Last Post Of The Day (LPOTD)
When it comes to the question of revenue and 'where are the revenues' for Spectra Science (SCIE for short), the answer is simple. Why ask? In reality, an individual only invests if there is already realized revenue and/or the potential for revenue. So, asking 'Where is the revenue', means proper DD wasn't done, which ends up being a waste of time for them in the long run.
But, if I must get into the whole 'Where is the revenue' universe, I might as well start from the beginning (not the very beginning, but you know what I mean).
First of all, SCIE already has revenue
1.
SpectraScience Completes Initial WavSTAT4 Installation and Training With PENTAX Europe
http://www.spectrascience.com/index.php/news/...ng-with-pe
Reading this shows that the WavSTAT4, the most up-to-date version of the WavSTAT (the one currently about to receive a new PMA), has already been installed at multiple customer sites .
Of course, to the nay-sayer, they want 'proof'. Well, read it again. There you go. Proof. Of course, if that's not proof enough, lets move on to #2..
2.
SpectraScience Reports Estimated Second Quarter Revenue of $310,000
http://www.spectrascience.com/index.php/news/...-of-310000
Note: Anyone else ever notice nay-says rarely post URLs, links, websites, data, information, and/or quotes? Funny, all all six can be found in this post.
Continuing onward..
http://www.spectrascience.com/index.php/news/...-of-310000
As you can see..
..a starting date of around 7/09/2012 indicates that this ' 5-year, 23-country distribution agreement' will end in mid 2017 .
Question is, why 2017?
Reason, because by that point sales will have be established and this agreement would more than likely turn into a year by year contract.
So why have sales / revenues stopped?
Because this is a medical product company which costs hundreds, no.. thousands.. no, millions of dollars, and in order to keep up with evolving technology, SCIE needs to now focus 100% of their energy on keeping their product state of the art. Hence... the new PMA we are waiting on.
Could you imagine SCIE currently bringing in $10 million dollars in sales, only for 3M or some other competitor to invent something better? A number of SCIE's patents will be expiring in the next couple of years, which means they need to stay hyper-focused on improving their WavSTAT4 system to the point where its technology cant be surpassed for the next couple of years.
Ive always cringed when 'revenues' or 'lack of revenues' comes up in a conversation because there is much more than revenues in order to sustain a company. Sure, invent in Sunglass Master 5000 , a company which promises to revolutionize the sunglass industry. Sure, investors will rush to invest in it because its the 'newest and greatest thing'. But ultimately, the Sunglass Master 5000 company is doomed to fail; regardless of the millions it made. Why? Because the product holds no merit. Theres no purpose for the Sunglass Master 5000.
And so, the people behind the WavSTAT4 are currently, and have been for several years, been giving the technology 'purpose'.
Revenue is not found at the finish line of any race to build a company. Success is. And with success comes revenue. It never has been, and never will be, the other way around because revenue does not guarantee success.
Final Thoughts
Countless people get caught up in the moment of investing. They want results 'now'. In reality, when reading a PR such as
..the year 2012 was only 4 years ago. Has anyone reading this post ever created a medical device in 4 years? Yet alone 40 years? Nope. That's how slow the process is. SCIE has stringent guidelines to meet in order to stay afloat. Safety, cleanliness in their facility, proper paper work. When it comes to the medical field, 2012 was just yesterday. That's why I find it funny when nay-sayers say things such as, "YA BUT THAT WAS 4 YEARS AGO!". Well, when you can create your own FDA approved medical device in 4 years or less, let us know, and i'll say, "Oh wow.. nice".
When it comes to the question of revenue and 'where are the revenues' for Spectra Science (SCIE for short), the answer is simple. Why ask? In reality, an individual only invests if there is already realized revenue and/or the potential for revenue. So, asking 'Where is the revenue', means proper DD wasn't done, which ends up being a waste of time for them in the long run.
But, if I must get into the whole 'Where is the revenue' universe, I might as well start from the beginning (not the very beginning, but you know what I mean).
First of all, SCIE already has revenue
1.
SpectraScience Completes Initial WavSTAT4 Installation and Training With PENTAX Europe
Quote:SAN DIEGO, CA--(Marketwire -09/05/12)- SpectraScience, Inc. (SCIE), a San Diego-based medical device company, today announced it has successfully completed installation and training for the WavSTAT4 Optical Biopsy System with PENTAX Europe at multiple customer sites, including the United Kingdom (London), France (Paris and Nantes), The Netherlands (Maastricht and Breda), and Germany (Erlangen).
http://www.spectrascience.com/index.php/news/...ng-with-pe
Reading this shows that the WavSTAT4, the most up-to-date version of the WavSTAT (the one currently about to receive a new PMA), has already been installed at multiple customer sites .
Of course, to the nay-sayer, they want 'proof'. Well, read it again. There you go. Proof. Of course, if that's not proof enough, lets move on to #2..
2.
SpectraScience Reports Estimated Second Quarter Revenue of $310,000
Quote:SAN DIEGO, July 9, 2012 (MARKETWIRE) – SpectraScience, Inc. (OTCQB: SCIE), a San Diego-based medical device company, today announced that it expects revenue of approximately $310,000 for the second quarter ended June 30, 2012. The Company also stated that is expects operating expenses in the quarter to be consistent with recent prior quarters.
http://www.spectrascience.com/index.php/news/...-of-310000
Note: Anyone else ever notice nay-says rarely post URLs, links, websites, data, information, and/or quotes? Funny, all all six can be found in this post.
