B-Scada Inc (SCDA) research, news, and more from GeoInvesting

Company description

Wed, 13 Feb 2013 05:00:00 GMT

B-Scada, Inc. develops software products for the visualization and monitoring of real time data in heavy industry worldwide. The company offers human machine interface (HMI) software and supervisory control and data acquisition (SCADA) products for use in the petro chemical, electricity distribution, transportation, facilities management, and manufacturing industries. Its products are used for monitoring the heating, ventilation, and air conditioning systems in large commercial complexes. The company’s line of HMI software and SCADA products allow users to generate user interfaces, which comprise Internet Web sites and computer applications of various kinds, including computer models of simple and complex systems. It offers Status Vision Designer, an industrial control and monitoring application for heavy industry and manufacturing to create graphical screens and connects the controls on the screens to real-time data. The company also provides consulting, custom development, and integration services; and windows presentation foundation and extensible application markup language training, and graphic design services. In addition, it licenses its technology to various software companies. B-Scada, Inc. sells its products directly through the Internet, as well as through system integrators and resellers. The company was formerly known as Mobiform Software, Inc. and changed its name to B-Scada, Inc. in October 2012. B-Scada, Inc. was founded in 2003 and is headquartered in Crystal River, Florida.

Research

Wed, 30 Jan 2019 19:09:00 GMT

B-Scada Inc (PINK:SCDA) ($0.30; $1.0M market cap) - We are still reviewing SCDA’s annual report (for Q4 and full year 2018) which it filed on January 24, 2019. B-Scada develops software products for the visualization and monitoring of real time data in heavy industry worldwide. So far, we found the following verbiage worth noting from its 10-K:

“B-Scada switched to this business model in January of 2018. Initial response from our existing customers has been positive. New business activity and inquiries have increased significantly.

On the operations side, B-Scada has been very conservative with its resources. We have reduced expenses, slashed our marketing budget, and reduced our headcount. Additional expenses were cut related to the closing of our office in Spain along with sale of our office building in January 2018. Our goal is to have our expenses in line with our revenue for 2018, possibly generating a slight profit for the upcoming fiscal year. We will evaluate our new business model as the year progresses to determine if it will return the company to growth and profitability.”

SCDA is a name we have been watching for years and this is the first quarter in some time that looks as though it could be a step in the right direction. The company has hit a rough patch over the last couple of years and is shifting its business model to try and establish new revenue growth and profitability. At this point, it’s still too early for us to tell whether this new growth will stick, but as usual, we will reach out to management for more clarity.

To view all of our past coverage on SCDA, go here.

Research

Tue, 17 Apr 2018 14:18:33 GMT

B-Scada Inc (PINK:SCDA) ($0.34; $1.0M market cap) develops software products for the visualization and monitoring of real time data in heavy industry worldwide. After a several year run, we are removing SCDA from the GeoBargain list. Initially intrigued by the company’s transition to a software as a service model in 2013 we coded SCDA a GeoBargain. While the company and stock saw some initial success with the stock rising over 200% at its peak, the 2015 oil and gas crisis derailed the company’s momentum and it has not been able to recover.

We had hoped the company’s SaaS offerings would lead to other possibilities outside the oil and gas industry. While SCDA had some success expanding its footprint, it never gained the full traction we had hoped.

In its most recent financial update, the company stated it expects its licensing and support revenues, which were tied to some technology from Microsoft, to decline sharply as the technology has now become obsolete.

The company’s focus now will be on its Internet of Things platform and is offering its Status Enterprise product as a free download with basic support offerings. Premium support available at an hourly rate.

Conference Call Notes

Wed, 04 Jan 2017 15:10:37 GMT

Rich Hunzinger Updates Listeners on New Products on the Market

December 27, 2016

Source: Uptick Newswire, posted by Jasyn Blair

Attendees

Rich Hunzinger, Marketing Director for B-Scada, Inc.

Evertt Jolly, Host

[Beginning of Recorded Material]

Inroduction:

This is the Uptick Network’s Stock Day Podcast, sponsored by InvestorsHangout.com. Penny stock news and interviews from the microcap world. Public information on OTC, Pink-sheets, and microcap stocks from around the world. With your host, Everett Jolly.

Everett:

On today’s show, we have Rich Hunzinger here, marketing director of B-Scada. B-Scada provides marketing and software solutions for the monitoring and analysis of real time data. SCADA is an acronym for Supervisory Control and Data Acquisition. Rich, welcome to the show.

Rich:

Thanks for having me, Everett.

Everett:

You guys are trading on the OTCQB or the ticker symbol SCDA - company name is B-Scada Inc. So, I’ve been hearing a lot of news about this new CityWorks platform software. I know it’s in the cloud-based solutions. Can you tell my listeners a little bit about that?

Rich:

Sure, yeah. CityWorks is built on the same architecture as our Scada and our IoT platform. Software is based on OP-CUA or Unified Architecture. It’s a platform independent architecture. It’s intended to allow users to bring in data from a wide array of different types of hardware, whether it be sensors or logic controllers, databases, real-time user input, and it’s primarily intended for very, very large deployments with cloud-based analytics and real-time visualization for smart cities. We’ve been getting a lot of inquiries.

Before we had worked on the platform and made it available, there were a lot of people who were talking about smart city and smart community projects that were coming up in the near future because, in a lot of cases, funding that’s been made available by government, not only in the U.S. but also all over the world. A lot of governments are really investing and trying to get the smart city projects off the ground to help them manage city resources and monitor pollution and air quality and that sort of thing, a wide array of different sorts of applications.

hat’s what CityWorks is intended to do, to provide that software framework that’s needed to do whatever it is you’re looking to do in a large-scale deployment. That’s going to include a lot of different types of assets and a lot of different locations.

Everett:

That’s incredible. Recently, you released a new case study about a customer using your Internet of Things, better known as the IoT platform to remotely monitor and manage commercial and industrial boilers. Can you tell us a little more about that?

Rich:

Sure, yeah. Our IoT platform status device clouds are being used right now by a company based in Michigan called Hamilton Engineering and we did just recently release a case study about what they’re doing with it right now. They operate about 50,000 different boilers, for industrial and commercial heating applications. They’re custom made for each individual customer that they have and they’re deployed all throughout the U.S., Canada, and South and Central America as well. They were looking for a way to improve their ability to maintain these systems remotely because it’s so difficult. They use a distribution network when they have resale partners all over the place that have their own customers and handle the local support, but a lot of times if there is a problem and they need to go out and investigate exactly what the problem is, they don’t know what kind of tech they need to send, what sort of parts that tech should take, what sort of tools they’re going to need.

Now, before they send someone out, they’re going to be able to see exactly what the problem is, when the problem started, what they’re going to need to do, and they can send the right person out with the right tools and equipment the first time and they expect to save quite a bit of money just in maintenance. But what it’s also doing for them is improving the values to the customer; they believe it’s actually going to influence their sales as well when they can tell a customer, “Hey, it’s not only for us to access your system and see, but you can log in yourself and monitor your own equipment as well. It’s not only going to help you maintain those things and prevent any problems but also identify opportunities to do things a little bit more efficiently.”

So they’re pretty excited about what it’s going to do for them and the ability to improve not only their sales but to help them save money on what they’re already doing. We did the data model design for them, we designed the graphic interface that the customers and the Hamilton administrators are going to use, and the distribution partners. We helped them get that all set up and running with their cellular data from Verizon, which is what is used to actually communicate the data, boilers to the central system, where they’re going to be able to monitor everything from their office in Michigan or anywhere that has an internet connection and uses any sort of web-enabled device, like a tablet or a smartphone. It gives you constant access to not only what’s happening in real time, but any sorts of alarms, alerts, notifications, that came out about any issues, all of which is happening in real time. It’s available to exactly who needs it when they need it. We expect to not only be successful for what they’re doing now but hopefully moving forward in the future it is going to help them make a lot more sales.

