What Does Revenue Growth of 118% Mean for Growlife Inc (OTC:PHOT)

Las Vegas, NV -- (SBWIRE) -- 02/07/2013 -- Growlife Inc (OTC:PHOT) is among four top marijuana industry stocks which have shows tremendous performance in last few days. It was referred to as ideal combination of bull stocks. This has been obvious that cannabis and medical marijuana sector has been interest of every investor due to its remarkable future growth prospects.

Growlife Inc not only performed in terms of its share price in last week but also has shown strong fundamental improvements. The company reported the increase of more than 118 percent in its revenue for the quarter ended September 30th, 2012 as compared to revenue for the same period in 2011. Growlife also reported profit in the same quarter standing at $0.03 million.

However, if we look at the same period last year, the company also ended with net profit but in the later quarters its revenue decreased substantially and ended in net loss likewise.

The stock price fell 13.37 percent in its last trading session to close at $0.0745. Traded volume stood at 22.91 million shares surpassing its average volume of 6.30 million shares per day.

To find out what OTCMAGIC projects for Growlife Inc for both short term and long term please click here: PHOT

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