Q4 revenues were up 6% compared with revenues for the same period of the prior
year, although the Company posted a net loss in the fourth quarter of $123,000
or $.01 per basic and diluted share compared with net income of $918,000, or
$.09 and $.08 per basic and diluted share in the same period of the prior year.
The net loss in the quarter and decrease in net income for the fiscal year was
due to a higher effective tax rate in the current year period primarily resulting
from the recognition of deferred tax assets in the fiscal year ended March 31,
2008.
Revenues for the full fiscal year increased nearly 10% compared with the prior
year.
Net income decreased to $1.28 million, or $.12 per basic share compared with
$2.47 million or $.23 per basic share for the full fiscal year ended March 31,
2008.
Revenue growth during the three months and fiscal year ended March 31, 2009
was primarily attributable to the following events: acquisitions, expansion
of services to new customers, the expansion of security services to existing
customers and new contracts won over the quarter and fiscal year.
The President of the Company, stated, "Our focus on managing working capital
across the business and the commitment of an expanded revolving credit facility
continues to provide the resources to implement our strategy of expanding through
organic growth and selective strategic acquisitions."
For the six months ended September 30, 2009, revenues increased 10.5% compared
with revenues of in the same period of the prior year. Net income decreased
37.7 compared to income in the same period of the prior year.
The increase in revenues for the three and six months ended September 30, 2009
was due primarily to income derived from new contracts, expansion of services
to existing customers recent acquisitions.
The decrease in net income for the three and six months ended September 30,
2009 was due to the loss of a contract with a major customer, reductions in
service hours for several of the company's customers primarily resulting from
a downturn in their respective businesses, higher workers' compensation reserves
and higher general and administrative expenses associated with expanded operations.
The CEO of the company stated, "While pleased with our top-line growth,
we implemented a number of cost reduction initiatives during the second fiscal
quarter to reduce operating and/or general and administrative expenses during
the remainder of fiscal 2010 and beyond. The key theme for the second quarter
was operating discipline. Our efforts to drive sales and gross profit growth
are continuing, and we believe our team is well equipped to add value to our
customers. My primary focus is to ensure that the company is continuing to execute
well and that we are building a foundation for sustainable long-term growth.
As previously stated, we also made some difficult but necessary decisions to
reduce our expenses during the quarter. We expect that the combination of these
actions will make us a leaner but stronger organization focused on maximizing
the value of our assets for our shareholders."
Stock Report #013008
(Career Educational Related)
Online sales increased 15% for the latest quarter. Revenue
for Q3 slightly increased over Q3 2007. Net income per share remained the
same. The company is in the employee learning and development business. Acquisitions
allowing the company to expand into new markets have been made. The balance
sheet remains strong with $6.2 million in cash and equivalents, a small amount
of shares outstanding and no long-term debt. P/E is 12. Management holds a
good size of company shares. The company has a share buy back program, purchasing
over 80,000 shares of company stock this year. Here's the caveat: With unemployment
rising and the economy heading into recession this could be a challenging
investment for the time being, although so far the company has not experienced
any significant impact from the general slowdown of the economy or the current
global credit crisis. This remains a solid little company. Following an old
stock market adage, "Buy when everyone else is selling and sell when
everyone else is buying may pertain to this company. The share price is down
over 40% since our initial coverage.
(5/2010) The Company reported results for the three month
period ending March 31, 2010.
For the three months ending March 31, 2010, compared to 2009:
* Net revenues of $3.62 million, compared to $4.35 million
* Operating loss of $807,000, compared to operating income of $28,000
* Loss before taxes, depreciation and amortization and other income (EBITDA)
of $553,000, as compared to an EBITDA of $274,000
· Net loss of $503,000, or $0.10 per diluted share, compared to net
income of $30,000, or $0.01 per diluted share
The largest contributor to the Company's decrease in revenues
and operating loss in the first quarter of 2010 was the performance of their
multimedia subsidiary. Last year it had a strong first quarter; this year
first quarter revenues were down 51 percent. The reduction in revenues can
be attributed to the general economic environment.
