Are you following the stock performance of Bravatek Solutions Inc. (OTCMKTS:BVTK)?Our readers will remember well that the stock price has gone from $0.001 to touch the $0.006 share price level since we started covering this company. As noted in our previous articles, agreements with other organizations and the innovative technology developed have been the main reasons to sustain the share price increase. Additionally, we noted that the market failed to factor in how this new deals will contribute to the future revenue growth.Have a look at the following stock chart if you have not done it before: 1 year chart for BVTKWhat's new?In October, new announcements were received by the market. The company entered into a strategic alliance agreement with DarkPulse Technology Holdings, Inc. and received a purchase order from this company too. Additionally, a Letter of Intent was signed with CrucialTrak, Inc., a Texas corporation. Furthermore, a new quarterly earnings report was received by the market. Some of these announcements had an impact on the share price, thus we will assess them in this new update.But, before we provide more information, let's provide some company background. BVTK provides high technology security solutions to governments and individuals for protecting their organizations against errors along with physical and cyber attacks.[embed]https://player.vimeo.com/video/70643689[/embed]Source: Company WebsiteRecent DevelopmentsOn October 10, 2017, BVTK entered into a Letter of Intent with CrucialTrak, Inc., a Texas corporation. This company seems to be developing a great technology as well:
"Providing identification technology that delivers improved security with effective use of servers and workstations for the purpose of identifying those entering a building, office or other secured space" Source
According to the information given to the market, 65% of the the joint venture will be owned by CrucialTrak and BVTK will own the rest. Additionally, BVTK will provide "a line of credit for up to $5,000,000, repayable with annual interest not exceeding 8%,"We appreciate the terms, which, we believe, will benefit BVTK, which will own shares and also the debt of the new organization. The market seemed to react to the information, but the reaction was not significant. We believe that a bigger reaction can be expected when the company signs a definitive agreement.Furthermore, on October 11, 2017, the company highlighted a Purchase Order with DarkPulse Technology Holdings, Inc. This is a NY-based company "manufacturing hardware and software based on its Brillouin Optical Time Domain Analysis technology." Working principle of fiber optic BOTDA technologyAccording to the press release, the company will receive 20% commission for DarkPulse’s project to monitor the structural health of a third party’s critical infrastructure and key resources.Additionally, on October 12, 2017, the company highlighted a Joint Venture agreement with DarkPulse Technology Holdings, Inc. ("DPT"). We knew that the two companies were creating a Marketing Alliance Program, which was announced in September. So, it seems that the two companies decided now to expand their relationship. We appreciate the news. The most significant factor is the financial figures that were noted in the press release:
"DPT’s project, if successful, should represent the first segment of a multi-year monitoring agreement totalling more than $106 million for DPT and using DPT’s patented distributed fiber-optic sensing technology." Source
Regarding this agreement, on October 19, 2017, the company noted that it had entered into an Addendum (the “Addendum”) to the Strategic Alliance Agreement with DarkPulse Technology Holdings, Inc.
"Bravatek shall receive 20% of project revenue for DarkPulse’s “Five Deployments Eurasian Mining Project,” and 10% of project revenue for two additional DarkPulse agency agreements" Source
Financials and ConclusionCurrently trading with a market cap of $35 million, BVTK continues to seduce the market with new agreements. According to the last quarterly release, the company showed $0.2 million in assets and $7.9 million in liabilities. Thus, we believe that new capital will be needed soon. In our opinion, raising new capital should not be a problem. Regarding the financial results of the quarter, no revenues were reported, but we need to highlight that the company is not in a pre-revenue stage. In the last annual report, $0.2 million in revenues were reported. We encourage readers to study closely the results, as we believe that this is what will drive the share price dynamics in the near future.To sum up, as expected, the company continues to release new agreements with other companies developing promising technologies. The expected revenues from these agreements will have a dramatic effect on the top and bottom line, thus be alert as news hits the tape.Get the full story: Check out our coverage on BVTK!We will be updating our subscribers as soon as we know more. For the latest updates on BVTK, sign up below!Image courtesy of Dimitris Kalogeropoylos via FlickrDisclosure: We have no position in BVTK and have not been compensated for this article.
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