Biomerica (BMRA) is a small developer of medical test equipment. They are working on FDA approval of their new product, InFoods, and describe it as a “multi billion dollar market opportunity.” With a market cap of $22M BMRA is in for big things if all goes as planned.
Tuesday, February 21, 2017
I first wrote about Electronic Control Security (EKCS) in Aug 2016: EKCS has big potential. Since then the company has produced 2016 financial statements, given me a quick 2017 projection, and announced a couple more contracts. EKCS now has a market cap of $400k with revenue set to more than double in 2017. My thesis is the same it was when I first wrote about EKCS, but they are further into a turnaround than I thought.
I've talked with the CEO by phone and email several times since my first blog post. The company is doing well and I'd like to give an update