At the end of the current quarter the Company had approximately
$6.4 million in cash and cash equivalents, $5.3 million in deferred revenue,
stockholders' equity of $12 million, and no debt.
The Chairman and CEO stated, "As indicated in our fourth
quarter earnings press release and conference call, we expected the seasonality
of our business to be exacerbated by our acquisition last year and show itself
in our first quarter results, we further reiterated in the annual report and
my letter to shareholders that the economy, seasonality and product mix are
all variables that are going to effect our earnings quarter over quarter.
Specifically, our new divisions contribute little to no revenue in the first
quarter to offset their overhead. In contrast to the reduction in revenue,
our operating expenses have remained flat even with our new addition. Further,
we are beginning to see a recovery in the marketplace by way of clients coming
back to us with available budgets and new Requests for Proposals."
The Chairman continued: "Despite the quarterly loss, our
Board has declared its second consecutive quarterly dividend of $.01 per share
payable on July 12, 2010, to shareholders of record July 1, 2010. The Board
took into consideration the seasonality of our business, and continues to
feel that our strong cash position and our EBITDA performance make a dividend
appropriate. While we hope to make quarterly dividends ongoing, we must caution
that any future dividend will be affected by our results and by our ongoing
requirement for cash to make acquisitions, which is still our primary goal."
"It should also be noted from my most recent letter to
shareholders, that the Company purchased 149,000 shares of common stock in
the first quarter as part of its Board-approved stock buyback program. Despite
the quarterly loss, and the stock buyback in the first quarter, our cash position
remains strong at $6.4 million as of March 31, 2010, as compared to $6.7 million
on December 31, 2009."
The share price is down considerably since our initial report
and at this time The Smallstockhunter would place a hold on the stock.
(As
of 7/23/2010) The share price of this
stock is down 46.93% since being selected as a Smallstockhunter Stock Report
on January 30, 2008.
Stock Report #031708
(High Tech Related)
Due to the recessionary economy, revenue decreased in Q3,
although a net profit was still achieved. The balance sheet is strong with
$15 million in cash and equivalents, assets to liability ratio is approximately
4 to 1 and the company carries no long term debt. The P/E ratio hovers around
18. A contract for the company's browser software would enable the stock price
to zoom. Two stock buy backs have been completed this year. Since December
2007 over 840,000 shares were repurchased. Again, the stock market crash has
had a negative effect with the stock price down 26% since the original Stock
Report in March of 2008. Establishing a position at this point in time could
prove to be fruitful.
(3/9/2009) The Company reported revenue for the three
months ended December 31, 2008 of $5,638,000 and net income of $709,000 or
$0.07 diluted earnings per share. A revenue decrease of $645,000 or 10% as
compared to $6,283,000 for the three months ended December 31, 2007 but an
increase of $155,000 or approximately 3% as compared to revenue of $5,483,000
for the three months ended in the previous quarter - September 30, 2008.
Revenue of $24,008,000 for the year ended December 31, 2008
is the Company's highest full year revenue since becoming a publicly traded
company, increasing $390,000 or approximately 2% as compared to revenue of
$23 618,000 for the year ended December 31, 2008.
Cash equivalents at December 31, 2008 totaled $16,162,000, an
increase of $962,000 from its cash and cash equivalents of $15,200,000 at
September 30, 2008.
"While the challenging economic environment affected our
revenue for the quarter ended December 31, 2008, we are pleased that we have
been able to maintain profitability and that we have been able to continue
to generate positive cash flow. With our strong balance sheet and no debt,
we remain well positioned to take advantage of potential growth opportunities."
(4/2009) The Company disclosed that a private investor
has acquired a 13.6 percent stake in the company. The shares were acquired
over several months; the private investor is now the Company's largest shareholder.
