BeaconEquity.com announces the publication of an article covering recent news from On Track Innovations (Nasdaq: OTIV), including the company’s first-quarter financials, and the potential of big government contracts.
Investors can access all Beacon Equity investment articles for free at BeaconEquity.com
In the article the author writes:
“Fort Lee, N.J.-based On Track Innovations Ltd. (Nasdaq: OTIV), a designer, developer and marketer of secure contactless microprocessor-based smart card technology, recently posted its fiscal 2009 first-quarter financial results. The company showed improvement from the same quarter last year, with revenue stable, but gross margin increasing to 46% from the equivalent quarter last year, while its net loss was nearly cut in half.”
On Track Innovations can cash in big from Homeland Security contracts, according to the author:
“On Track Innovations (OTI) is one of these companies that has moved into the Homeland Security (HS) industry, either by design, or circumstance. The HS industry will become one of biggest contrived government-made industries, outside the defense industry, since the space program and Great Society honey pits borne out of the early 60's. … The company offers a wide range of applications to private industry, most of which, I'm sure, are just splendid. But the big-contract-in-the-sky may come from U.S. taxpayer funded mad money directed by HS. Not that there's any inside information being offered here, but this smells of technology that HS claims it needs to ‘protect’ the nation from nefarious bad apples.”
To read the entire article visit http://www.beaconequity.com/m
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Source: BeaconEquity.com
Beacon Equity Research
Jeff Bishop, (469)-252-3505
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