The one OTC company that is not happy with the way 2015 started for it is Interactive Health Network (OTCMKTS:IGRW). However, things have turned for better in past few trading sessions. After IGRW share price declined to triple zero in the last week of February, it tried to recover. The efforts yielded result, and for no apparent reason, the stock price has been surging on the charts from the start of the month. In last trading session, the stock price consolidated and declined 4% to close at $0.00240.
Interactive Health is not very much inclined to get investor attention, and therefore hardly comes up with regular press releases. The company issued last press release on January 22, 2015, and it was more about a shareholder update. It mentioned that the revenue for the three months ended December 2014 was expected to be between $350,000 and $400,000.
The financial numbers
Interactive Health released the numbers in March and the revenue was in-line with the guidance. The quarterly revenue was $353,000 while net loss stood at $228,000. The cash balance was $10,000. The current assets came at $153,000 while current liabilities were $1.58 million. The company posted decent revenues. However, the problem was with the existing cash balance and reported current liabilities. Analyzing the numbers, it is evident that the company’s stock price is fairly priced at this time. The numbers do not support any further rise from the current levels.
After the financial report was released, Interactive Health Network (OTCMKTS:IGRW) posted gains of 35.71% to close the week at $0.0019 per share. Later in the week, it posted gains of more than 47% to close at $0.0028 with share volume of 110.92 million and $326,000 in daily dollar volume. Going by the close in the last trading session, the climb sees to come close to an end.