adeGazy
08-26-2016,
This is a thinly traded stock, but I like it for the dividend potential and volume could increase as sales increase. Due to sales increasing and the US/CDN exchange, I believe this will be the least expensive yearly dividend paying stock on the market. In prior years, IPD paid dividends with the exception of 2014 due to the Russian sanctions and loss of sales in the Ukraine. Today, IPD has 19 products in 61 countries through it's subsidiary (Lenspen)
IPD Q3 Results Ending April 30th 2015
Price: $0.10c
Common Shares: 15,617,670
Insider Holdings: 8.64 million (45%)
Website: LENSPEN - The Superior Camera Lens Cleaning System (http://www.lenspen.com/)
ASSETS
Cash: $96,614
Accounts Receivable: $230,970
Inventory: $215,954
Prepaid Expenses: $13,864
Short Term Investments: $263,168
Property & Equipment: $570,452
Licensing Rights: $108,817
Total Assets: $1,499,839 (Down from $1,884,071 last quarter)
LIABILITIES
Accounts Payables: $228,024
Customer Deposits: $22,594
Total Liabilities: $250,618 (Down from $369,138 last quarter)
9 Month Sales Revenue: $3,068,004
Gross Profit: $1,280,260
Net Earnings: $107,494
IPD MD&A Highlights
Parkside Optical manufactures and distributes to wholesale distributors the following optical lens cleaning devices: LensPen, PEEPS, DigiKlear, Mini-Pro, Mini-Pro II, MicroPro, CellKlear, MobileKlear, FilterKlear, Vidimax, Laptop Pro, Panamatic, SensorKlear, SensorKlear Loupe, SmartKlear, ScreenKlean, screen cleaning kits, HunterPro Kits, Photo Kits, RangeKlear, DSLR Pro kits, and Microfiber cloth. Since the first shipment of LensPen in August 1993, the Company has expanded sales of these products to over 80 distributors in over 85 countries, and is continuously seeking to add new distributors and items to its range of cleaning devices.
The Company experienced a decrease in revenue - $3,068,004 during the period ($3,636,258 for 2014). This translates into a revenue decrease of $568,254. The Company sells its products globally in U.S. dollars but reports in Canadian dollars, causing distortions in period to period comparisons.
During the period Asian customers were hit by a decline in the SLR camera market, as were customers in Russia and Ukraine. Additionally, disruptions due to war, economic problems and currency decline against the USD have negatively impacted Russian and Ukrainian customers’ ability to purchase the Company’s products and sell them through in their retail markets. Revenues from Russia have decreased by 85% since fiscal 2013 and revenues from the Ukraine are down 80%. Markets in Japan, Germany and the UK however are up between 10 and 25% and Management remains optimistic in these areas. The Company’s Board of Directors responded to the negative events in the important Russia and Ukraine markets by directing management to begin cost cutting measures.
IPD Q3 Results Ending April 30th 2015
Price: $0.10c
Common Shares: 15,617,670
Insider Holdings: 8.64 million (45%)
Website: LENSPEN - The Superior Camera Lens Cleaning System (http://www.lenspen.com/)
ASSETS
Cash: $96,614
Accounts Receivable: $230,970
Inventory: $215,954
Prepaid Expenses: $13,864
Short Term Investments: $263,168
Property & Equipment: $570,452
Licensing Rights: $108,817
Total Assets: $1,499,839 (Down from $1,884,071 last quarter)
LIABILITIES
Accounts Payables: $228,024
Customer Deposits: $22,594
Total Liabilities: $250,618 (Down from $369,138 last quarter)
9 Month Sales Revenue: $3,068,004
Gross Profit: $1,280,260
Net Earnings: $107,494
IPD MD&A Highlights
Parkside Optical manufactures and distributes to wholesale distributors the following optical lens cleaning devices: LensPen, PEEPS, DigiKlear, Mini-Pro, Mini-Pro II, MicroPro, CellKlear, MobileKlear, FilterKlear, Vidimax, Laptop Pro, Panamatic, SensorKlear, SensorKlear Loupe, SmartKlear, ScreenKlean, screen cleaning kits, HunterPro Kits, Photo Kits, RangeKlear, DSLR Pro kits, and Microfiber cloth. Since the first shipment of LensPen in August 1993, the Company has expanded sales of these products to over 80 distributors in over 85 countries, and is continuously seeking to add new distributors and items to its range of cleaning devices.
The Company experienced a decrease in revenue - $3,068,004 during the period ($3,636,258 for 2014). This translates into a revenue decrease of $568,254. The Company sells its products globally in U.S. dollars but reports in Canadian dollars, causing distortions in period to period comparisons.
During the period Asian customers were hit by a decline in the SLR camera market, as were customers in Russia and Ukraine. Additionally, disruptions due to war, economic problems and currency decline against the USD have negatively impacted Russian and Ukrainian customers’ ability to purchase the Company’s products and sell them through in their retail markets. Revenues from Russia have decreased by 85% since fiscal 2013 and revenues from the Ukraine are down 80%. Markets in Japan, Germany and the UK however are up between 10 and 25% and Management remains optimistic in these areas. The Company’s Board of Directors responded to the negative events in the important Russia and Ukraine markets by directing management to begin cost cutting measures.