Value Microcaps Motherboard

[researcher59]

CMT (10.86) posts Q3 EPS of $0.26 versus $0.16 y/y. Also up impressively on a sequential basis from $0.21 in Q2. Results were especially strong considering that the Volvo contract has been a bit slow to ramp up and will only start to contribute significantly in Q4.

It sounds like Q4 EPS should be $0.33+, especially if gross margins increase as the Volvo contract becomes a bigger part of the business ....

from the PR -

"Although a little slower than originally anticipated, we now have the production tools in place for our new business with Volvo Group North America and we expect the ramp up of this business to contribute about $5 million of revenue in the fourth quarter," Barnett added "The new Volvo business contributed less than $1 million to revenues in the third quarter," Barnett noted.