Zacks Small-Cap Research Updates Coverage on OxySure Systems (OTCQB: OXYS) - Video Research Alert on InvestmentPitch.com
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Vancouver, British Columbia - (Newsfile Corp. - May 1, 2014) (www.investorideas.com newswire) Zacks Small-Cap Research has updated coverage on OxySure Systems (OTCQB: OXYS). Following the release of the 4th quarter and full year results for the period ending December 31, 2013, analyst Jason Napodano has reiterated his target price of $1.50, a premium of 142% to the $0.62 price on April 16th, the day the report was issued.
InvestmentPitch.com has produced a "video research alert" about OxySure based on this report. If this link is not enabled, please visit www.InvestmentPitch.com and enter "OxySure" in the search box.
Revenues in the 4th quarter totaled $540,000, up 612% from the same period in 2012. Revenues far exceed expectations, as the anticipated dramatic slowdown in military orders during the fourth quarter of 2013 thanks to the government shutdown and sequester that occurred in November 2013, had little if any effect on revenues.
According to the Zacks' report, OxySure is doing some really neat stuff with the military, including working with the Navy on an emergency escape breathing device and with the SEAL team on providing oxygen for high-altitude jumps.
Analyst Jason Napodano stated, "OxySure is branching out beyond just first-aid devices like the Model 615, and we do not think investors have come to grips with the potential for smaller, more compact devices for battlefield use being developed right now by the company."
For those of you that are new to the OxySure story, the company has pioneered a safe and easy to use solution to produce medically pure oxygen from inert powders, eliminating the need for a pressurized gas tank.
The company's Model 615 has FDA 510k clearance for over the counter sale, giving the company a clear advantage over oxygen systems reliant on pressurized oxygen tanks, which require a prescription. Users simply plug in the mask, turn the knob, and place the mask over the nose and mouth. The Model 615 has quickly gained adoption amongst various school districts, military units, and institutional buyers, where early administration of medical oxygen in respiratory emergencies can often save a trip to the hospital. The Model 615 recently received CE Mark approval, a critical step toward launching this unique product into the 30 countries belonging to the European Economic Area.
Napodano further commented, "With an improved liquidity and less debt, we believe OxySure now has enough cash to fund operations into the third quarter 2014. By that time, we believe the company could be posting break-even operations."
The report further states that for 2015, OxySure could post revenues of $5 million.
The company currently trades at $0.78, and with 26 million shares outstanding, the company is capitalized at $20.3 million.
For more information about OxySure, please visit the company's website www.oxysure.com. Investor relations is handled by Stonegate Securities, which can be reached at 214-987-4121 or by email at firstname.lastname@example.org.
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