Alphatrade.com (OTCBB: APTD) share prices have been gaining momentum in recent weeks, opening Tuesday more than 60 percent above Monday’s closing price. The Company, which specializes in internet marketing and financial tools, has been featured prominently in several penny stock newsletters and is hoping for a major breakout.
In a recent press release, the Company recognized its current, cash flow positive position, stating Alphatrade.com is preparing to report “a positive 2nd Quarter cash flow subsequent to positive 1st Quarter cash flow reported earlier this year.”
Alphatrade Chief Executive Officer Gordon Muir said in a statement: “Our growth can be described as proficient, we offer cost effective solutions to both corporate and retail users. In addition, it is our goal in these tough economic times, to offer dollar-for-dollar the best product in the market.”
Alphatrade’s revenues for the three months ended March 31, 2010 were $892,395, 49 percent lower than the $1,751,146 in revenue the company reported for the same period in 2009. The sharp drop was largely due to a 74 percent decline in advertising revenue, which shrunk to $263,001 in the quarter from $1,045,846 in the same period a year ago.
Despite the drop in revenue, Alphatrade managed to swing to a profit of of $62,692 for the three months ended March 31, 2010 compared to a loss of $310,179 for the three months ended March 31, 2009. The company also saw a 69 percent increase in revenue from sales of its E-Trax tool and web site development programs. Revenue from these products was $88,496 during the quarter ended March 31, 2010 compared to $52,442 for the same period in 2009.
AlphaTrade was incorporated in 1998 and currently has 16 employees committed to sales, marketing, customer service, programming, coding and general administration.
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