Mar

17

Still Interested in Investing in Homeland Security?

Filed Under Security Systems & Services 

Markland Technologies, Inc. (Symbol: MRKLE) is a company that offers solutions in chemical detectors, advanced technologies, border security, and sensing technologies in the homeland security market. Their clientele ranges from U.S. Army, U.S. Navy to other U.S. intelligence agencies.

Here’s their one year historical chart:

Yup, I know…They once hit as high as $4.30 – $4.40/share then abruptly dropped to $1 – $2/share. It wasn’t really clear why the stock dropped considering the US increased their army spending budget around the same time when the price dropped.

Recently I checked their press releases on their site, and well looks like this company has gotten several big contracts in February 2005:

1. Markland Awarded Additional $2.8 Million in New Orders from U.S. Army under Multi-Year Contract.
Markland Technologies, Inc. (OTCBB: MRKL – News; http://www.marklandtech.com), a defense and homeland security company transforming advanced laboratory technology into real-world products, announced today that the U.S. Army’s Night Vision and Electronic Sensors Directorate (NVESD) has awarded the Company new orders for technology products and services totaling $2.8 million. Robert Tarini, Chairman and CEO of Markland, made the announcement…
http://www.marklandtech.com/news/021405_multiyear2.html

2. Markland Awarded $4.2 Million in New Orders from U.S. Army under Multi-Year Contract.
The $4.2 million in new orders come under a five-year omnibus contract. The sales revenues derived from these new orders will be realized over a 12-month performance period. This will bring the total dollars awarded to EOIR Technologies Inc., a wholly-owned subsidiary of Markland, on this NVESD Omnibus contract since July 1, 2004, to approximately $41.1 million…
http://www.marklandtech.com/news/021005_multiyear.html

3. Markland Awarded $9.2 Million in New Orders from U.S. Army Under Multi-Year Contract.
Markland Technologies, Inc. (OTCBB: MRKL – News; http://www.marklandtech.com), a defense and homeland security company transforming advanced laboratory technology into real-world products, announced today that the U.S. Army’s Night Vision and Electronic Sensors Directorate (NVESD) has awarded the Company new orders for technology products and services totaling $9.2 million…
http://www.marklandtech.com/news/020305_multiyear.html

They also announced an increase in second quarter revenues. Here’s the overview:

“Revenues for the quarter were $17,044,677 a significant increase over revenues for the corresponding period in 2003 of $3,256,771. Revenues for the six months ended December 31 2004 and 2003 were $32,814,528 and $3,563,495 respectively. This increase is due almost entirely to the acquisition of EOIR Technologies Inc. Net cash provided by operating activities for the six months ended December 31, 2004 was a positive $194,896, also a significant increase over the corresponding period in 2003 in which the company experienced negative net operating cash flow of $884,314. The operating loss for the quarter amounted to $4,412,710. This loss resulted primarily from non-cash charges for the compensatory element of stock issuances, losses on disposals of equipment and amortization of intangible assets resulting from our recent acquisitions. These non-cash charges amounted to $2,905,823 for the three months ended December 31, 2004.”

So…What do you think? Still interested in investing in this company?

Quote of the Day:
An investor should act as though he had a lifetime decision card with just twenty punches on it. With every investment decision his card is punched, and he has one fewer available for the rest of his life. – Warren Buffett

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2 Responses to “Still Interested in Investing in Homeland Security?”

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