Everett:

So let me see if I have this right. You guys have this IoT platform status device and you sell that to Hamilton Engineering and in return they sell that to their customers?

Rich:

It’s basically like an operating system for their boilers and systems that they’re going to be selling in the future. This new product line that they came out with, the EVO, it’s a new type of boiler, and as they’re selling that, they’re going to be offering that as an add on for those customers, so that they are now going to be able to choose to have the ability to remotely monitor their boilers as well. So you have something that Hamilton will be making available to their customers as another option.

Everett:

And what kind of numbers are we talking about in 2017, possibly?

Rich:

It’s possible that they’re going to be able to roll it out to some of their existing deployments as well, up to 50,000 systems that they have out there now. I strongly doubt that all of them are going to be interested in it, and some of them are using much older technology and don’t have a need for it as much.

Everett:

Is this platform two hundred dollars or two thousand dollars, what are we talking about price point wise?

Rich:

Well what we do, and this is something that’s kind of unique, the status device cloud platform, it’s based on usage and if a customer has a lower update rate, something that’s not being updated constantly, when they don’t need to see every three seconds what the center’s reading right now, it’s going to be a low cost. I mean, it’s as far as how much data you use. There are costs associated with Verizon’s cellular data as well, that doesn’t have anything to do with us. It’s going to be a monthly service payment. It’s not like you’re purchasing a software when you buy one of these boilers, you’re just purchasing access to the data and to the interface.

Everett:

I see.

Rich:

So yeah, it’s going to be based on usage and it’s going to be fairly inexpensive. That’s the idea, to make it fairly affordable and easy to get people on board.

Everett:

Your market cap, right now, is around 2.1 million dollars. Your stock price is around seventy cents. Where do you think we’ll end up in revenues in 2016?

Rich:

Well 2016 is probably going to be pretty similar to where we were in 2015, but we’re kind of laying the groundwork for a pretty exciting 2017. Based on the activity we’re getting right now, at a time of year when it’s usually pretty dead, we don’t get a lot of action on the website or a lot of inquiries between Thanksgiving and Christmas time. There aren’t a lot of people out there looking to make procurements at that time. We have been getting a little bit more activity than we usually do, so I expect 2017 is going to be a big improvement over what we’ve seen. Part of that is what we’ve done with status device cloud. Now we’re making it available to all customers as sort of a self-serve platform as a service, and we’re finding a lot of people that we talk to say, “Yeah, this is what I’m looking for, but I’ve only got four different tanks that I want to keep an eye on. I don’t want to make a thousands of dollars investment upfront and then find out I’m not even going to get a great ROI on this, so maybe it wasn’t really worth the money.”

What we’re able to do now, by putting this in the cloud, as a service, people can actually provision their own server, create their own data model, bring in data from whatever they have. Whether it’s their sensors, their controllers, whatever they’re using right now that they need to visualize and monitor, they can log on and start doing this at a low monthly cost to make sure that it is worth the investment and make sure it is something that’s going to give them the return they’re looking for without having to make that huge upfront investment. And because the platform is designed to allow people to do this without any kind of programming skills, it lowers the barrier of entry into the Internet of Things - is basically what we’re trying to do. We talked to a lot of people who are interested, who see the opportunity but just don’t know if it’s worth the investment. By offering it at a low monthly cost, it’s going to make it a lot easier for them.

Everett:

Yeah, I asked this question for a reason, and correct me if I’m wrong, recently you guys have taken on several new distribution partners. You guys have global resellers. So I’m thinking, by having the new resellers, new distribution partners, that’s going to add revenue to the bottom line in 2017.

Rich:

Yeah, that’s the plan. We’re making the platform much more accessible, much easier for people to use, and we’re also trying to make a serious effort to not only get new resellers, new people to leverage our existing resale network, making sure everybody’s trained and has up to date information and make sure everybody knows what they need to get these systems out there. Because getting our software deployed all over the place, and making it easier for people to use our software is going to help our hardware sales as well, because now people are using our status device called platform, and they say, “You know what, now I want to start getting some extra temperature readings on this, for this machine over here, I want to start putting motion detectors into this area.”

Now they’re going to be looking for sensors, and of course, naturally, they’re going to go to B-Scada to buy those sensors, because they’re already using our software, they know they’re going to be compatible and they’re going to work right away, plug and play. So I think getting the resale network expanded and the resellers motivated and active, out there pushing our software is actually going to help our hardware sales as well. The resellers are global, right now, the ones that we have just released, just announced in the press release that went out there, nine new resellers, and they’re in locations as diverse as Asia, a couple in Africa, a new one in Europe as well as in North and South America. They cover every single continent with the exception of Australia and Antarctica, with brand new resellers in the last couple of months.

Everett:

Do you think international sales is going to outperform domestic sales in 2017?

Rich:

It probably will. I mean, typically, that’s how it’s worked for us, and I don’t see anything changing in the future. You had mentioned the CityWorks product. The smart city deployments that are going out right now, the people that are really moving forward for the smart city projects, a lot of them are overseas. We are getting some interest in the U.S. as well, but I think those are a little bit further down the road. The ones that are in Asia, for instance, they’ve been doing the groundwork already. They have a lot more projects that are already planned and are reaching that implementation stage, whereas in the U.S. we’re maybe a little bit further behind. I think we’re going to get similar activity here, but I don’t think it’s necessarily going to be in 2017. So I would say in 2017, yeah, it’s probably going to be overseas.

Everett:

My guest today is Rich Hunzinger. He is the marketing director of B-Scada Inc. they trade on the OTCQB under the ticker symbol SCDA. If you want to go to their website and learn more about the company and the product, you can go to www.scada.com. Rich, in closing here, is there anything that we didn’t get a chance to talk about that you would like to get out to my listeners?

Rich:

Well, I’m sure I’ll think of something as soon as I’m off the phone with you here, but we pretty much went over everything. I mean, it’s pretty exciting time for us. We’ve been doing a lot of work getting ourselves prepared for the upcoming year and I expect good thigs in 2017.

Everett:

I wish you nothing but the best and we’ll talk to you after the new year, probably about a month or two from now to see how things are going with your global resellers.

Rich:

Alright, sounds good Everett. Thanks a lot.

[End of Recorded Material]

Research

Tue, 03 Jan 2017 15:58:47 GMT

Information Arbitrage Alert

We have come across an information arbitrage opportunity for long time GeoBargain SCDA ($0.61) that implies Q4 revenue could be a record (would be huge surprise to the street) and that profitability could be achieved. An audio podcast on Uptick Newswire with Rich Hunzinger, marketing director for SCDA discusses the next stages for the Company including SCDA’s new IoT platform-as-a-service, status device cloud, new partnerships, and optimism for 2017. Some quotes regarding Q4 2016 and fiscal 2017: (roughly 7:30 into audio)

“...2016 will probably be similar to 2015”
“...we have been laying the groundwork for exciting 2017”
“...expects 2017 to be big improvement over what we have seen”
“...activity has been picking up in times when they have been historically dead”

The 2016 comment implies Q4 2016 revenues to be near $780,800 (which would put 2016 revenues at 2015 levels). The company reported Q4 2016 sales of $471,777.

SCDA faced serious challenges as it lost customers in the oil and gas sector when oil prices began to collapse. You can see our complete coverage on SCDA here. The company has been in a multi-year transition to its SaaS offerings. In our June 2016 update we stated:

“B-Scada has invested the past year in new products, technologies and infrastructure. These products and services will be unveiled with great pride over the next few months and provide a great opportunity for the company to grow and prosper. We are very bullish on upcoming quarters and believe the foundation we have put in place will set the stage for long term growth and profitability for the company.”

