Sack Lunch Productions, Inc. (OTC Pink: SAKL) Reports $10 million in Sales – Ready to Double
July 25 2016 - 6:00AM
InvestorsHub NewsWire
Miami, FL -- July 25, 2016 --
InvestorsHub NewsWire -- EmergingGrowth.com, a leading
independent small cap media portal with an extensive history of
providing unparalleled content for the Emerging Growth markets and
companies, reports on Sack Lunch Productions, Inc. (OTC
Pink: SAKL).
SAKL May not be at
these levels much longer
View the Reports & Releases on SAKL on EmergingGrowth.com
here:
http://emerginggrowth.com/?s=SAKL
View the Reports & Releases on SAKL on EmergingGrowth.com
here:
http://emerginggrowth.com/?s=SAKL
Sack Lunch Productions, Inc. (OTC Pink: SAKL), total sales were
$10,015,813 across all subsidiaries, inclusive of corporate and
franchised events in North America for the six months ended June
30, 2016.
The company’s modest $12.1 million
market capitalization according to OTC markets implies a
price-sales multiple of just 1.3x, which is significantly lower
than the industry’s 2.0-2.4x average, according to Morningstar
data. If the company’s shares were to trade with a 2.0x ratio, it
would translate to a $21.4 million market capitalization that’s
nearly double its current valuation – and that would be on the low
end of the industry average range.
Looking at the company’s stock chart,
the pullback briefly touched lower trend line support at around
$0.045 before rebounding back above the 200-day moving average at
$0.071. The 200-day moving average forms a great support level,
while the RSI appears neutral at 51.07 and the MACD experienced a
bullish crossover. Investors might consider a smaller position in
the stock at these levels and average in as the rebound gains
traction.
Sack Lunch Productions has grown its
revenue from just under $5 million in FY 2014 to over $10.6 million
in FY 2015. This year, the company anticipates generating about $17
million in revenue by launching events in new U.S. cities and
around the world. Sack Lunch reported last week that the
first six months of FY 2016, ending June 30, produced total sales
of $10.015 million.
Over the coming quarters, the company
also plans to complete an audit and become more fully compliant
with regulators. These moves could open the door to a potential
up-listing and encourage more institutional investors to become
involved with the stock. In turn, this could reduce the high level
of volatility and potentially bring shares closer to their fair
value.
Sack Lunch Productions Inc. (OTC Pink:
SAKL)'s current event portfolio includes:
- Slide the
City – A
1,000-foot vinyl slide that’s placed in the center of a city to
create a fun and exciting block party event for the entire
family.
The Lantern
Fest – An
unforgettable nighttime party that’s lit up with thousands of
lanterns lit by participants and released into the sky.
Color Me
Rad – A 5K race
where participants are coated with liquids, powders, and gels of
blue, green, pink, purple, and yellow until they’re tie-dyed on
every side.
The
Dirty Dash – A
mud run obstacle course where a military boot camp meets an inner
five-year-old fantasy.
Trike
Riot – A race on
Razor tricycles that takes participants down city streets and
through obstacles to the finish line.
For more information, visit the
company’s website at www.sacklunchproductions.com.
Overall, Sack Lunch Productions, Inc.
(OTC Pink: SAKL) stands in a formidable position within the active
entertainment industry. The Company continues to expand its
presence and brand across North America and reach the 2017 earnings
forecasts, and the company could easy see its market
cap jump into the mid-teen
millions over the next year.
SAKL May not be at
these levels much longer
View the Reports & Releases on SAKL on EmergingGrowth.com
here:
http://emerginggrowth.com/?s=SAKL
About Sack Lunch Productions, Inc.:
Sack Lunch Productions, Inc. (OTC PINK: SAKL) is an entertainment
company that operates and franchises action oriented events in the
U.S. and internationally. SAKL's events include: Slide the City™
(1,000 foot long water slide for families and kids), Color Me Rad™
(5k color race), The Dirty Dash™ (mud and obstacle run), The
Lantern Fest™ (nighttime party with lantern lighting and launch)
and Trike Riot. Learn more about SAKL's operations at www.sacklunchproductions.com, www.slidethecity.com, www.thelanternfest.com, www.thedirtydash.com, www.colormerad.com, www.trikeriot.com and www.green-endeavors.com.
Other Emerging Growth
News
Ami James Brands,
Inc.
Emerging Growth began reporting on Ami
James Brands, Inc. (OTCQB: AJBI) on June first when the stock
jumped 10% on heavy volume after the company announced they had
signed a collaboration agreement with Yellow Cab Productions
Inc.
Since then, the shares have traded up
167%. We feel that SAKL could be on the verge of a similar
move. Here is a link to the original EmergingGrowth.com
article: http://emerginggrowth.com/ami-james-brands-inc-otcqb-ajbi-jumps-10-after-signing-collaboration-agreement-with-yellow-cab-productions-inc/
Implant Sciences
Corp.
Implant Sciences Corp. (OTCQB: IMSC)
develops, produces and sells safety, security and defense solutions
to global customer base. Shares are down 14% on heavier volume than
usual on Friday, July 22, 2016. Over the past three months, Implant
Sciences Corp. (OTCQB: IMSC) has reported average daily volume of
around 253,400 shares. However, within the first hour of trading
Friday, nearly 696,200 shares or dollar volume of around $202,594
had already exchanged hands.
The
stock is being impacted by the company’s recent announcement that
they had entered into an agreement to acquire Zapata Industries, a
manufacturer of hydro and jet power technologies and solutions. In
addition to the acquisition, management announced initiatives to
significantly reduce debt levels and seeking to list on the NASDAQ.
Here is the original article on EmergingGrowth.com: http://emerginggrowth.com/implant-sciences-corp-otcqb-imsc-drops-14-announcing-acquisition-updates/
Cocrystal Pharma,
Inc.
Cocrystal Pharma, Inc. (OTCQB: COCP),
lost 15% on Friday down to .46 per share after announcing that Dr.
Gary Wilcox will assume the role of interim Chief Executive Officer
effective July 22, 2016. The 8K on the event can be seen here:
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11499304
Dr. Wilcox previously served as the
Chief Executive Officer of Cocrystal from 2008 to 2015. Mr. Jeffrey
Meckler stepped down as Chief Executive Officer and from the Board
to pursue other interests. Dr. Wilcox will continue to serve as the
Vice Chairman of the Board of Directors of the company. In
addition, Dr. Douglas Mayers, the Chief Medical Officer at
Cocrystal, submitted his resignation effective immediately. Dr. Luz
Pascual, Vice President Clinical Development, shall continue to
oversee the ongoing clinical programs.
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Source:
RedChip.com - https://www.redchip.com/pages/sakl/
TheOTCInvestor.com - http://www.theotcinvestor.com/sack-lunch-sakl-represents-a-compelling-value-for-those-buying-the-dip/
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