Due Diligence for BlastGard International
The two BLGA SEC filing we have linked below detail a shake-up in the management at BlastGard. The company’s revenue has decreased radically in the most recent quarter and perhaps some new management was needed. The company offers a decent variety of protective gear and we’ve included a link to their website because the products are worth checking out.
Our View: BlastGard should be doing better. We live in a world where the need for BlastGard type products is increasing, not decreasing like the company’s revenues in the quarter ended 6-30-15. There had been nice growth in revenue and profits until the most recent quarter. We believe that BGLA is a stock to hold with appealing long term potential. This company will iron out whatever difficulties they are having (cash flow – deficits) and be able to grow organically. Investors should be focused on the enormity of the company’s market space.
BLGA – 8-K Filing – September 1, 2015
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10896259
BLGA – 10-Q – August 14, 2015
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10867998
BLGA – Website
http://highcomsecurity.com/collections/products
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