We are encouraged by the comments from the podcast, as it seems the past two years of restructuring initiatives to transition its model to SaaS and recover from a huge hit to revenue from the 2015 oil price crisis are beginning to bear fruit.

If the Company does report close to $800,000 in revenues for Q4 2016, at current prices, the stock will be trading at an EV/Sales of less than 1.0. As we indicated in several prior SaaS research notes, we observed that publicly traded SaaS companies that is growing revenue at a 10% to 20% rate, will trade at an EV/Sales of between 2 and 4 and as much as 6 if the company is considered a tier one player (70+% gross margins and 20+% sales growth). Tier one companies that are acquired can be bought at an EV/Sales of north of 6.

Caveat:

We are a bit cautious of the word “similar” used in describing 2016 to 2015 revenues as it leaves a bit uncertainty with how close the sales will be.

Comments & Business Outlook

Thu, 16 Jun 2016 13:48:31 GMT

Second Quarter 2016 Results

Sales of $380,358 vs $504,050
Net loss of $28,956 vs net loss of $69,852

Revenue was stronger than anticipated for the Current Quarter, the steep revenue decline seen over the past few quarters as a result of the struggling petrochemical sector is now behind us and being replaced by new revenue from solution bundling offered by our hardware partners, revenue growth from our Spanish operations and new sales materializing with our cloud based SAAS (Software as a Service) offerings. The hardware/software bundles sold by our partner include wireless sensor nodes sold with B-Scada monitoring technology. Interest in Status Device Cloud, our SAAS based sensor monitoring platform is increasing and will be our revenue focus over the upcoming year.

The next few quarters for B-Scada will be very exciting. We will be launching our own line of wireless sensors at the Sensors Expo and Conference June 21, 2016 in San Jose, CA. These sensors will be sold preconfigured to B-Scada's Status Device Cloud providing customers with an easy to install turnkey wireless monitoring solution, and providing B-Scada with long term recurring SaaS model revenue. B-Scada will soon be offering hardware products from our partners preconfigured to Status Device Cloud as well. On premise solutions will also be available.

"The greatest challenge in deploying an IoT or Smart City style solution with wireless sensors is the hardware and software integration," say B-Scada CEO Ron DeSerranno. "B-Scada's product offerings will be unique in the industry whereby the wireless technology sold will be integrated into a cloud based monitoring solution before it leaves our facility." Offering wireless solutions preconfigured to a monitoring and analytics platform greatly reduces the time, complexity and cost of deploying a wireless sensor network.

B-Scada has invested the past year in new products, technologies and infrastructure. These products and services will be unveiled with great pride over the next few months and provide a great opportunity for the company to grow and prosper. We are very bullish on upcoming quarters and believe the foundation we have put in place will set the stage for long term growth and profitability for the company.

Share Structure

Thu, 21 Apr 2016 14:04:52 GMT

SCDA ($0.15) filed an8-k announcing a 1 for 10 reverse stock split effective after hours on April 29, 2016. As a result of the reverse stock split, the total number of shares of common stock outstanding will be reduced to approximately 3.064 million shares.

SCDA has been trying to recover from a challenging fiscal 2015 which was hampered by the downfall in the oil and gas industry and led to the company losing two significant customers. These customers were generating revenue for the company through licensing arrangements. This negatively impacted revenues throughout 2015. While we concede that SCDA may not be a timely investment, we are maintaining our long position. We believe the company's’ SaaS offering strategy (initiated to reduce reliance on lumpy licensing revenue) will eventually lead to strong and more predictable future operating results and/or may make SCDA an attractive acquisition target. It is our understanding that the company now has very limited exposure to the oil and gas industry.

SCDA provides software and hardware solutions for the monitoring and analysis of real time data in the SCADA (Supervisory Control and Data Acquisition), IoT (Internet of Things) and Smart City domains.

Comments & Business Outlook

Tue, 15 Mar 2016 19:37:32 GMT

CRYSTAL RIVER, FL--(Mar 9, 2016) - B-Scada, Inc. (OTCQB: MOBS) reports solid first quarter ("Current Quarter") results for fiscal 2015-2016. Our subsidiary in Spain was profitable for this quarter. We now have recurring revenue in a true SaaS (Software as a Service) model with our cloud based monitoring solutions. Our wireless sensor product line has passed initial testing. Drags on the business continue to be the disappearance of revenue from the petrochemical sector, and the skyrocketing costs of being a publicly reporting company.

Revenue for the current quarter is $404,182 down from the same period in the previous year of $496,144. Our Net Income (loss) for the quarter was ($35,730) an improvement from ($148,548) the year before.

Spain was profitable for the current quarter, business is brisk and we expect that Spain will continue to do well.

Software revenue and related consulting for the current quarter was $93,177 an increase over the previous year's total of $90,731, petrochemical continues to be a drag.

Technology licensing has declined due to losses in the petrochemical sector, revenue is down to $311,005 from $405,413 in the same period last year. Some of our technology licensing agreements are due to start expiring over the next couple of years and will produce some headwinds for revenue growth.

Our cloud based services are now generating recurring revenue in a SaaS model. Deployments include cloud based monitoring of data centers, boilers and generators. The system is also being used for building automation for monitoring temperature and water detection. Another project that may come on line soon will be monitoring steam traps and man holes.

Our line of wireless sensors was to move into manufacturing, with a target completion date of March 31. Testing of the units and feedback from our system integrators indicated that the current range of the units (100-400ft) may not be adequate for many applications. The communications of the units are now being reworked to more powerful chips which will increase the range. These more powerful chips will result in the units requiring FCC testing and certification. The shipping dates of the sensors is expected to slip by 8-10 weeks. Our plans now are for a formal launch to be done at the national Sensors Expo and Conference June 21-23, 2016 at the McEnery Convention Center, San Jose, CA. We do not yet know how much of a boost our new line of sensors and related monitoring services will add to our annual revenue.

Due to the low price of oil, revenue from the petrochemical sector has completely disappeared. This revenue accounted for more than 50% of our revenue in fiscal 2013-2014. The disappearance of this revenue resulted in the company making some substantial reductions in expenditures to bring our expenses in line with our new revenue reality. Staff cuts have been done and marketing budgets reduced. Our efforts have been extensive, expenditures for the current quarter were just $453,794 a considerable drop from $710,174 for the same period the previous year. Despite our efforts our burn rate still exceeds our current revenue. The only place left for significantly reducing expenditures is in our costs of being a public reporting company. SEC reporting related expenses are almost 10% of our current revenue and over the past several years have cost the company approximately $1,000,000, money that could have been used for growth. In addition, we believe the transparency of being a public company may be discouraging some companies with larger projects from doing business with us, adversely affecting revenue and opportunity.

It is an exciting time for the company. We are moving from strictly a SCADA software company (Supervisory Control and Data Acquisition) to a broader business with cloud based services, integrated hardware and a global presence. As the IoT (Internet of Things), IIoT (Industrial Internet of Things), and Smart City efforts gain momentum, B-Scada will be very well positioned for growth and opportunity. We would like to thank Yorkmont Capital Partners, LP and our current investors for their support.

Comments & Business Outlook

Fri, 29 Jan 2016 15:44:11 GMT

SCDA ($0.21) - Files 10-k. Q4 2015 results where down as expected vs the prior year.

