Closing in the last session at just .0053-cents per share, TUCN is already on the move upwards once again. With a market capitalization of just 1.2M, compared to nearly 1.3M in single year 2012 revenue alone, TUCN could prove to be extremely undervalued at current levels.
Revenues continue to increase with TUCN reporting revenue of more than 396K for the quarter ended March 31, 2013, representing an increase of 71 percent over the same quarter in 2012. Now in a recent 10-Q filing, TUCN reported more than 800K or a 58 percent increase in revenue for the first six months of 2013 over the same period the previous year.
With an extremely low float, strong revenues, and a continued positive outlook through the end of the year, TUCN could prove to be extremely undervalued at current levels and may very well be on the verge of a major run.
In addition, strong technical postures supporting bullish trends developing in the near term and TUCN currently holds a "buy-recommendation" from Barchart.
As always, please do your own research this evening, and keep an eye on TUCN throughout the week.