Today’s Stock Alert Is: BlastGard International Inc. (BLGA)
As this is a morning profile let’s get right to it:
Let me introduce you to today’s profiled company BlastGard International Inc (BLGA)
– 2015 revenues reached $7.678 million
– 2015 gross profit was $2.942 million
– BlastGard has assets of $4,305,980 million (as of June 30, 2016)
– Last quarter numbers were up, posting revs of $701K
About BlastGard International
BlastGard International Inc., doing business as BlastGard Defense Group, manufactures and markets proprietary blast mitigation materials through BlastGard International and designs, manufactures and distributes a unique range of leading security products and personal protective gear through HighCom Security.
The Company’s patented BlastWrap® technology effectively mitigates blast effects and suppresses post-blast fires. This unique technology can be used to create new, finished products or be used to retrofit to existing products. BlastGard’s core market focus is on blast effects mitigation for the commercial sector, military, law enforcement and government agencies.
Key facts about HighCom:
Founded in February 1997
Owned and operated design and manufacturing company in USA
NIJ compliance/certifications; including dozens of NIJ 0101.04 (2005 IR), NIJ 0101,06, NIJ 0106.01,NIJ 0108.01, and 0115.01 solutions
$10,000,000 of product liability insurance coverage
ISO 9001:2008 certified organization and first company in the world BA 9000:20012 certified compliant
High Capacity output of more than 20,000 pieces of armor per month
DOD contracts and distribution of close to 1,000,000 pieces of ballistic armor over the past decade
Law Enforcement, Fire and Rescue, and Security contracts with hundreds of federal, state, and local agencies throughout the United States
GSA Contract currently in second five year cycle through 2015
For additional information about BlastGard please visit the following locations:
Although revs are down a bit through the first 6 months of 2016 it’s important to note two things:
1) The last reported quarter (ending June 30, 2016) BLGA showed an increase in revs from $693,023 in 2015 to $700,939 in 2016.
2) Much of the revenue generated by BlastGard in a stellar 2015 was in the December quarter, where they posted $3.216 million in revs.
After a significant green day BLGA closed yesterday at .0079, much closer to its 52-week low of .004 than its 52-week high of .0225.
If we see this bounce continue there could be room for a major move NORTH. So get started on researching BLGA right away!!!
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