Sales of $0.475 million vs $0.627 million in the prior year
EPS of $0.00 vs $0.03 in the prior year

As we stated in our June 9, 2015research note, fiscal 2015 for SCDA was hampered by the downfall in the oil and gas industry which led to the company losing two significant customers. These customers were generating revenue for the company through licensing arrangements. This negatively impacted revenues throughout 2015. While we concede that SCDA may not be a timely investment, we are maintaining our long position in SCDA. We believe the Company's’ SaaS offering strategy (initiated to reduce reliance on lumpy licensing revenue) will eventually lead to strong and more predictable future operating results and/or may make SCDA an attractive acquisition target. It is our understanding that the company now has very limited exposure to the oil and gas industry.

Commentary from the 10-k suggests the turnaround may be beginning to take fold:

“We are currently reevaluating our product positioning and marketing material to facilitate increased product sales. IoT prospects for the system has been increasing due to our surge in marketing and tradeshow activities. We also have a sensor manufacturer who is now piloting the sale of hardware and software bundles to its customers, including Status Enterprise as the visualization solution. While there is no assurance regarding the significance of future sales growth, we are reasonably confident that the system will be successful.

Our IoT Platform launched this spring has produced some initial customer wins, including an enterprise IT management solution for one of Taiwan's leading telecommunications companies, commercial office space monitoring in Africa and solar panels in Singapore. Status Enterprise has also had customer wins including a deployment in South America for one of the world's largest copper producers. United States deployments include monitoring irrigation systems at a public University campus and multiple deployments for commercial boilers and aquaculture. B-Scada has also established relationships with a leading hardware provider who will start bundling our software with its hardware in Q2 2016…

We are currently selling our software over the internet and are marketing our products and services to companies which may want to license or joint venture some of our software applications. New product and services revenue from our IoT initiatives will begin to influence our revenue in early fiscal year 2016.”

Research

Mon, 14 Dec 2015 15:48:42 GMT

$SCDA ($0.20) - In an8k filed on Friday, SCDA announced that Schlumberger Technology informed the Company that they were giving to the Company the required 90 days’ advance written notice to terminate, without cause, the respective Software License and Distribution Agreements.

In the fiscal year ended October 31, 2015 the Company received approximately $400,000 in revenue from the two agreements.

The impact of low oil prices was a big concern as we stated before. The company has lost nearly all of its oil and gas revenues over the past year. However, as we stated in our June 9, 2015 research note, the company has been transitioning and focusing on non-oil based customers, which has begun to show promise.

“Commercial Software revenue for Q3 2015 was the best quarterly result in the past 8 quarters. We expect this trend to continue with commercial software sales increasing in 2016 due to demand growth in Status Enterprise, our IoT Platform and increases in recurring support which have started to influence revenue.”

Additionally, on September 16, 2015 the company issued arelease on their website only, describing the revenue shift from oil to non-oil revenues.

“B-Scada's IoT platform continues to gain traction and recent partnerships continue to build momentum. The B-Scada brand is becoming more visible and recognized, with the company recently cited as a "Key Player" in the global HMI market by Global Industry Analysts, Inc., a leading publisher of off-the-shelf market research.

B-Scada looks forward to a promising Q4 and an exciting 2016!”

We plan to follow up with management to determine if the loss of Schlumberger revenues were expected and if they are still as optimistic about 2016 as before.

Comments & Business Outlook

Thu, 20 Aug 2015 18:07:39 GMT

CRYSTAL RIVER, Fla., Aug. 20, 2015 /PRNewswire/ -- B-Scada, Inc. (OTC:SCDA) has released their preliminary unaudited Q3 results for the quarter ending July 31, 2015.

Highlights

IoT Platform and Status Enterprise software sales increasing.
Numerous new systems deployed globally.
Revenue growth despite downturn in Petrochemical.

B-Scada, Inc. (B-Scada Group) includes B-Scada, Inc., B-Scada Soluciones Industriales SL. and Monitor Sensing Technologies Inc. B-Scada provides software and hardware solutions for the monitoring and analysis of real time data in the SCADA (Supervisory Control and Data Acquisition) and IoT (Internet of Things) domains. B-Scada products are sold worldwide in various verticals including building automation, transportation, smart grid, manufacturing, mining and petrochemical.

Despite the impact of the price of oil, which caused a considerable decline in our consulting services income, revenue for the nine months ending July 31, 2015 was $1,463,690, an increase of 3.2% over the previous year. The sharp declines in our consulting revenues were offset by increases in revenue from our Spanish operations and our Technology Licensing. The company has been transitioning its software focus from Status Machine Edition to Status Enterprise and our IoT Platform. Commercial Software Sales were up 15% compared to the same quarter last year, Status Enterprise and IoT Platform software sales now make up the largest share of commercial software revenues. Commercial Software revenue for Q3 2015 was the best quarterly result in the past 8 quarters. We expect this trend to continue with commercial software sales increasing in 2016 due to demand growth in Status Enterprise, our IoT Platform and increases in recurring support which have started to influence revenue.

Our IoT Platform launched this spring has produced some initial customer wins including an enterprise IT management solution for one of Taiwan's leading telecommunications companies, commercial office space monitoring in Africa, and solar panels in Singapore. Status Enterprise has also had customer wins including a deployment in South America for one of the world's largest copper producers. United States deployments include monitoring irrigation systems at a public University campus and multiple deployments for commercial boilers and aqua culture. B-Scada has also established relationships with a leading hardware provider who will start bundling our software with their hardware in Q4 2015.

Our plans for 2014-2015 included establishing our IoT Platform, increasing our European presence with the opening of our subsidiary in Spain, and expanding the languages the company operates in from English only to English, Spanish and Portuguese. The opening of our Spanish branch has been a success.

Plans for 2015-2016 will be growth focused, establishing Monitor Sensing Technologies Inc. (MST) our sensor technology arm which focuses on providing low cost sensors for the residential and light commercial market. Our Status Enterprise and IoT Platform will be enhanced to include connectivity to MST sensors and basic maintenance management capabilities. This new functionality – along with our existing monitoring, notification and workflow – will result in a true predictive maintenance solution for SCADA and IoT.

As a whole, these efforts will position B-Scada as a global 'go to' company for monitoring of live data. From monitoring a hotel room or simple commercial boiler to controlling an assembly line or monitoring key point indicators for a group of power plants, B-Scada can provide end to end solutions including local or cloud based software, sensors, consulting and professional services.

Comments & Business Outlook

Mon, 15 Jun 2015 12:46:11 GMT

Q2 2015 Update

CRYSTAL RIVER, Fla., June 12, 2015 /PRNewswire/ -- B-Scada (SCDA) reports Q2 results as filed with the SEC (for details, please visit http://www.sec.gov/). Revenue for the six months ending April 30, 2015 was $1,000,194, up from $843,546 for the same period in 2014. While the first quarter improved over the previous year, downward pressure on revenue is occurring as a result of the low price of crude oil. B-Scada customers involved in the oil and gas industry have drastically reduced consulting service contracts with the company. On a positive note, the Spanish subsidiary of B-Scada is now contributing revenue and is operating at break-even, offsetting some of the loss seen from the petrochemical sector. Continued downward pressure from petrochemical is expected to continue into early 2016.

Management Commentary:

"Our strategy for this fiscal year continues to focus on increased marketing activities growing our brand awareness and presence which will result in losses for the year. We expect to return to profitability in the next fiscal year.

"Status Enterprise pilot projects continue, but have not generated expected revenues. Status Enterprise sales to date have been smaller pilot deployments which have not yet translated into additional licenses.

Our newly launched low cost sensors are already producing revenue. Sales include two sales to Africa for monitoring of commercial hotels solar panels on commercial buildings. Monitoring of these deployments will be done on a subscription basis using the B-Scada VoT Platform.

