Wizard World Inc (OTCBB:WIZD) Surges After Q2 Report

[[tagnumber 0]][[tagnumber 1]]The first half of the year went rather slowly for the stock of Wizard World Inc (OTCBB:WIZD) and the stock barely made any percentile movements in price while volumes remained quite low. That was until last month, when the ticker began to slide down the charts, registering several sessions with quite a lot of trading.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]This month started somewhat favorable for [[tagnumber 6]]WIZD[[tagnumber 7]] and the ticker managed to regain some of the lost value even in the first sessions. The reason for the positive performance was some optimistic PR, but last Friday we also got to see the numbers contained in the company’s balance sheet at the end of the second quarter of the year.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $4.55 million[[tagnumber 13]] [[tagnumber 12]]current assets: $6.66 million[[tagnumber 13]] [[tagnumber 12]]current liabilities: $4.98 million[[tagnumber 13]] [[tagnumber 12]]quarterly revenues: $7.44 million[[tagnumber 13]] [[tagnumber 12]]quarterly net loss: $1.8 million[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]As we have stated in our previous articles, and as these numbers show, [[tagnumber 6]]WIZD[[tagnumber 7]] isn’t you regular OTC pennystock. It has pretty decent cash reserves and generates impressive revenues. Unfortunately, the company has been unable to operate at a profit so far in this year, unlike last year.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The main reason is an increase in cost of revenue expenses due to the increased numbers of events that [[tagnumber 6]]WIZD[[tagnumber 7]] has organized. On the good side, we see that the company is diversifying its revenue streams, which is always good progress, even if it costs a bit more to handle at first.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]After the Q2 report was filed in Friday we saw the ticker gain 18.18% in value, closing the week with a price of $0.52. Some 323 thousand shares changed their owners, generating $153 thousand in daily dollar volume, nearly 2 times the 30 day average.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]So far we see [[tagnumber 6]]WIZD[[tagnumber 7]] is hesitating in today’s session after it gapped up at $0.54, as the stock has returned to its Friday closing prices. Doing your due diligence and weighing out the risks before putting any money on the line is, as always, crucial.[[tagnumber 2]]