Continuing onward..
Quote:and beginning training programs and business development activities with PENTAX as part of the 5-year, 23-country distribution agreement signed last month.”
http://www.spectrascience.com/index.php/news/...-of-310000
As you can see..
Quote:as part of the 5-year, 23-country distribution agreement signed last month
..a starting date of around 7/09/2012 indicates that this ' 5-year, 23-country distribution agreement' will end in mid 2017 .
Question is, why 2017?
Reason, because by that point sales will have be established and this agreement would more than likely turn into a year by year contract.
So why have sales / revenues stopped?
Because this is a medical product company which costs hundreds, no.. thousands.. no, millions of dollars, and in order to keep up with evolving technology, SCIE needs to now focus 100% of their energy on keeping their product state of the art. Hence... the new PMA we are waiting on.
Could you imagine SCIE currently bringing in $10 million dollars in sales, only for 3M or some other competitor to invent something better? A number of SCIE's patents will be expiring in the next couple of years, which means they need to stay hyper-focused on improving their WavSTAT4 system to the point where its technology cant be surpassed for the next couple of years.
Ive always cringed when 'revenues' or 'lack of revenues' comes up in a conversation because there is much more than revenues in order to sustain a company. Sure, invent in Sunglass Master 5000 , a company which promises to revolutionize the sunglass industry. Sure, investors will rush to invest in it because its the 'newest and greatest thing'. But ultimately, the Sunglass Master 5000 company is doomed to fail; regardless of the millions it made. Why? Because the product holds no merit. Theres no purpose for the Sunglass Master 5000.
And so, the people behind the WavSTAT4 are currently, and have been for several years, been giving the technology 'purpose'.
Revenue is not found at the finish line of any race to build a company. Success is. And with success comes revenue. It never has been, and never will be, the other way around because revenue does not guarantee success.
Final Thoughts
Countless people get caught up in the moment of investing. They want results 'now'. In reality, when reading a PR such as
Quote:SAN DIEGO, CA--(Marketwire -09/05/12)...
..the year 2012 was only 4 years ago. Has anyone reading this post ever created a medical device in 4 years? Yet alone 40 years? Nope. That's how slow the process is. SCIE has stringent guidelines to meet in order to stay afloat. Safety, cleanliness in their facility, proper paper work. When it comes to the medical field, 2012 was just yesterday. That's why I find it funny when nay-sayers say things such as, "YA BUT THAT WAS 4 YEARS AGO!". Well, when you can create your own FDA approved medical device in 4 years or less, let us know, and i'll say, "Oh wow.. nice".
2
SpectraSCIENCE Inc. (SCIE) Stock Research Links
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There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
http://investorshangout.com/Joeys-Investment-Board-91611/
Invite Only
There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
Disclaimer:
As used herein, the terms "You" and "Your" shall mean you, individually, the reader, and each other party on whose behalf you may use the contained information at any time.
All references to "My", "I", and “The writer of the above post” shall refer to the creator of the username Joey68.
Do NOT invest unless you are prepared to sustain a total loss of the money you have invested plus any commission or other transaction charges.
There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. I assume no responsibility for your trading and investment results. You should NOT rely on the information in the above post to make any decision or take any action.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are OPINION and NOT fact and are for entertainment purposes only. Do your own research and make your own decisions based on your own conclusions.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are NOT advice, and are NOT designed to substitute the expertise and judgment of a professional. It is your responsibility to seek investment advice during all stages of your investments. It is your responsibility to evaluate the accuracy, completeness and usefulness of the information in the above post.
I am NOT a professional.
I do NOT work for you.
My posts are NOT investment advice. I am not paid to post.
There is no correlation between the number of posts I write per day and your assumed success of a company.
It is NOT my responsibility to inform you of my own personal investment decisions.
It is NOT my responsibility to inform you when it is time for you to buy, hold, and/or sell a position.
I have no control over, and am not responsible for the actions of others who copy, store, edit, change, prepare any derivative work of or alter in any way any of the content provided in my posts.
Errors and Omissions expected. The writer of the above post accepts no liability or responsibility for any errors or omissions contained in the above post or contained within this Disclaimer.
The writer of the above post shall NOT accept any liability for the accuracy or completeness of the information contained in the above post, for any reliance placed by any person on the information contained in the above post, or for any damage or loss, however caused, in connection with the use or reliance on any information contained in the above post.
The above post may contain links to websites owned and operated by third parties. These links are provided for informational purposes only and are NOT endorsed by the writer of the above post. The writer of the above post has no control over the contents of any linked website and bears no responsibility for the accuracy, legality, or content of the external site or for that of subsequent links.
YOU ACCESS ALL LINKS ENTIRELY AT YOUR OWN RISK.
The writer of the above post makes no warranties or representations, express or implied about such linked websites, the third parties they are owned and operated by, or the information contained on these websites.
The writer of the above post accepts no liability for any damage or loss, however caused, in connection with the use of or reliance on any information, material, products, or services contained on or accessed through any such linked websites.
There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