"Our IoT system has been impressive since launching in the spring. We have partnered with several sensor manufacturers to allow their sensor data to be used within the VoT Platform. Some are working on bundles including sensor hardware and B-Scada software. We are in negotiations to have our IoT Platform promoted by two significant cellular carriers. We have equipment manufacturers evaluating the system to be used as a monitoring solution to be white labeled and distributed with their equipment. Other opportunities with partner companies include water/waste water, smart cities and data centers.

"Our outlook for fiscal 2015 will be for lower than expected revenues for the last two quarters due primarily to the slow-down in the petrochemical sector, and the slow uptake of additional Status Enterprise licenses. We are however extremely optimistic for fiscal 2016, expecting growth in our Spanish Subsidiary, sensor sales and IoT platform. We also expect Status Enterprise licenses to increase and are seeing demand for training growing.

"We would like to thank our shareholders for their continuing support."

Research

Tue, 09 Jun 2015 04:00:00 GMT

Oil and Gas Industry Continues to Weigh On GeoBargain $SCDA ($0.31)

While we concede that SCDA may not be a timely investment, we are maintaining our long position in SCDA. We believe the Company's’ SaaS offering strategy will eventually lead to strong future operating results and/or may make SCDA an attractive acquisition target. We may add to our position if shares see significant pullback in reaction to weak Q2 2015 financial results.

SCDA reported Q2 2015 results yesterday late in the trading day.

Q2 2015 revenues of $504,050 vs $507,774 in the prior year
Q2 EPS of $0.00 vs $0.01 in the prior year

“The decline in consulting services from companies related to the oil and gas industry continue to have a negative impact on revenue.”

SCDA does not anticipate this to change in the near future.

“Fortunately, these losses have been offset by revenue now coming in from recently opened Spanish operations.”

While we understand the current challenges SCDA is facing related to the negative impact lower oil prices are having on its oil and gas customers, we are somewhat discouraged that the company's SaaS offerings is not gaining steam, given recent marketing initiatives implemented by management. However, we still have confidence that management will execute its growth strategy. SCDA states it has

“four companies that are evaluating Status Enterprise as a data visualization solution to be marketed and sold with their existing hardware and/or software products.”

Research

Mon, 27 Apr 2015 04:00:00 GMT

CRYSTAL RIVER, FL / ACCESSWIRE / April 27, 2015 / B-Scada, Inc. (OTCQB: SCDA) has announced today its approval and acceptance as a General Member of the Intel(R) IoT Solutions Alliance, a global ecosystem of 200+ member companies that provide the performance, connectivity, manageability, and security developers need to create smart, connected systems. The membership will give B-Scada the opportunity to collaborate with other Alliance members in providing turnkey IoT (Internet of Things) solutions to customers in nearly every domain.

B-Scada's IoT software provides the data connectivity, real-time analysis and visualization that empowers users to improve efficiency, reduce waste, increase productivity and enhance safety in data-driven organizations around the world. Their Virtualization of Things (VoT) Platform allows user to easily create sophisticated IoT applications that weave together disparate data from different sources into a usable fabric of actionable intelligence. VoT systems seamlessly connect machines, sensors, databases and people in continuous network of real-time communication. Users can employ custom analytics, custom workflow - even custom data sources - while visualizing data in compelling, modern user interfaces composed of custom graphics.

B-Scada continues to distinguish itself as a leading name in IoT software technology, and continues to innovate and explore new opportunities to help customers realize their goals.

Comments & Business Outlook

Fri, 13 Mar 2015 04:00:00 GMT

$SCDA ($0.45) - GeoBargain SCDA reported Q1 2015 results:

Q1 2015 revenues of $496,144 vs Q1 2014 revenues of $335,722
Q1 2015 loss per share of $0.01 vs breakeven in Q1 2014

As we stated before, we are not overly concerned about the decrease in profitability at this point in SCDA’s growth cycle, since achieving a top line growth rate in excess of 20% is the key factor in the early stages of SaaS companies (from our experience). The company had previously set a target of 25% revenue growth for 2014-2015. However, a large portion of growth was coming from customers in the oil and gas sector. What is unclear to us is if these targets of 25% growth are still in tact, since management has yet to issue a press release but has stated in the Q that revenues from the technology and support segment are expected to decline over the course of the year as customers in the oil and gas industry have indicated they need to reduce expenditures.

There are some positives for future growth with the newly launched Status Enterprise product and new Spain subsidiary. Quotes from the Q:

Although Status Enterprise was released in January of 2014, our marketing campaigns were not fully launched until the spring of 2014. The sales cycle for these type systems is often nine months or more, as such, sales of Status Enterprise have just started to have an impact on our operations.
Revenues from our office in Spain have contributed to our revenue growth this quarter, but are not expected to be a significant contribution until 2016.

Comments & Business Outlook

Tue, 27 Jan 2015 05:00:00 GMT

CRYSTAL RIVER, Fla., Jan. 27, 2015 (GLOBE NEWSWIRE) -- B-Scada, Inc. (OTCQB:SCDA), a software solutions provider specializing in compelling visualization technology and HMI/SCADA products, today reported financial results for its year-end 2014 (FYE14) compared to year-end 2013 (FYE13).

FYE14 highlights compared with FYE13:

    Revenues were $2.038 million, an increase of $490,040 or 32% from $1.548 million
    Net Income increased 18% to $1,029,563 an increase of $158,315 from $871,248; EPS of $0.04 vs $0.04
    2014 Q4 was a record-setting quarter for B-Scada, with quarterly revenue reaching $620,000.

B-Scada's release of Status Enterprise in early 2014 has been received well by the marketplace and currently has multiple deployments throughout various industries. Status Enterprise is currently deployed for power plant monitoring, glass manufacturing, boiler monitoring, plastic molding and more.

As we have become more widely known we've also implemented several pilot programs in multiple countries and varying market sectors, including energy and water management, robotic stamping, fleet management, and mining, with more than a dozen other pilot programs around the world.

"We feel that B-Scada is positioned quite well to take advantage of new developments in the marketplace. With many companies expecting to invest heavily in M2M (machine-to-machine) and IoT (Internet of Things) projects in the coming year, there is likely to be significant interest in the open platform that we provide," said Ron DeSerranno, CEO. "The increases in revenue we are seeing are a reflection of the growing demand for our technology, as well as the increased confidence the market has in our products and expertise."

Comments & Business Outlook

Thu, 11 Dec 2014 05:00:00 GMT

CRYSTAL RIVER, FL--(Marketwired - Dec 11, 2014) - B-Scada, Inc. (OTCQB: SCDA), an industry leader in SCADA (Supervisory Control and Data Acquisition) and HMI (Human Machine Interface) software for data visualization, plans to publicly announce and file with the Securities and Exchange Commission in late January 2015 its annual financial statements for the fiscal year ended October 31, 2014. Preliminary unaudited revenues for fiscal 2014 are approximately $2.04 million, exceeding revenues for fiscal 2013 by more than $490,000, or approximately 32%.

Management Commentary

"The investments made in our web presence, sales team and marketing automation in the past year are bearing fruit," said Ron DeSerranno, CEO of B-Scada. "Status Enterprise, which was released in the spring of 2014, now has commercial deployments and is generating revenue." Numerous pilot projects and integrator feedback on the system indicate that revenue from Status Enterprise will accelerate and grow as a percentage of our total revenue in 2015. Customers have indicated a strong preference for our HTML 5 mobile solutions instead of the Java based solutions offered by our competition. Customers also recognize the numerous benefits an information model based system has over traditional style SCADA (Supervisory Control and Data Acquisition) systems. Services for technology licensing was unexpectedly strong in 2014 contributing to our performance growth. Our current engagements extend well into 2015 ensuring that our consulting services revenue will be strong again in 2015.

