Today, Taglich Brothers, Inc. announced that it has initiated coverage of Patriot Scientific Corp. Taglich Brothers is known for focusing exclusively on microcap companies. The full-service broker dealer currently offers institutional and retail brokerage services, investment banking and comprehensive research coverage to the investment community.
In the 36-page report, Taglich Brothers stated, â€œWe are initiating coverage on Patriot Scientific Corporation (OTC BB: PTSC) with a Speculative Buy rating and a twelve-month price target of $0.25 per share based on our expectations for operating revenues and earnings of affiliated companies and a relative analysis. Our rating is based on the potential growth opportunities of the Companyâ€™s secure data sharing services and products.
Based on results for the first nine months of fiscal 2009, we estimate fiscal 2009 total revenue of $6.069 million, an EBITDA loss of $4.654 million, equity in earnings of affiliated companies of approximately $7.047 million, and net income of $0.538 million or $0.00 per share. Based on the growth potential of PTSCâ€™s secure data exchange technology, we estimate fiscal 2010 total revenue of $5.400 million, an EBITDA loss of $4.260 million, equity in earnings of affiliated companies of $5.4 million, and net loss of $0.270 million or ($0.00) per share.â€
To view the complete report, click the following link: http://www.taglichbrothers.com/equityuniverse/companies/patriotsci/patriotsci-04292009.pdf
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