Agoracom

I found this news from the internet. Looks good. What's the equity looking like?

The shares of Brightec, Inc. (BRTE) were shining in the market today, adding up $0.002 or 114.29% since its previous closing price. At the time of publishing this article the stock was trading at a price of $0.003 . Let's see, what could have fuelled such an increase?

Brightec had a revenue of $2,153 for the three month period ended September 30, 2007 compared to $294 for the comparable three month periods of 2006. The difference is obvious, I think here.

The company's gross profit was $1,012 or 47.00% for the three month periods ended September 30, 2007, compared to a gross profit of $176 or 59.86% for the comparable three month periods ended September 30, 2006.

Since Brightec's launch, its operations have not generated sufficient cash flow to satisfy capital needs. The company has financed operations primarily through the private sale of shares of common stock, warrants to purchase shares of our common stock and debt securities.

Brightect had a working capital deficit of $1,358,163 at September 30, 2007 compared to a deficit of $829,695 at December 31, 2006. Cash decreased to $24,078 at September 30, 2007 from $51,836 at December 31, 2006.

The stock chart does say anything good. You can see it yourself how deep the stock sank in the last months. The highest peak was back in April, 2007 when the stock hit just above $0.05 margin.

To date, Brightec's operations have generated accumulated losses of $14,083,770. At September 30, 2007, the company's current liabilities exceed our current assets by $1,358,163.

The last financial report was quite a surprise from a creator of the world's first photographic quality glow-in-the-dark paper. Just before 2008, the company announced that it is introducing bulk packs of its inkjet media for sale on their website, which is supposed to help boosting the company's sales.

Reference

www.brightec.com