CORONA, Calif., Sept. 30, 2013 /PRNewswire/ -- AVT, Inc. (OTC Markets: AVTC) (www.autoretail.com), a leader in automated retailing systems, micro-stores and kiosks, has been given a "Buy" rating from Zacks Investment Research.
With revenues that have almost doubled each of the last four years, AVT has become a leading developer and supplier of innovative automated retailing systems, self-service kiosks, and micro-stores. Management's goal is to reach $100 million in revenue by the end of 2015.
"Trends support this robust growth," according to Zacks. "We believe the growth of automated retail suggests strong opportunities for AVT."
"The shares trade at a multiple of roughly 1X on a market cap to TTM revenue basis, which in our view does not mirror AVT's expected growth. Our $2.60 6-month price target implies a multiple of 1.2X on our 2014 revenue forecast."
AVT has recently expanded their facility and increased production capabilities to accommodate rapid expected growth. "We are very conservative in our revenue projections, but have geared up for much faster progress," according to James Winsor, CEO of AVT, Inc. "We anticipate continuing our pattern of exponential revenue increases."
The report noted that AVT has invested heavily in research and development, which resulted in an important patent that will lead to additional revenue generation.
"The company has five focus areas and each one provides a revenue stream," the report stated. Areas are: Automated retailing design and development, leasing and financing, advertising through AVT's exclusive media network, licensing the company's industry-leading patent, and company-owned systems that include Marley Coffee Automated Stores and the innovative Utique self-service boutiques.
Zacks is a leading investment advisement firm, noted for their commitment to independent research and sharing profitable discoveries with investors. Their proven stock-rating system has nearly tripled the S&P 500 with an average gain of +26% per year the past 17 years.
"We believe the addressable market for AVT's products and services is large," Zacks report concluded. "AVT shares present one of the only pure play ways to gain exposure to automated retail."
To download a copy of the report, visit: http://scr.zacks.com/files/doc_coverage/Technology%20-%20Marla%20Backer/September%2026%202013_AVTC_Backer.pdf
For more information AVT's full line of automated retailing systems, contact the company at (877) 424-3663, or visit the website at: www.autoretail.com.
SOURCE AVT, Inc.