(5/2009) First quarter 2009 results reported that revenue
decreased by $1.36 million or 22% to $5 million for the three months ended
March 31, 2009 as compared to total revenue of $6.4 million for the three
months ended March 31, 2008.
The net loss for the three months ended March 31, 2009 was $(153,000)
or $(0.02) per diluted share, a decrease of $812,000 as compared to net income
of $659,000 or $0.06 per diluted share for the three months ended March 31,
2008.
Cash and cash equivalents at March 31, 2009 totaled $17,057,000,
an increase of $895,000 from a Balance of $16,162,000 at December 31, 2008.
The Company's President and CEO stated, "We are pleased
to report that we increased our cash and cash equivalents during the quarter
by $895,000 and that we achieved a non-GAAP net profit of $41,000 for the
quarter. However, as our revenue is typically driven more by consumer-based
spending in our first quarter than other quarters, we did experience a decrease
in our first quarter revenue due to lower consumer spending, as well as, longer
corporate sales cycles."
The Company remains optimistic about their ability to drive
future revenue growth given the growing pipeline for many of it's products
and given the opportunities they see to generate additional revenue by licensing
their new Browser.
Clearly the recession is having a negative affect on Company
revenues and earnings. The Smallstockhunter will continue to follow this story,
but would advise a holding pattern on the stock for the time being.
(As
of 7/23/2010) The
share price of this stock is 29.48% higher since being selected as a Smallstockhunter
Stock Report on March 17, 2008.
Stock Report #061608
(Medical Information Related)
The share price is up over 90% since being added to the Stock
Reports in mid June of 2008. This one is in the medical related field, a market
estimated to be worth $574 billion, and has grown to 30% of total national
health expenditures. This company will likely be immune from any carnage in
the general economy or stock market. Cash & equivalents are $10.3 million.
Assets outnumber liabilities by 2 to 1, and the company has little to no long-term
debt. Q3 2008 revenues were up 127% over the third quarter 2007. Another recession
resistant company. This is a good solid company that looks like it could be
a multi bagger.
(Your dear publisher has added shares
of Stock Selection #061608 to his private account.)
(5/2010) The Company announced first quarter 2010 net
income of $1,000, or $0.00 per diluted share, compared to net income of $279,000,
or $0.02 per diluted share reported during the first quarter of 2009. First
quarter 2010 net income includes a non-recurring charge of $143,000
for severance costs.
Economic headwinds that impacted the Company's business in 2009 continued
it's affect in the first quarter 2010. National unemployment has dampened
revenue growth versus the first and fourth quarters of 2009. The Company's
two large legacy accounts experienced revenue declines of 21% in the first
quarter compared to a year ago as they served fewer covered lives. This was
partially offset by a $2.0 million increase from new accounts.
The CEO stated, "I am encouraged by increased claims volumes we have
experienced early in the second quarter from our existing accounts and the
momentum we have gained through our sales activities which have culminated
in several new contract signings. The combination of those factors and improving
economic trends should position us to achieve our expectations of low-double
digit growth for 2010."
Revenues for the first quarter of 2010 were $14.4 million compared to $16.1
million reported during the first quarter of 2009.
The Company reported an operating loss of $9,000, which compares to operating
income of $286,000 reported during the same period last year. The decline
includes a non-recurring charge for severance costs of $143,000.
At quarters end the Company had cash of $10.7 million, compared to $11.9 million
reported at December 31, 2009. Cash utilized from operating activities for
the three months ended March 31, 2010 was $951,000 compared to $51,000 generated
from operating activities for the corresponding prior year period. The Company
has no long-term debt outstanding.
The Smallstockhunter is taking a wait and see attitude with this company and
has a hold on purchasing shares at this time.
(As
of 7/23/2010) The share price of this
stock is 64.50% lower since being selected as a Smallstockhunter Stock Report
on June 16, 2008.