We are confident in our ability to deliver long-term growth and profitability. In the upcoming year we intend to invest cash resources back into the company to accelerate growth and to ensure we have all of the sales, development and support resources in place to properly look after our customers and address opportunities that may arise. Our staff, including our Spanish office, has almost doubled in the past year to 24 full-time employees, and we expect to add additional staff before the end of the current quarter. Financial resources will also be invested in marketing activities. Our experience indicates that the long lead time in our sales cycle and marketing efforts requires approximately nine months to impact revenues and profits.

Our new Spanish office has already made some Status Enterprise sales with deployments in South America, Africa and additional Status Enterprise licenses sold in Spain. We are very happy with their progress to-date. We expect that our Spanish office will contribute to revenue growth in 2015, but may not reach profitability in its first year. We have set a target of 25% revenue growth for the Company overall for 2014-2015, but we expect a decline in net profitability as we invest cash resources back into the Company, to absorb the setup costs for the Spanish branch, and account for the possibility of some initial losses from the first year of overseas operations.

As always there are wildcards. We believe that our technology licensing partners remain engaged and quite happy with the licensing arrangements they have with B-Scada. Given that some of these agreements are quite substantial, the loss of even one of these partnerships could have an impact on our ability to meet our revenue target for 2014-2015. We also have some exciting opportunities emerging with Status Enterprise. We have hardware vendors that have expressed an initial interest in reselling the system to their customers and possibly entering into OEM licensing arrangements. Such arrangements could generate some unexpected new sources of revenue. We are always on the lookout for new growth opportunities, be it through partnerships, licensing agreements or possibly acquisitions. While we have no near term plans to engage in any additional financing activities, this could change depending on the type of opportunities that emerge in the upcoming year.

Despite steep increases in fees and obligations for being listed as an OTCQB company, B-Scada has satisfied all requirements and is approved to continue trading on this exchange.

Overall it has been an exciting year. We thank our shareholders for their ongoing support and wish everyone Happy Holidays and a prosperous new year.

Comments & Business Outlook

Mon, 03 Nov 2014 05:00:00 GMT

CRYSTAL RIVER, FL--(Marketwired - Nov 3, 2014) - B-Scada, Inc. (OTCQB: SCDA) announced today the opening of its Spanish subsidiary. The subsidiary will provide improved sales, service and support to Spanish and Portuguese speaking customers worldwide. "B-Scada Spain will help us attract new customers and communicate better with our existing customers," says Ron DeSerranno, CEO for B-Scada. "Business is conducted differently in different parts of the world, and the office in Spain will provide a new point of contact for our LATAM (Latin America) and EMEA (Europe, Middle East and Africa) resellers and end users." Coneti Consultores, a Spanish consulting firm and reseller of B-Scada systems, will be providing the initial talent and management for the new company. "Coneti knows our systems, knows our staff and has delivered many successful software and hardware systems over the past several years," says DeSerranno. "They also have successful deployments of B-Scada systems in Spain and Angola, including the first deployment of Status Enterprise in a manufacturing environment. This combination of technology and talent will produce an immediately successful company." B-Scada estimates that the Spanish subsidiary could contribute $500K to annual revenues in the first year of operations. The new company will also be seeking talent to grow the business in Spain and is looking forward to meeting companies that may require B-Scada products and services.

Share Structure

Thu, 02 Oct 2014 04:00:00 GMT

CRYSTAL RIVER, FL: B-Scada, Inc. (SDCA), a software solutions provider specializing in the development and deployment of HMI/SCADA systems, announced today that their request for a new ticker symbol SCDA - replacing MOBS - was approved by the Financial Industry Regulatory Authority (FINRA). As of tomorrow, October 2nd, trading in B-Scada common shares on the OTCQB will proceed under the new symbol SCDA.

"B-Scada changed its name in October 2012 to more easily identify our industry niche and increase accessibility on the internet," said Ron DeSerranno, CEO. "We're now taking the next step in brand recognition by aligning our ticker symbol with the company name."

Comments & Business Outlook

Tue, 16 Sep 2014 04:00:00 GMT

Third Quarter 2014 Results

Revenues increased 69% to $574,315 -- an increase of $234,171 from $340,144
Net income increased 133% to $181,553, an increase of $103,613 from $77,940
EPS of $0.01 vs $0.00 in the prior year period

Quotes from managment:

"We believe the increases in revenue are a reflection of the increased confidence the market has in our products and expertise," said Ron DeSerranno, CEO. "The Status Enterprise HMI/SCADA system introduced into the market this spring is being very well received. It will begin to have a positive influence on our revenue this fall. The additional $800,000 in equity financing received by the Company this summer will be used to further promote the Company and our products globally. We anticipate growth to accelerate in 2015."

Deal Flow

Wed, 06 Aug 2014 04:00:00 GMT

CRYSTAL RIVER, FL--(Marketwired - Aug 6, 2014) - B-Scada, Inc. (OTCQB: MOBS) B-Scada, Inc. announces it has entered into a Stock Purchase Agreement to sell 2,424,242 common shares at a price of $0.33 per share to Yorkmont Capital Partners, LP.

Comments & Business Outlook

Mon, 16 Jun 2014 04:00:00 GMT

Second Quarter 2014 Results:

Revenue increased from $440 thousands in prior year to $507 thousands this quarter, by approximately 15%.
EPS this quarter was $0.01 vs $0.01 in the same quarter last year.

Management Commentary: "We continue to improve our revenue quarter over quarter," said Ron DeSerranno, CEO. "Status Enterprise, our latest product addition, now has its first live deployment with many more current and new customers evaluating the system. We have high expectations for Status; we believe it will reshape the HMI/SCADA system market and make greater contributions to our revenue growth as the year progresses."

Comments & Business Outlook

Thu, 13 Mar 2014 04:00:00 GMT

B-SCADA, INC.

STATEMENTS OF OPERATIONS [UNAUDITED]


	For the Three Months Ended
	January 31,
	2014		2013

Revenues
Technology Licensing and Support	$	389,197	$	170,085
Commercial Software		65,972		104,532
Total Revenues		455,169		274,617

Operating Expenses
Technology Licensing and Support		25,783		18,986
Commercial Software		25,876		19,053
Sales and Marketing		76,233		49,535
Research and Development		58,815		43,290
General and Administrative		126,468		96,575
Depreciation and Amortization		1,258		1,288
Total Operating Expenses		314,433		228,727

Operating Income		140,736		45,890

Other Income (Expenses)
Interest Income		150		--
Interest Expense		--		(1,008)
Interest Expense - Related Party		--		(3,311)
Total Other Income (Expenses)		150		(4,319)

Income Before Income Taxes		140,886		41,571

Provision for Income Taxes		--		--

Net Income	$	140,886	$	41,571

Basic Earnings Per Common Share	$	0.01	$	--

Diluted Earnings Per Common Share	$	0.01	$	--

Weighted-Average Common Shares Outstanding -
Basic Earnings Per Share		24,586,672		24,586,672

Weighted-Average Common Shares Outstanding -
Diluted Earnings Per Share		24,796,672		24,586,672

Our revenues for the three months ended January 31, 2014 amounted to $455,169 compared to fiscal 2013 revenues of $274,617, an increase of approximately $181,000 (66%). In fiscal 2014, we had increases in technology licensing revenues ($155,000) and support revenues ($64,000) of $219,000 which were offset by a decline in commercial software revenues of $38,000. We entered into two new long-term licensing agreements at the end of the first quarter of fiscal 2013 which in fiscal 2014 accounted for $16,000 of the increase in both technology licensing revenues and support revenues. In addition we recognized licensing royalties of $120,000 in fiscal 2014. We continue to implement our strategic goals to generate increased revenues from the sales of our products and services, which accounted for the balance of our revenue growth. Service revenues include revenues from fees charged for the implementation of our software products and training of customers in the use of such products. We are currently selling our software over the internet and are marketing our products and services to companies which may want to license or joint venture some of our software applications.

