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   Microcap & Penny StocksAgJunction Inc. - HW/SW for Precision Agriculture


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To: Sultan who wrote (31)4/16/2018 10:10:11 PM
From: robert b furman
   of 101
 
Hi Sultan,

Thanks for the post about agjunction.

My property in Wisconsin is adjacent to a coop that has been there for decades.

Wisconsin has a lot of small farmers,and only a few have enough land to justify even the big John Deere rigs.

Those that have them lease a lot of land TO JUSTIFY THE EQUIPMENT.

I'll do some grass roots DD and get back.

Bob

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To: robert b furman who wrote (32)4/17/2018 2:35:06 PM
From: Sultan
   of 101
 
Sounds like AgJunction is doing the right thing to go after small farmers' business which the big guys can't really serve effectively..

Here is their latest Corporate Presentation .. Dated. April 16th.

agjunction.com

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To: Sultan who wrote (33)4/17/2018 5:42:17 PM
From: robert b furman
   of 101
 
In wisconsin that would be huge.

Most fields are 40 and 80 acres 120 field is big.

Dairy farmers put their money into the cows.
Now some farmers milk 2000 head and do not farm the land - they buy the crop.

Others do both and have huge debt.

This really fits well - have several friendws to tell about this.

Still hard to believe it can be done for less than $1000!

Must be one heck of a design.

Bob

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To: robert b furman who wrote (34)4/27/2018 11:49:04 AM
From: Sultan
   of 101
 
AgJunction Sets First Quarter 2018 Conference Call for Thursday, May 10, 2018 at 11:00 a.m. ET

HIAWATHA, KS , April 26, 2018 /CNW/ - AgJunction Inc. ( AJX.TO), a global leader in advanced guidance and autosteering, will hold a conference call on Thursday, May 10, 2018 at 11:00 a.m. Eastern time to discuss its financial results for the first quarter ended March 31, 2018 . The company will report its financial results in a press release prior to the conference call.

AgJunction CEO Dave Vaughn and CFO Michael Manning will host the conference call, followed by a question and answer period.

Date: Thursday, May 10, 2018
Time: 11:00 a.m. Eastern time (8:00 a.m. Pacific time)
Toll-free dial-in number: 1-888-231-8191
International dial-in number: 1-647-427-7450
Conference ID: 3674199

Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact Liolios at 1-949-574-3860.

The conference call will be broadcast live and available for replay via the investor center section of the company's website at corp.agjunction.com.

A replay of the conference call will be available after 2:00 p.m. Eastern time on the same day through May 24, 2018 .

Toll-free replay number: 1-855-859-2056
International replay number: 1-416-849-0833
Replay ID: 3674199

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From: Sultan5/9/2018 7:04:33 PM
   of 101
 
AgJunction Reports First Quarter 2018 Earnings Results


HIAWATHA, KS , May 9, 2018 /CNW/ - AgJunction Inc. ( AJX.TO) ("AgJunction" or the "Company"), a global leader in advanced guidance and autosteering, is reporting financial results for the first quarter ended March 31, 2018 . All currency amounts are expressed in U.S. dollars.

First Quarter 2018 Financial Summary vs. First Quarter 2017

- Revenue up 8% to $15.8 million versus $14.6 million .
- Gross margin was 43.0% compared to 46.8%.
- Net loss was $1.0 million or $(0.01) per share, versus net income of $3.6 million or $0.03 per share, which included a one-time payment of $3.0 million.

EBITDA was $(0.5) million versus $4.1 million .

Management Commentary

"AgJunction continued its expansion in the first quarter, reporting our fifth consecutive quarter of revenue growth," said Dave Vaughn , president and CEO of AgJunction. "Against this growth, the timing of approximately $1.7 million in orders shifted from our first quarter to early in the second quarter. These orders have shipped and will be reflected in our second quarter results.

"We continued to make significant progress during the quarter with our Hands-Free Farm mission that autosteering is for everyone and everything. The mission includes the launch of REBEL, our next generation upgrade to the Outback line that not only introduces a new display but contains an entirely new release of our component structured software. REBEL includes our first wireless software update capability and allows our customers to purchase a simple, all-in-one solution that substantially reduces the cost and complexity of buying auto steering.

"We followed this up with the launch of our Hands-Free Farm website, HandsFreeFarm.com, and an entirely new digital marketing campaign. We also announced the launch of our e-store, a new channel for getting our products to market. The e-store will focus on offering low cost, easy-to-use, and simple-to-install products. We launched our first offering with RANGER, a revolutionary guidance system for under $1,000 .

"Our belief in our Hands-Free Farm mission is that all farmers, independent of farm size, should have access to the core enabling technology of precision steering whether they have an older tractor or are about to purchase a new one. We drive this message every day through the aftermarket, our value-added resellers, and our OEM partners."

First Quarter 2018 Financial Results

Total revenue in the first quarter of 2018 increased 8% to $15.8 million compared to $14.6 million in the first quarter of 2017. This was driven by an increase in sales in the Company's Europe , Middle East and Africa region.

Gross profit in the first quarter of 2018 remained constant at $6.8 million compared to the first quarter of 2017. Gross margin was 43.0% compared to 46.8% in the first quarter of 2017. The decrease was primarily due to a lower margin mix of products sold versus the prior year.

