Smallcaps.us provided their subscribers with an update regarding their three featured companies: Dynamotive Energy Systems Corporation (OTCBB: DYMTF), NetSol Technologies (NASDAQ: NTWK), and AML Communications (OTCBB: AMLJ)
Last Monday, AML Communications announced that its subsidiary Micra-Tech, Inc. received two orders from Tri-state Generation and Transmission, Inc. worth $816,000. The ordered products are a number of intelligent satellite communication systems for Supervisory Control And Data Acquisition (SCADA) of the electric power grid.
Dynamotive Energy Systems announced that it hosted a tour of its Guelph, Ontario BioOil plant with over 75 global biofuel experts attending. The plant has undergone testing and inspection processes by regulatory and technical authorities in readiness for continuous operation. Previous tests conducted demonstrated the capacity of the plant to operate at its nominal design capacity of 200 tonnes per day biomass input.
NetSol Technologies reached a new 52-week high of $2.95 after announcing excellent fourth quarter results. Consolidated revenues for the fourth quarter of fiscal year 2007 were $8.6 million, an 84% increase compared to the $4.7 million in revenues reported for the same period in fiscal year 2006. Consolidated gross profit for the fourth quarter was approximately $5.3 million, an increase of 234% as compared to the prior year. Gross margin for the fourth quarter of fiscal year 2007 was 62% compared to 34% in the prior year period.
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