30, 2018 we disclosed a small speculative position and offered a few brief reasons for tracking, which can be seen here .
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FORTRAN CORP (OOTC:FRTN) ($0.69; $12.0M market cap) , a company that provides communication solutions designing, sourcing, implementation, and maintenance services, announced a new product offering. The company announced :
“ it will begin offering the latest Hikvision thermal graphic temperature reading cameras through our operating subsidiaries B & L Telephone, LLC and Fortran Communications, Inc. These state-of-the-art thermal imaging cameras and software can measure the temperature of individuals as they enter companies, schools, and government facilities, which we believe will be an important tool as they look to safely and effectively reopen after mandatory closures due to the COVID-19 pandemic.”
On July 30, 2018 we disclosed a small speculative position when shares were trading at $0.49 and offered a few brief reasons for tracking, which can be seen here . Since then, The company has been taking steps to maximize shareholder value, including improving its capital structure, exiting non-core businesses and winning a lawsuit against the previous founder. The march forward is being driven by a large shareholder of the company.
