China Tracker - Details for Orsus Xelent Technologies (ORSX)

 Orsus Xelent Technologies
Shares Outstanding (MRQ): 2.52 mill
New Shares / Dilution (TTM): 0.04 mill1.68%
New Shares / Dilution (since Dec 31, 2008): 0.04 mill1.68% 
Cash (MRQ): 0.00 mill3.06%
Account Receivables (MRQ): 94.13 mill71,998.70%
Account Receivables (Q/Q): + 34.08 mill56.75%
Long-Term Debt (MRQ): NO DEBT
Revenue Growth (Q/Q): -11.77% 
Revenue Growth (Y/Y): -48.44%
Net Income Growth (Q/Q): N/A (BACK TO PROFITABILITY) 
Net Income Growth (Y/Y): -98.35%
EPS Growth (Y/Y): -98.38%
Net Margin (Q/Q): 0.2% (-286.7%)287.00% 
Net Margin (Y/Y): 0.2% (7.2%)-7.00% 
EPS | P/E (2 MRQ Projection): -$10.08-0.01
CFPS | P/CF (2 MRQ Projection): -$0.00-16.34
Price/Sales (2 MRQ Projection): 0.01
Price/Book (MRQ): 0.00
Auditor: Kabani & Company 
 Basic Facts and History (show more)
Reporting Type: U.S. Company (10-K Filings) 
Going Public: Reverse Merger on 2005-03-31 
Uplisting to Senior Exchange: on 2007-05-10 at $5.00 (-98.97% since Uplisting)

 Business Outlook

COVERAGE TERMINATED (Going Dark)
Recent Chain of Events:
2011-11-15 -- Last SEC Filing
2011-10-21 -- Delisting from NYSE Amex
2011-08-22 -- Last Quarterly/Annual Report: Q2/FY2011 ended June 30, 2011

(Source: Trading China, 2012-09-30)

As our accounts receivable have continued to grow, our major problem is our weak cash flow which has resulted in a serious going concern issue. Our working capital is not sufficient to support the operation of the Company and raises doubt about our ability to continue as a going concern. Recoverability of a major portion of our assets amounts is dependent upon the continued operation of the Company which, in turn, is dependent on the Company's ability to raise additional capital and secure financing. As such, we continue to explore, among other things, a strategic merger possibility and an offering and sale of equity. In the latter regard, on August 12th we filed a shelf registration statement with the Securities and Exchange Commission, which, if approved, would give us flexibility with respect to the possible sale of a variety of corporate equity and debt securities with an aggregate price of $6 million.

The Company is continuing to follow procedures with respect to remaining listed on the NYSE Amex, but can provide no assurance that it will be successful.

(Source: Marketwire, 2011-08-22)

We are pressing ahead with our previously described plans for a strategic merger and/or a capital raise and/or a loan to resolve our cash flow problem. We believe we have made progress in this regard, but have not yet succeeded and cannot predict the final outcome of our various discussions. It is only with success in securing additional cash that we will be able to move forward with plans to strengthen operations. These plans include a focus on product sales in developing regions such as Africa and the introduction of new products that conform to consumer demand and the needs of China's telecom operators.

"While we are in a difficult struggle, we remain confident of a positive outcome and will keep shareholders informed of progress we may achieve."

(Source: Marketwire, 2011-05-23)

    see all Business Outlook notes
ORSX
Retail/Consumer
SCORE
-5
UNDER REVIEW
READ: Score Cards Explained
SAFETY/RISK SCORE
EXTREME RISK
DETAILS: Safety/Risk Model for ORSX
Current Price:  $0.05
F10k Day (2005-04-19): -99.84%$31.80
2009 Close: -91.07%$0.58
2010 Close: -97.46%$2.04
2011 Close: -81.49%$0.28
High (2012-03-07): -85.19%$0.35
Low (2012-07-12): 29.62%$0.04
Exchange: PNK
Market Capitalization: 0.13 mill
Total Shares: 2.52 mill
Float: n/a
Avg Volume: n/a
Last Quarter: 2011-03-31
Revenue (MRQ): 3.91 mill
Net Income (MRQ): 0.01 mill
Op. Cash Flow (MRQ): -0.00 mill
all financial data provided without warranty