Company Information

  

Address: 8493 BAYMEADOWS WAY  
City: JACKSONVILLE 
State: FL 
Zip Code: 32256 
Telephone: 904-737-1367 

Description of Business

Primary SIC Code: 3663
(As filed with the SEC)  

We were incorporated under the laws of the state of Florida on August 22, 1989. We are in the business of innovating fundamental wireless hardware and software technologies and products. We have designed and developed a consumer distributed WiFi product line that is being marketed under the brand name Milo┬«. We also design and develop proprietary radio frequency ("RF") technologies for use in wireless communication products. We have expended significant financial and other resources to research and develop our RF technologies and to obtain patent protection for those technologies in the United States ("U.S.") and certain foreign jurisdictions. We believe certain patents protecting our proprietary technologies have been broadly infringed by others and therefore our business plan includes enforcement of our intellectual property rights through patent infringement litigation and licensing efforts.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
03/2018-0.93NAN/E
12/2017-1.06NAN/E
09/2017-1.19NAN/E
06/2017-1.11NAN/E
03/2017-1.63NAN/E
12/2016-1.76NAN/E
09/2016-1.67NAN/E
06/2016-1.82NAN/E

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2017 Leverage 2017
Net Inc/Comm Equity-0.05Total Liab/Total Assets2.26
Net Inc/Total Assets-2.16Total Liab/Inv Cap4.07
Net Inc/Inv Cap-3.89Total Liab/Comm Equity0.06
Pretax Inc/Net Sales-192.59Interest Coverage Ratio-278.12
Net Inc/Net Sales-192.59Curr Debt/Equity-0.03
Cash Flow/Net Sales-140.60LTD/Equity-0.05
SG&A/NetSales140.61Total Debt/Equity-0.07
Asset Utilization   Liquidity  
Net Receivables Turnover7.14Quick Ratio0.66
Inventory Turnover0.33Current Ratio0.94
Inventory Day Sales0.00Net Rec/Curr Assets0.01
Net Sales/Work Cap-0.46Inv/Curr Assets0.30
Net Sales/PP&E0.27  

Income Statement (Millions)

  3/31/2018 12/31/2017 9/30/2017 6/30/2017
Total Revenues(Net Sales) 0.08 0.10 0.00 0.00
Cost of Goods Sold 0.05 0.20 0.00 0.00
Selling & Admin Exps 2.98 4.58 3.42 2.70
Operating Income -3.83 -5.49 -4.33 -3.72
Interest Exp 0.02 0.02 0.02 0.02
Pretax Income -4.29 -6.34 -4.38 -3.73
Other Income -0.45 -0.84 -0.03 0.01
Net Income Bef Extraordinary ... NA NA NA NA
Net Income -4.29 -6.34 -4.38 -3.73

Balance Sheet (Millions)

Assets 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Cash & Short Term Investments 0.28 1.38 0.54 2.89
Receivables - Total 0.01 0.03 NA NA
Inventories - Total 1.22 1.03 1.13 0.30
Total Current Assets 2.32 3.44 2.91 4.91
Net Property, Plant & Equipment 0.34 0.38 0.40 0.29
Total Assets 7.48 8.91 8.69 10.84
Liabilities        
Accounts Payable 3.13 3.33 1.97 1.31
Debt in Current Liabilities 0.40 0.29 0.83 0.83
Total Current Liabilities 3.56 3.66 2.83 2.17
Long-Term Debt 0.43 0.53 0.00 0.00
Total Liabilities 20.40 20.15 16.93 16.19
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock NA NA NA NA
Common Stock 0.24 0.21 0.19 0.18
Retained Earnings -375.71 -371.42 -365.08 -360.70
Treasury Stock NA NA NA NA
Total Stockholders' Equity -12.92 -11.24 -8.25 -5.35
Total Liabilities and Stockholders' Equity 7.48 8.91 8.69 10.84

Cash Flow Summary (Millions)

Categories 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Net Cash Provided by Operating Activities -3.35 -3.01 -3.17 -3.79
Net Cash Provided by Investing Activities 0.02 0.04 1.77 2.74
Net Cash Provided by Financing Activities 2.25 3.89 0.99 -0.03

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/20130.00-27.87--
12/20140.00-23.57--
12/20150.01-17.08-17.40
12/20164.06-21.51-1.76
12/20170.10-19.26-1.06
Growth RatesInfinity----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional06/30/18382,3049.54




Report Date : 7/9/2018

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