Total operating expenses increased to $7.8 million compared to $6.2 million in the first quarter of 2017 primarily due to higher R&D costs associated with new corporate initiatives, as the Company invests in improving and developing new products. As a percentage of revenue, operating expenses increased to 49.6% compared to 42.6% in the first quarter of 2017.

Net loss in the first quarter was $1.0 million or $(0.01) per share, compared to net income of $3.6 million or $0.03 per share in the first quarter of 2017. Net income in the prior year quarter included $3.0 million of other income associated with the Company's entry into a strategic agreement with Hemisphere GNSS, Inc., a world-class provider of global navigation satellite systems technology.

EBITDA in the first quarter of 2018 was $(0.5) million compared to $4.1 million in the first quarter of 2017.

Cash and cash equivalents at the end of the first quarter of 2018 totaled $10.2 million compared to $13.9 million at the end of 2017. The Company used some cash to build inventory ahead of the large bulk purchase it will begin to deliver in July. Working capital was $19.5 million at the end of the first quarter compared to $20.3 million at the end of 2017. The Company continues to carry no debt and has access to its full $3.0 million line of credit.

Conference Call

AgJunction will hold a conference call tomorrow at 11:00 a.m. Eastern time to discuss its fourth quarter and full year results, followed by a question-and-answer session.

Date: Thursday, May 10, 2018
Time: 11:00 a.m. Eastern time (8:00 a.m. Pacific time)
Toll-free dial-in number: 1-888-231-8191
International dial-in number: 1-647-427-7450
Conference ID: 3674199

Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact Liolios at 1-949-574-3860.

The conference call will be broadcast live and available for replay via the investor center section of the Company's website at www.corp.agjunction.com.

A replay of the conference call will be available after 2:00 p.m. Eastern time on the same day through May 24, 2018 .

Toll-free replay number: 1-855-859-2056
International replay number: 1-416-849-0833
Replay ID: 3674199

finance.yahoo.com

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From: Sultan5/11/2018 2:38:28 AM
   of 101
 
Edited Transcript of AJX.TO earnings conference call or presentation 10-May-18 3:00pm GMT

finance.yahoo.com

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From: Sultan7/11/2018 10:16:56 PM
   of 101
 
AgJunction Settles with Raven in Patent Infringement Suit

Hiawatha, July 11, 2018 (GLOBE NEWSWIRE) -- AgJunction Inc. ( AJX.TO), a leader in advanced guidance and autosteering, announced today that it has settled a patent infringement lawsuit it filed against Raven Industries, Inc. (“Raven”) in January of this year. The suit alleged Raven products violated three AgJunction patents related to automated mechanical steering, implement steering and system calibration technologies.

Raven and AgJunction announce that they have reached a mutually agreeable no-fault business solution, whereby Raven is granted a nonexclusive license to a significant portion of AgJunction’s extensive patent portfolio, and the litigation is resolved. Under the agreement, both companies will continue to pursue their varied commercial interests.

“We are very pleased to announce this agreement with Raven to license certain of our technology; commercialization of our patent portfolio is a vital component of our corporate strategy and central to the success of our business and that of our partners,” said Bob Barjesteh, vice president of intellectual property and general counsel for AgJunction. “Licensing these patents to Raven substantiates the strength of our industry-leading intellectual property portfolio.”


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From: Sultan8/1/2018 2:05:56 PM
   of 101
 
AgJunction Sets Second Quarter 2018 Conference Call for Tuesday, August 14, 2018, at 11:00 a.m. ET

finance.yahoo.com

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From: Sultan8/13/2018 11:47:42 AM
   of 101
 
AgJunction Expands Automatic Steering Market to One Million More Farmers with Revolutionary New Wheelman

Hiawatha, Aug. 13, 2018 (GLOBE NEWSWIRE) -- AgJunction ( AJX.TO), the Autosteering Company™, today introduced Wheelman™, a new way for farmers to automatically and accurately steer farm equipment at a price that pays back in just one season for farmers working as few as 250 acres.

“We believe that all farmers should prosper, and with autosteering, farmers can reduce input costs and increase yields,” said Dave Vaughn, AgJunction chief executive officer. “With Wheelman, we will bring the technology used by the largest farm operations to one million smaller farms worldwide.”

With precision agriculture, commodity crops can be farmed profitably. Precision agriculture starts with automatically and accurately steering farm equipment to prevent overlap, reduce input, labor, and equipment costs, and increase yields. The USDA estimates that autosteering alone saves farmers $15 per acre each year, but because of cost and complexity, this technology has been out of reach for most farms less than 1000 acres, until now.

Wheelman™ delivers a complete, do-it-yourself autosteering system for under $3500 with a simple design that any farmer can order online and install in less than an hour on most equipment. Wheelman™ is powered by AgJunction’s proprietary Whirl™ software that makes it easy to automatically and accurately steer your tractor and inform farmers about their farming efficiency.

Visit HandsFreeFarm.com now to learn more about Wheelman™ and register for the Early Release program to be the first to start farming hands-free.

finance.yahoo.com

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From: Sultan8/14/2018 2:07:55 PM
   of 101
 
AgJunction Reports Second Quarter 2018 Earnings Results

finance.yahoo.com

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