Stock Report #051608
(Industrial / High Tech Related)
This is a 53-year-old company that's an infrastructure play
on roads, bridges and buildings. Infrastructure is high on the list of programs
President/Elect Obama wants to implement to kick start America's economy.
That spells well for this profitable micro cap company. There are under 5
million shares outstanding and the Company carries no long-term debt. This
looks to be a good investment not only for the new upcoming era but the longer
term as well. Shares currently sit at fire sale prices due to the overall
market melt down. The country has a crumbling infrastructure with 156,000
structurally deficient bridges and countless buildings. This Company looks
to profit from that.
(10/2009) The Company's Q1 net earnings were $321,000,
up from $149,000 in the last year. Earnings per share for the latest quarter
were $0.10 vs $0.05 in the year earlier period.
Sales for the first quarter of fiscal 2010 grew to $5 million
from $4.8 million in the previous year. The company's firm order backlog is
now $11.3 million, up from $9.5 million at the end of the first quarter of
the prior year.
The Company CEO said the company expects improved profitability
for the entire year.
(1/2010) Second-quarter net earnings jumped to $502 thousand,
up more than nine times the amount reported a year ago. Twenty-six cents versus
six cents per share posted a year This was attributed the rise to newer business
that has improved profit margins over older business that was being completed
in previous periods, although sales declined 7% year to year to $3.5 million
from $3.76 million.
The firm order backlog has increased to $11.4 million, up from
the $10.1 million level reported this time last year, while sales for the
1st six months were down only approximately $59,000.said a statement from
Douglas Taylor, president
The Company's CEO said that the company's previously stated
expectation of improved profitability for this fiscal year is being realized.
(4/2010) The Company has reported its third-quarter net
income. Net Income rose to $325,000 or $0.10 per share from $31,000 or $0.01
per share in the prior year period.
Sales for the quarter increased to $4.78 million vs $3.71 million
in the comparable period last year.
As of February, 2010, the Company has 20% more open sales orders
in their backlog (124 orders) with a total sales value of $13 million or approximately
5% higher than the prior year.
At a P/E of 17 with little to no short or long term debt, this
Company continues to look like an attractive addition to one's portfolio.
(As of 7/23/2010)
The share price of this stock is
1.12% higher since being selected as a Smallstockhunter Stock Report on May
16, 2008.
Stock Report #101408
(Medical Information Related)
This company provides medical information services to hospitals,
hospital systems, multi-specialty clinics and physician group practices in
the United States. This stock recently traded in the $20's, with the market
crash the shares are now back under $10 per share. Revenues are up 14% in
the last Q. The price per share is up 3+% since being featured as a Stock
Report on October 14th. Good solid company that should do well in any coming
recession.
(Your dear publisher has added shares
of Stock Selection #101408 to his private account.)
(10/2009) For Q3 the Company reported net income of $1.84
million and earnings of 20 cents a share, compared with net income of $1.48
million and earnings of 17 cents a share in Q3 of 2008.
Third-quarter revenue rose 52 percent to $18.5 million vs $12.1
million in the comparable period.
Net income for the nine months ended September 30, 2009, grew
to $5.16 million or $0.58 per share from $4.27 million or $0.49 per share
in the prior year period. Revenue for the period jumped to $50.38 million
from $35.86 million in the comparable period.
The price of the Company's stock has crossed $10 per share,
but with growing revenues and earnings and more projected into the future,
this company continues to rate a strong buy for those that haven't purchased
as yet. For current holders, you're up over 30% since the initial write up.
Congratulations!
(As
of 7/23/2010) The share price is 63.41%
higher since being selected as a Smallstockhunter Stock Report on October
14, 2008 and is now over $10 per share.
Stock Report #100908
(Industrial / High Technology Related)
This featured Company designs, assembles, markets, and distributes
components for machine tool products and laser measurement systems. This segment
serves machine tool builders, rebuilders, and grinding machine users. The
Measurement segment manufactures and markets a line of laser-based precision
test and measurement products for the disk drive, silicon wafer and optics
industries and for measuring the capacity and volume of large chemical storage
tanks via satellite. The company was founded in 1984.
