Several companies on the OTC markets have disclosed quarterly and annual operations reports over the past few sessions. These can often shine light into near-term operations, and allow investors the opportunity to get ahead. The following companies have all released important statements investors should monitor.
Bemax Inc. (OTC PINK:BMXC), a growing global distributor of household products, announced revenue estimates last week. This company is particularly interesting because it is in the recession-proof Consumer Staples sector. BMXC’s projects its full year 2022 sales to be between $1.6million to $2.5 million with estimated net profit margin in the range of $480,000 to $1 million.
Its FY 2023 sales in turn are projected to be in the range of $2.1million to $3.5million. This would represent a projected growth rate of over 50% compared to year ended May 31, 2022.
These numbers are impressive for a few reasons:
- The Household Products Industry is trading close to its 3-year average PS ratio of 4x. BMXC trading at this ratio based on its 2022 revenue outlook would be $0.043.
- Currently trading near $0.015 there is a potential 186% profit to be made if the company reaches the industry average PS ratio.
- Earnings for companies in the Household Products industry have grown 47% per year over the last three years.
- Revenues in the Household Products industry have grown 6.7% per year, BMXC’s 50% projected revenue growth well above the industry average.
Bemax’s Mother’s Touch line of diapers is available at Walmart and Amazon. The global baby diapers market size valued at $52.6 billion in 2019, and is projected to reach $68.3 billion by 2027, registering a CAGR of 5.0% from 2021 to 2027. BMXC could be a nice diamond in the rough, investors should start research today.
Greenchek Technology Inc. (OTCMKTS: GCHK) released its annual report on Monday, the report covers the fiscal year ending February 28, 2022. GCHK operates two primary businesse segments: (1) Hydrogen energy for emission reduction. (2) Hydrogen energy based Cryptocurrency self mining.
GCHK reported positive growing cash flow heading into fiscal 2023. Cash on hand as of February 28, 2022 is $11,030. The company anticipates that overhead costs will increase in the near term as we continue to implement our operating strategy. Cash flows used by investing in new cryptocurrency mining equipment were $42,052 for the year ended February 28, 2022 as compared with $0 for the year ended February 28, 2021. Cash flows provided by financing activities accounted for $104,265 for the year ended February 28, 2022 compared to financing activities of $71,126 for the year ended February 28, 2021.
Cohiba Minerals Limited (OTCMKTS: CHKMF) (ASX: CHX) a dually listed mineral exploration company filed its quarterly report for the period ending March 2022. A few highlights from the report include:
- Assay results announced for drill hole HWDD05 at Horse Well, as well as the wedged hole HWD05W1
- Pernatty C drill hole PSDDH002 was completed on 1 March 2022 for a total hole length of 998.8m with logging yielding encouraging signs relevant to our IOCG targeting
- The Heritage Survey Report for the Horse Well drilling campaign was completed
- The first drill hole (CHK22WCE01) at Warriner Creek East was completed to a depth of 658.6m, targeting a Carrapateena style IOCG deposit.
- IOCG experts continued with a major investigation of the drill core from Horse Well comprising detailed logging and petrological studies.
- Strong cash balance of ~$2.7m at 31 March 2022 to fund drilling campaigns at Horse Well and Warriner Creek.
- All tenements (SA, WA and Qld) were maintained in good standing
Osceola Gold, Inc. (OTCMKTS: OSCI) released its quarterly disclosure for the period ending March 31, 2022. Operating expenses increased from the previous quarter $7,534 from $6,953. Osceola Gold develops its projects in the State of Nevada with the corporate office in Weirton, VA. Osceola Gold has rights to mining claims in the Osceola Mining district in Mary Ann Canyon, which is situated about 30 miles north of Ely, Nevada. The company announced last month it has “advanced into full operational status.”
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