- Revenues were up 53.4%.
- Consensus was expecting earnings per share of $.21 and the company reported $.033.
- Gross margin was up strongly to 65.7% due to improved product costs, favorable sales mix and foreign exchange.
- The company generated cash once again. The cash on the balance sheet declined slightly but it was a foreign exchange effect.
A few things to consider. In the past few weeks, this company has been hyped on television or in newspapers by a number of "experts". Hype can be a problem, especially for companies with volatile quarterly results. One weak quarter and all the "fast" money would want to exit at the same time. It is a problem but it can also create a buying opportunity. One last tidbit, I would not be surprised if one day Cisco buys Ruggedcom. Keep this one on you radar screen.
2 comments:
How is the US volatility affecting the Toronto market?
We have a lot more exposure to commodities in our market so this creates its own level of volatility. Also, our financial institutions appear to be a better shape than yours. As such, we have not seen the same kind of collapse as you.
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