The company continues to make investments for the future,
including the development of new products and enhancements to existing products
in addition to strengthening their management team. The company expects that
they will see the benefits of these investments on a going forward basis.
The company intends to launch new products in the second half.
Cash and equivalents are roughly $4.9 million. Current assets
are $11 million vs current liabilities of $1 million. The company carries
zero long-term debt.
(4/2010) Q3 Loss Widens
The Company reports a net loss for the third quarter of $443
thousand or $0.15 per share, compared to a loss of $261 thousand or $0.09
per share in the year-ago quarter.
Sales for the quarter decreased 12.5% to $1.54 million from
$1.76 million in the prior-year quarter.
The net loss for the nine months ended February 28, 2010 was
$1.24 million or $0.43 per share, compared to a net loss of $341 thousand
or $0.12 per share for the first nine months of Fiscal 2009.
Sales for the current nine months period were $4.69 million,
down from $7.94 million for the same period in the prior year.
The Company is dependent on the strength of manufacturing in
the over all economy.
At this juncture we'll hold and watch carefully for some improvement
in the next quarterly report.
(7/23/2010)
The share price of this stock is 34.73% lower since being selected as a Smallstockhunter
Stock Report on October 9, 2008.
Stock Report #122608
(Security / Infrastructure Related)
This company, organized in 1969, provides the government
and private sector with infrastructure, building management and construction,
environmental quality, defense and homeland security needs. The company provides
services including environmental compliance management, restoration and conservation
plus engineering, design, and construction management services. The company
also provides services in the chemical domain. Systems testing; development
and evaluation of detection technologies and the development and production
of personal protective systems; counter-terrorism planning; air quality analysis;
and information technology support. Cash and equivalents total $12 million.
The P/E is 10+. The stock price is up over 20% since first featured on December
28, 2008.
(5/2010) For the third quarter of fiscal year 2010 Gross
revenue was reported as $24,355,000 a decrease of $7,496,000 (24%) from the
third quarter of fiscal year 2009.
The decrease was due to budget shortfalls in state and municipal
agencies that affected the Compliance and Environmental business segment.
The Company's Professional Services business segment revenue grew 8%, from
$3 to $3.3 million over the same period. The National Security business segment
revenue grew 62%, from $2.5 to $4.1 million.
A loss of $1.5 million ($0.16) per share was reported for Q3
2010 compared to a profit of $1.1 million, or $0.12 per share, in the third
quarter of fiscal year 2009. A Cost Reduction Plan was implemented to lower
the Company's overall cost structure and will generate savings of approximately
$3.3 million per year. The Companies two recent acquisitions are forecasted
to contribute $17 million of revenue in their first full year.
The CEO stated, "The Company remains committed to improved
profit margins and revenue growth. The restructuring charge and cost reduction
efforts were designed to improve our agility and turn around our financial
performance as rapidly as possible. We are beginning to see improvement in
our leading indicators. Furthermore, our two acquisitions announced during
the third quarter, as well as our recent wins bode well for the remainder
of fiscal year 2010 and forward."
(5/2010) The Company has deployed a team of scientists
to the Gulf coast region to provide technical support in response to the oil
spill in the Gulf of Mexico. The Company was selected due to its rapid response
capabilities and over 35 years of ecological monitoring and surveying experience.
Company scientists will be supported remotely by other divisions with modeling,
meteorology, fisheries ecology, sensitive habitat and other technical experts.
The Company has expertise in both oil spill response and Natural Resource
Damage Assessment (NRDA) and is able to quickly respond to incidents of this
magnitude.
(7/23/2010)
The share price
is 18.24% lower since being selected as a Smallstockhunter Stock Report on
December 26, 2008.
HOME | REPORTS
| SUBSCRIBE
| ABOUT US | UPDATES | DISCLAIMER
| MUSINGS
