Signal Advance Inc - SIGL stock
OTC Symbol: SIGL | OTC Tier: Pink Current
About SIGL[edit]
Signal Advance Inc. (OTC: SIGL) is a technology company based in Texas, USA, focused on developing and commercializing advanced technologies in the fields of wireless communication, signal processing, and artificial intelligence. Signal's technology detects complex analog signals based on a wide variety of physical properties, including temperature, pressure, vibration, flow, proximity, and bioelectric activity. The company was founded by Chris M. Hymel in1992 and is based in Rosharon, TX.[1]
The company has not released any news since 2021 and has not recorded any revenue since 2020. However, Signal has maintained a very large cash balance for at least the past three years.[2] The 2022 Annual Report does not provide any insight into current activity or prospects for future revenue.[3]
2021 Executive Summary[edit]
In 2021 the company published an Executive Summary with the following information:[4]
- Signal Advance, Inc. has a proprietary technology which "acts to reduce signal detection delays associated with a variety of physical sensors, thereby improving performance in control, intervention, and/or signal transmission systems", and is pursuing licensing and commercialization of this technology.
- In regard to cardiac and brain signals, they hope to use their technology to "contain or limit a pathological process such as cardiac fibrillation or an epileptic seizure" by reducing the delay in detecting, processing and responding to signals.
- In "Non-medical applications (defense, process control, energy, transportation, cyber-security), early signal detection means faster control system response - improving efficiency, accuracy, safety, product yield, fuel efficiency and reducing waste/emissions."
- The Executive summary does not contain a timeline for commercialization and specific dates of accomplishments and awards range from 2011 to 2015. It also states that $20 million in capital is required over the next 4 years.
Elon Musk Tweet[edit]
In January 2021, Signal Advance Inc. gained sudden notoriety in the media after being confused with the popular messaging app Signal, which saw a surge in users following privacy concerns with rival app WhatsApp. The confusion was based an Elon Musk tweet, "Use Signal". The confusion led to an unexpected increase in the stock price of Signal Advance Inc., which surged over 5,000% in just a few days, despite the company having no apparent involvement with the messaging app. It is interesting to note that the company insiders did not sell their shares during the price surge.[5]
Stanley Cutler Review of SIGL[edit]
In a Seeking Alpha article dated 3/16/2021 Stanley Cutler provides an analysis of the company, concluding "With a strong balance sheet, revenues, and net income, investors need not worry about the continuing operations of Signal. Investors need to decide if the technology has a good future." The article suggests that Signal Advance Inc. is working on developing technologies that could transform cybersecurity and virtually eliminate remote hacking. The author claims that the company's technology utilizes AI and machine learning to detect and prevent cyber threats in real-time, making it a game-changer in the industry. The author also suggests that the company is poised for significant growth and that it could be a good investment opportunity for those interested in the cybersecurity industry. However, it is important to note that the article is an opinion piece by an individual author, and its claims have not been independently verified.[6]
Financial Performance[edit]
2022[edit]
For the year ending 12/31/20 the company reported revenues of $0, total expenses of $533,000, and net income of ($548,000). Cash on hand at year end was $9,831,000 and total liabilities were $3,255,000.[2]
2021[edit]
For the year ending 12/31/20 the company reported revenues of $0, total expenses of $585,000, and net income of ($618,000). Cash on hand at year end was $11,055,000 and total liabilities were $4,246,000.[2]
2020[edit]
For the year ending 12/31/20 the company reported revenues of $6,362,000, total expenses of $230,000, and net income of $6,151,000. Cash on hand at year end was $12,823,000 and total liabilities were $6,350,000.[2]
- ↑ Market Watch. SIGL Stock. Retrieved on 4/19/2023.
- ↑ 2.0 2.1 2.2 2.3 OTC Markets. SIGL Financials. Retrieved on 4/19/2023
- ↑ Signal Advance. Annual Report for the Year Ended December 31, 2022. Retrieved on 4/19/2023.
- ↑ SignalAdvance.com. 2021 Executive Summary. Read on 6/30/2022.
- ↑ Yahoo Finance. Elon Musk tweet sent this penny stock soaring, but company insiders didn't sell shares. January 13, 2021.
- ↑ Seeking Alpha. Signal Advance--Technology To Transform Cybersecurity And Virtually Eliminate Remote Hacking. March 16, 2021.
