Bravatek Solutions Inc (OTCMKTS:BVTK) is a micro-cap stock that has started to garner attention as the stock bounces up the chart. The company’s most recent catalyst comes in the form of its announcement that it has retained a nationally known sales executive, Mr. Jim Brown as a Vice President of Sales to coordinate sales activity, and oversee the installation of its nationwide sales organization.
According to the release, “Mr. Brown is a prominent and qualified sales and marketing executive with over twenty years of sales experience with technology-based firms. Jim has an impressive track record of making things happen–including contributing large sales volumes while also leading the development of local and national sales efforts. Jim’s expertise in developing prominent sales processes, implementing effective client training strategies, and launching effective marketing initiatives should help Bravatek increase revenues while making sure clients get up and running, smoothly and efficiently. In addition to leading major corporate sales efforts, Mr. Brown has helped launch effective marketing communications programs and cloud-based software training programs for several Fortune 500 companies, including the Xerox Corporation, Comcast Business Services and United Airlines.”
Bravatek Solutions Inc (OTCMKTS:BVTK) trumpets itself as a hi-tech security solutions provider which assists corporate entities, governments, and individuals, in protecting their organizations against errors, as well as physical and cyberattacks.
According to company materials, “Bravatek Solutions, Inc. is a high technology security solutions portfolio provider that assists corporate entities, governments and individuals protect their organizations against both physical and cyber-attacks through its offering of the most technically-advanced, cost-effective and reliable software, tools and systems. Through innovation, we answer the market’s demand for new perspectives and fresh thinking for today’s security challenges.”
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If there is one paragraph in the company’s most recent press release that likely strikes at the heart of greed among OTC traders, it’s probably this one:
“Bravatek projects that its domestic sales organization will grow to over a hundred technology, software, telecom services and hardware representatives by the end of 2018. These reps will represent the “best of the best” in sales, service, training and installation. Bravatek’s goal is to create the most revered team ever assembled in the cyber security software industry. The model for future growth will be based on the same model that Jim helped launch on behalf of Comcast Business Services. When Jim started there, they were generating approximately $300,000 in revenue during Year 1, only to exceed $1 billion dollars of revenue by Year 6.”
With so much focus turning to cyber security in recent months – as highly credible threats of Russian interference in US and French elections hit the newswires right alongside reports of Chinese corporate espionage – it’s no wonder we have seen the cyber security stocks go into wild rips on the upside. BVTK has started to act the part of a newcomer to the space that may have at least enough chops to catch a serious sympathy bid. So far, we are seeing that in spades in recent action.
Traders will note 88% tacked on to share pricing for the stock in the past week. This is emblematic of the stock. BVTK is a stock who’s past is littered with sudden rips. Furthermore, the stock has seen interest climb, with an increase in recent trading volume of just under 270% beyond its prior sustained average level.
Traders should note this as important with a float in play that’s very limited — of 1.1M shares. One is wise to respect the dynamic this may create — a restricted trading float and a jump in trading volume can crimp supply and push share prices higher.
Now commanding a market cap of $7.7K, BVTK has virtually no cash on the books, which compares with about $1.5M in total current liabilities. BVTK is pulling in trailing 12-month revenues of $370K. In addition, the company is seeing recent top line growth, with sequential quarterly revenues growing at 91.2%. As more color becomes clear on the name, we will review the situation and update our take. For continuing coverage on shares of $BVTK stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!