Status Enterprise provides greater scalability, data modeling and support for HTML 5 and mobile devices. We do not expect this offering to start generating additional revenue until the end of 2014, as the sales cycles for SCADA products is often several months or more.

Comments & Business Outlook

Thu, 27 Feb 2014 05:00:00 GMT

CRYSTAL RIVER, FL--(Marketwired - Feb 27, 2014) - B-Scada (OTCQB: MOBS) continues to grow. The addition of three new team members recently, for a total of six in the past year, has necessitated a move to a larger facility. B-Scada has purchased Building #9 in Plantation Village at 9030 W Fort Island Trail, Crystal River, FL 34429. The 4330 sq. ft. facility is comprised of a reception area, offices and open work areas ideal for a high tech company. It includes ample parking for customers and employees plus an undivided interest in a vacant lot to the south of the building.

Purchasing the building will help B-Scada reduce its annual expenses for space while providing more room for current and additional employees. The investment will also grow equity for our shareholders.

B-Scada will be preparing and upgrading the building over the next couple months; occupancy is planned by May 1, 2014.

Comments & Business Outlook

Fri, 31 Jan 2014 05:00:00 GMT

CRYSTAL RIVER, Fla., Jan. 31, 2014 /PRNewswire/ -- B-Scada, Inc. (OTCQB: MOBS) redefines SCADA and HMI with the release of Status Enterprise 2.0 RC1.

B-Scada has made available Status Enterprise 2.0 RC1, the release candidate of our enterprise level HMI (Human Machine Interface) and SCADA (Supervisory Control and Data Acquisition) System. Those interested in Status Enterprise can now request a product demonstration from our sales team and have access to a trial of the system.

Status Enterprise allows you to create a more organized and flexible SCADA system. The asset management capabilities add intelligence and relevant information to your HMI screens in addition to your live data. Status Enterprise goes beyond SCADA, providing you with a system that gives you all the information you need to make faster, smarter and more informed decisions.

Intelligence

Status Enterprise builds on the success of our Status Machine Edition HMI released in 2008. In addition to SCADA functionality and a world class HMI designer built on the latest technologies, Status Enterprise incorporates asset management capabilities through a data model. This allows an asset, say a sensor, to have more than just an updating value. It can have an asset Id, model number, manufacturer, efficiency, operating ranges, troubleshooting instructions, or part numbers. Through Status Enterprise, you could even define work tickets, maintenance requirements and incidence reports that are all available with your live data in your HMI screens. Your HMI screens will provide considerably more intelligence, allowing you to maximize productivity and production quality, reduce unscheduled downtime, and minimize the risk of accidents. None of the old style HMI's can deliver this level of functionality.

Efficiency

"HMI and SCADA systems of the 1990's bind values or tags directly to the graphics," says Ron DeSerranno, CEO of B-SCADA. "There is little opportunity for screen reuse if you have many similar assets to monitor. Every asset will need its own screen with its own bindings. This greatly increases the size and complexity of your HMI deployment making it awkward to maintain and more time consuming to implement. Data modeling in Status Enterprise overcomes these limitations by allowing you to create an HMI screen for a 'type' of asset, a screen that can be reused over and over." Status Enterprise allows you to create and deploy a better HMI/SCADA application faster and makes it easier to maintain.

Accessibility

HTML5 support in Status allows you to view your data on today's most popular devices, phones and tablets wherever you need it. Being ISA 95 friendly and using open OPC UA, Status is secure and can integrate with other systems in your enterprise both consuming and providing critical information.

Status Enterprise will make your supervisory control system more intelligent, more efficient, and more accessible than ever before.

Comments & Business Outlook

Wed, 29 Jan 2014 05:00:00 GMT

Full Year 2013 Results

Revenues for fiscal 2013, as anticipated, far exceeded those for 2012, posting at $1.55 million for an increase of approximately 45%. More than $214K of debt has been eliminated from the Balance Sheet as promissory and convertible notes were satisfied in 2013.

MANAGEMENT COMMENTARY

In his Annual Report to Shareholders, Ron DeSerranno, CEO, noted that consulting and services demand has started off strong in 2014, even stronger than 2013. Consulting service revenues are tied to the performance of technology licensing and commercial software sales. Consulting services for 2014 are expected to do at least as well as 2013.

Our target revenues for 2014 and 2015 are based on our current licensing agreements, market activity, sales and marketing investments and potential market impact of new products. Revenue growth over the past two years has been very strong and we expect that growth to continue through 2015.

Fourth Quarter Resutls

Revenues for the fourth quarter 2013 were $492 thousand vs $411 thousand in the prior year period.

Net income for the fourth quarter 2013 was $148 thousand vs $136 thousand in the prior year period.

Liquidity Requirements

Tue, 28 Jan 2014 05:00:00 GMT

We view the following change in liquidity requirements as bullish for MOBS

2013 year end 10-k filied on 1/28/2014:

"We believe that our cash on hand at October 31, 2013 and our revenue commitments will be sufficient to fund our operations for at least the next 12 months. We have signed significant licensing agreements and continue to market our products and services in accordance with our strategic business plan."

In prior quarterly filings and year end filings the company stated:

"We believe that our cash on hand at October 31, 2012 and our revenue commitments will be sufficient to fund our operations for at least the next 12 months. We have signed significant licensing agreements and continue to market our products and services in accordance with our strategic business plan. We are also looking to raise additional capital through debt and/or equity financings. There is no assurance that the income generated from these and future agreements will meet our working capital requirements, or that we will be able to sign significant agreements in the future. There is also no assurance that we will be able to obtain additional capital in the amount or on terms acceptable to us."

We believe when investors take note of the liquidity change, it should alleviate concerns investors may have had about possible dilution.

Comments & Business Outlook

Tue, 26 Nov 2013 05:00:00 GMT

CRYSTAL RIVER, Fla., Nov. 26, 2013 /PRNewswire/ -- B-Scada, Inc. (OTCQB: MOBS), an industry leader in SCADA (Supervisory Control and Data Acquisition) and HMI (Human Machine Interface) software for data visualization, plans to publicly announce and file with the Securities and Exchange Commission in late January 2014 its annual financial statements for the fiscal year ended October 31, 2013. Unaudited revenues for fiscal 2013 are expected to be approximately $1.54 million, exceeding revenues for fiscal 2012 by more than $470,000, or approximately 45%. Unaudited income before income taxes in fiscal 2013 is estimated to be roughly $460,000 an approximate 200% increase over fiscal 2012.

MANAGEMENT COMMENTARY

"We continue to improve our balance sheet, as we eliminate liabilities and increase net income," said Ron DeSerranno, CEO. "Our investments in our web presence, sales team and marketing automation in the past year are expected to yield revenue increases for 2014. We are confident in our ability to deliver long-term growth and profitability. The much anticipated release of our Status Enterprise product continues to be on track for early in the New Year. Status Enterprise is an enterprise level SCADA system that will firmly establish our position in the market as a leading edge technology provider for the monitoring of live industrial and commercial data. Status Enterprise will provide greater scalability, data modeling and support for HTML5 enabled devices."

Comments & Business Outlook

Tue, 15 Oct 2013 04:00:00 GMT

CRYSTAL RIVER, Fla., Oct. 15, 2013 /PRNewswire/ -- Public company B-Scada, Inc. (OTC US: MOBS), a data visualization software company, has retained JumpDEMAND, a marketing automation company, as a strategic lead generation and marketing partner.

