RedChip Featured Company: Mizati Luxury Alloy Wheels, Inc. (MZTI.PK) Announces Solid Revenue Growth in Q2 2007
Revenues for Mizati Luxury Alloy Wheels increased 34% from $1.2 million in Q2 2006 to $1.6 million in Q2 2007. The main factor behind the increase was the company’s expansion of its base of dealers and distributors. Gross margins increased 11.6% compared to the same quarter in the previous year, which can be attributed to the cost of sales being spread over a broader revenue base. At a share price of $0.32, MZTI shares are trading at less than 1x projected FY 2008 revenues. Mizati’s strategic initiatives for FY 2007 and FY 2008 should enhance brand awareness, and significantly drive…