On 10th October’14, BrilliantPennyStocks.com initiated coverage on PTAH. The stock moved up by 50% since the coverage was initiated.
Transportation and management services provider PTA HOLDINGS IN (OTCMKTS:PTAH) last reported its financial and operational results for its second quarter operations ending 30th June in mid September. The highlight of the earnings report was steep fall in profits. The firm generated profits of $15,947 for the reporting quarter. This was well below the $57,767 profits the firm had reported during 2Q13.
In comparison to sequential 1Q14 revenue, the dip in 2Q14 revenue is even more acute. Total revenue was down by nearly half a million in comparison to previous quarter after the firm restructured its business operations. PTA HOLDINGS IN (OTCMKTS:PTAH) most profitable business operations under the business name of Nortford has been hived off as an independent fleet operator with H & N Logistics.
Banking On Acquisitions To Fuel Growth
In the absence of a firm revenue generating line of business, PTA HOLDINGS IN (OTCMKTS:PTAH) is attempting to expand into newer businesses by leveraging the $5 million revolving line of credit it had secured from TCA Global Master Credit in August this year. The firm had also attempted to increase its revenue stream by buying out Crane Creek Trucking for a purported $1.5 million. It anticipates future quarter revenues to be impacted positively to the tune of $1.5 million as a direct result of this transaction.
Future Growth Road Map
PTA HOLDINGS IN (OTCMKTS:PTAH) management team has also disclosed that they are in the midst of negotiations to complete buyout of another trucking firm which is based in Iowa. In the event of the deal going through, the company expects its revenue to expand by an additional $1.5 million. At that time, the management team had gone on record to state that the company would be filing its 3rd quarter operations report within the stipulated 45 day period post the completion of the quarter.
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