While the partnership focuses on building B-Scada's brand, lead generation, sales conversion and current customer retention strategies, the relationship is also timely as it coincides with B-Scada's launch of their Status Enterprise Edition software - a robust SCADA software package with sophisticated data modeling capabilities.

JumpDEMAND has extensive experience in e-marketing industrial automation products and services. This experience coupled with their ActiveDEMAND marketing automation platform provides B-Scada with a competitive advantage.

"JumpDEMAND came highly recommended to B-Scada," says Ron DeSerranno, CEO of B-Scada. "It's unusual to find a company that has a solid understanding of the industrial automation industry AND are e-marketing experts. This combination of talents fits our business well and we're energized about the relationship."

"B-Scada has always been on the leading edge of data visualization technology and we're excited to be part of making B-Scada even more successful," comments Sean Leonard, CEO of JumpDEMAND. "When you combine industry proven products, like B-Scada has, with tailored marketing automaton strategies, market share grows."

The partnership between B-Scada and JumpDEMAND includes refining company and product positioning strategies, and a marketing execution plan leveraging marketing automation.

Comments & Business Outlook

Tue, 10 Sep 2013 04:00:00 GMT

Third Quarter 2013 Results

Revenue for the nine months ending July 31, 2013 increased by 62% to $1,055,013 compared to $659,022 for the same period in 2012, while net income increased from $16,034 to $317,267.

"Demand for our consulting services, graphics design and custom development was much higher than anticipated this year. Our retail product sales are increasing, revenue from technology licensing is up. Overall we are having an exceptional year. While demand for consulting services may cool for 2014, we are projecting increases in technology licensing revenue. New relationships, partnerships and agreements in the pipeline along with increased marketing efforts will contribute to increased retail product sales. New products in development will come online early in the New Year and will begin to contribute to revenue growth towards the end of 2014. Our current projections show solid growth continuing for the remainder of the year and well into 2014." - Ron DeSerranno, CEO

B-SCADA, INC.

STATEMENTS OF OPERATIONS [UNAUDITED]


	For the Three Months Ended				For the Nine Months Ended
	July 31,				July 31,
	2013		2012		2013		2012

Revenue	$	340,144	$	179,893	$	1,055,031	$	659,022

Operating Expenses
Payroll Expenses		193,248		153,892		552,748		484,525
Professional Fees		14,086		13,750		43,180		40,648
Advertising		14,713		8,298		38,945		16,917
Depreciation and Amortization		1,306		3,028		3,851		9,623
Consulting Fees		1,635		1,114		4,808		2,834
Office		7,770		8,846		16,862		12,277
Rent		9,032		8,188		25,426		26,474
Telephone and Communication		1,908		2,266		6,088		6,049
Other		15,673		7,103		35,626		29,761
Total Operating Expenses		259,371		206,485		727,534		629,108

Operating Income (Loss)		80,773		(26,592)		327,497		29,914

Other Expenses
Interest Expense		(1,008)		(1,008)		(3,024)		(3,024)
Interest Expense - Related Party		(1,825)		(3,310)		(7,206)		(10,856)
Total Other Expenses		(2,833)		(4,318)		(10,230)		(13,880)

Income (Loss) Before Income Taxes		77,940		(30,910)		317,267		16,034

Provision for Income Taxes		--		--		--		--

Net Income (Loss)	$	77,940	$	(30,910)	$	317,267	$	16,034

Basic Earnings (Loss) Per Common Share	$	--	$	--	$	0.01	$	--

Diluted Earnings (Loss) Per Common Share	$	--	$	--	$	0.01	$	--

Weighted-Average Common Shares Outstanding - Basic Earnings (Loss) Per
Common Share		24,586,672		24,586,672		24,586,672		24,586,672

Weighted-Average Common Shares Outstanding - Diluted Earnings (Loss) Per
Common Share		24,749,092		24,586,672		24,714,351		24,586,672

Management Commentary:

We are on target to release a significant addition to our SCADA software offering at the end of the year. Status Enterprise will provide greater scalability, data modeling and support for HTML 5 and mobile devices. We do not expect this offering to start generating additional revenue until the end of 2014, as the sales cycles for SCADA products is often several months or more.

Comments & Business Outlook

Thu, 13 Jun 2013 04:00:00 GMT

Second Quarter 2013 Results

Reported Revenues of $440, 270, compared to $197, 508 for the same quarter of 2012.
Reported Net Income of $197, 756, compared to a loss of $14, 685 for the same quarter of 2012.
Reported EPS of $0.01, compared to $0.00 for the same quarter of 2012.

"Sales of our existing SCADA products are strengthening," says Ron DeSerranno, CEO. "Combined with our long term technology licensing agreements, this puts us in a very good position for continued growth. New products to be released towards the end of the year will add even more momentum. It is a very exciting time for our customers, shareholders and staff."

B-Scada's revenue is generated from two sources, through retail sales of our HMI and SCADA software products and through licensing of technology to other companies for use in the products they produce. 'Status' is a powerful SCADA (Supervisor Control and Data Acquisition System) software program capable of connecting to real time industrial data and displaying the information in real time to operators, maintenance personnel and supervisors. B-Scada has attracted a number of resellers and system integrators that are now promoting and using 'Status' in commercial settings. Status is now being used to monitor one of the largest subway systems in the world. It is monitoring HVAC performance in pharmaceutical manufacturing facilities in China, railways in Italy, and used in numerous vertical markets in the United States including electricity generation, waste water and EPA monitoring.

B-Scada, Inc. is trading under the symbol MOBS.

Research

Thu, 11 Apr 2013 04:00:00 GMT

In keeping with the recent theme of following software related companies, the GeoTeam has begun to track B-Scada, Inc. (PINK: MOBS). We could not help but notice that there will be a software-as-a-service (SaaS) angle intrinsic to the operations of this company. In looking at B-Scada, we feel that it offers attractive software solutions to customers that want to automate certain aspects of their operations. Despite its small size the company continues to build long-term relationships with blue chip names, has developed a scalable platform, and has a proven management team led by an accomplished CEO. And of course, we also have to consider the possibility of a company like this possibly being acquired. We’ve interviewed the company on multiple occasions.

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Comments & Business Outlook

Thu, 07 Mar 2013 05:00:00 GMT

CRYSTAL RIVER, FL--(Marketwire - Mar 7, 2013) - B-Scada Inc. (OTCQB: MOBS) has filed its 10Q for the quarter ending January 31, 2013. We continue to implement our strategic goals to increase revenue from the sales of our products and services. In the first quarter of fiscal 2013, revenues were consistent with those of the comparative 2012 fiscal quarter. However, we signed multi-year license and support fee agreements effective January 1^st that in total will be in excess of $2 million dollars over the initial seven year term of the agreements. Within the first quarter we have also increased our global network by adding resellers in India and Indonesia.

CEO Ron DeSerranno cites 2012 as a 'solid year for B-Scada' and anticipates continued growth in 2013 with the upcoming release of Status Enterprise, our next generation SCADA (Supervisory Control and Data Acquisition) system.

B-Scada's revenue is generated from two sources, through retail sales of our HMI (Human Machine Interface) and SCADA software products and through licensing of technology to other companies for use in the products they produce. B-Scada has developed its own Industrial Control and Monitoring solutions over the past five years. 'Status' is a powerful SCADA software program capable of connecting to real time industrial data and displaying the information in real time to operators, maintenance personnel and supervisors. B-Scada has attracted a number of resellers and system integrators that are now promoting and using 'Status' in commercial settings. 'Status' is now being used to monitor one of the largest subway systems in the world. It is monitoring HVAC performance in pharmaceutical manufacturing facilities in China, railways in Italy, and used in numerous vertical markets in the United States including electricity generation, waste water and EPA monitoring.