Continuing to build on last week’s gains, the stock price of Implant Sciences Corporation (OTCMKTS:IMSC) jumped more than 21% to close the day at $0.740. The gains came at a share volume of 840,621 compared to average share volume of 330,703. IMSC market cap stands at $66.62 million.
The buzz
The stock of Implant Sciences changed a couple of months ago and after a long period of declining down the charts, the market finally saw the stock gain some altitude. IMSC stock has recorded some explosive sessions in which volumes increased considerably. There have been reasons for the strong performance that IMSC recorded lately.
Implant Sciences is performing moderately good when it comes to businesses. As per the financial report for the quarter closed on December 31, 2015, the company recorded cash of $776,000. The current assets came at $14.5 million while current liabilities amounted to $96 million. Implant Sciences reported revenue of $10.2 million while net loss came at $3.3 million.
The takeaways
The last released financial report indicates that Implant Sciences has recorded impressive revenues that have significantly increased Y-o-Y. However, the report also highlights that the firm has massive liabilities, owing more than $85 million to BAM Administrative Services LLC, DMRJ Group LLC and Montsant Partners LLC.
The company had managed to get an extension on the maturity dates of debt that were supposed to mature on March 31, 2016. It is vital to mention that the extension isn’t that big. And therefore the company can lend in trouble by the end of this year. As per the latest update, Implant Sciences had been awarded with the “DHS Small Business Achievement” Award for this year. This might give the stock with some more gains in coming trading sessions. In any case, investors should do due diligence and assess the risks before investing any money on the line.
