Headquartered in Xi’an, SHAANXI, Luokung Technology Corp (LKCO) reports a market capitalization of $630 million, and sells shares at $2.013 a piece in the Nasdaq Capital Market.
Luokung Technology Corp. is a graphics data processing technology company, which engages in the provision of interactive location-based services. The company is headquartered in Xi’An, Shaanxi and currently employs 37 full-time employees. The firm is a developer and provider of mobile enterprise solutions.
Cash In Hand, And A Decent Gross Profit Ratio
Luokung Technology Corp does not report a significant amount of sales, which is not helpful. With that, money managers will appreciate LKCO’s gross profit ratio of 20%.
With an asset/liability ratio of more than 1x, LKCO’s balance sheet looks stable. Besides, LKCO’s debt to equity ratio is below 2x. Hence, shareholders will not fear financial risk. Notice that Luokung Technology Corp reports cash and cash equivalents of $3 million, and net debt of $30 million.
In Q1 LKCO reported quarterly sales of $3 million, and gross profit of $1 million. Besides, the company’s R&D expenses were equal to $2.17 million, with selling and marketing expenses of $0.47 million.
I feel that the company’s performance is favourable.
Disclosure: We Don’t own Shares
We use artificial technology for stock picking, for more information sign up below: