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Picked up a few .0005's, a few .0007's and afew .0008's today to get my average down to just over .001.
Nice volume increase Friday. Always like to see that volume increase for a few days. Usually a good sign that it's gonna run.
Lets see a good volume day of some buying and this may move.
Nice move today!
Only fear is volume will dry up.
http://www.investorshub.com/boards/board.asp?board_id=7994
Revenues seem to be growing nicely here. Nice day today for sure. Up 87% on over 500k shares trades.
Nice chart too:
Surprised not more people have come on here. Could be a good little company.
My other favorite is.
http://www.investorshub.com/boards/board.asp?board_id=7994
MCT Third Quarter Results
November 01, 2006 16:01:33 (ET)
ST. PAUL, Minn., Nov 01, 2006 (BUSINESS WIRE) -- Micro Component Technology, Inc. (MCTI, Trade) today reported results for its third quarter ended September 30, 2006. Net sales for the third quarter of 2006 were $3.3 million, an increase of 87% from net sales of $1.8 million for the third quarter of 2005. Net loss was $1.9 million or $0.06 per share in the third quarter of 2006, compared to net loss of $1.0 million or $0.04 per share in the comparable prior year period. The current quarter's net loss of $1.9M included $1.4 million of non-cash debt conversion expense from the 10% subordinated convertible debt.
Net sales for the nine-months ended September 30, 2006 were $9.3 million, an increase of 85% from net sales of $5.0 million in the prior year. The net loss for the nine-month period of 2006 was $3.0 million, or $0.10 per share, compared to a net loss of $3.6 million, or $0.14 per share in the prior year.
MCT's President, Chairman and Chief Executive Officer, Roger E. Gower, commented, "Our third quarter revenue continued to demonstrate the sales strength that was experienced in the previous first two quarters of 2006, by exceeding like quarters of 2005 by over 85%. In addition, bookings continued strong as noted in our recent announcement of a $1.2M, multi-unit order scheduled to be shipped in Q4 of 2006. The 3rd Quarter MCT financial performance was substantially impacted by two major factors: (1) A non-cash debt conversion expense of $1.4M associated with the conversions to stock of over $2.1M of convertible debt and (2) a known low gross margin experience on a key new product installation."
MCT is a leading manufacturer of test handling and automation solutions satisfying the complete range of handling requirements of the global semiconductor industry. MCT has recently introduced several new products under its Smart Solutions(TM) line of automation products, including Tapestry(R), SmartMark(TM), SmartSort(TM), and SmartTrak(TM), which are designed to automate the back-end of the semiconductor manufacturing process. MCT believes it has the largest installed IC test handler base of any manufacturer, with over 11,000 units worldwide. MCT is headquartered in St. Paul, Minnesota, with its core manufacturing operation in Penang, Malaysia. MCT is traded on the OTC Bulletin Board under the symbol MCTI.
For more information on the Company, visit its web site at http://www.mct.com
Except for the historical information contained herein, the matters discussed in this news release are forward looking statements that involve risks and uncertainties, including the timely development and acceptance of new products, the impact of competitive products and pricing, the impact on cash and results of operations from a flattening or renewed downturn in the semiconductor capital equipment market, the need for additional financing, and the other factors detailed from time to time in the Company's SEC reports, including but not limited to the discussion in the Risk Factors and Management's Discussion & Analysis included in Form 10-K for the year ended December 31, 2005 and Form 10-Q for the quarter ended April 1, 2006 and July 1, 2006.
Condensed Consolidated Statements of Operations (Unaudited)
(In thousands, except per share data)
Three months ended Nine months ended
------------------ -----------------
Sep 30, Sep 24, Sep 30, Sep 24,
2006 2005 2006 2005
--------- -------- -------- --------
Net sales $3,279 $1,758 $9,330 $5,040
Cost of sales 1,770 984 4,570 2,910
--------- -------- -------- --------
Gross profit 1,509 774 4,760 2,130
Gross margin 46.0% 44.0% 51.0% 42.3%
Selling, general and
administrative 1,074 945 3,058 3,221
Research and development cost 487 435 1,530 1,514
Restructuring charge 0 40 0 106
--------- -------- -------- --------
Total operating expenses 1,561 1,420 4,588 4,841
Operating income (loss) (52) (646) 172 (2,711)
Interest and other (1,827) (346) (3,113) (890)
--------- -------- -------- --------
Net income (loss) $(1,879) $(992) $(2,955) $(3,601)
========= ======== ======== ========
Net income (loss) per share:
Basic $(0.06) $(0.04) $(0.10) $(0.14)
========= ======== ======== ========
Diluted $(0.06) $(0.04) $(0.10) $(0.14)
========= ======== ======== ========
Weighted average shares
outstanding:
Basic 31,141 26,187 28,619 25,776
========= ======== ======== ========
Diluted 31,141 26,187 28,619 25,776
========= ======== ======== ========
Condensed Consolidated Balance Sheets (Unaudited)
(In thousands)
Sep 30, Dec. 31,
2006 2005
--------- --------
Assets
Current assets
Cash and cash
equivalents $171 $77
Accounts receivable,
net 2,494 1,661
Inventories, net 2,385 2,194
Other current assets 209 169
--------- --------
Total current assets 5,259 4,101
Property, net 108 148
Debt issue costs and other,
net 298 297
--------- --------
Total assets $5,665 $4,546
========= ========
Liabilities and Stockholders'
Deficit
Current liabilities
Accounts payable $350 $425
Bank line of credit 3,393 2,630
Accrued liabilities 1,151 1,101
Current portions of
long-term
obligations 2,054 133
--------- --------
Total current liabilities 6,948 4,289
Long-term debt 3,837 3,683
10% senior subordinated
convertible debt - 3,630
Total stockholders'
deficit (5,120) (7,056)
--------- --------
Total liabilities and
stockholders' deficit $5,665 $4,546
========= ========
SOURCE: Micro Component Technology, Inc.
Micro Component Technology, Inc., St. Paul
Roger E. Gower, President/C.E.O., 651-697-4000
or
Investor Relations:
Michelle Sprunck, 651-697-4026
Copyright Business Wire 2006
MCT to Broadcast 2006 Third Quarter Financial Results Conference Call over the Internet
October 30, 2006 18:04:36 (ET)
ST. PAUL, Minn., Oct 30, 2006 (BUSINESS WIRE) -- Micro Component Technology, Inc. (MCTI, Trade), a leading supplier of semiconductor test handling and automation solutions, announced today that in conjunction with its regularly scheduled 2006 third quarter financial results news release, it plans to Webcast its conference call at 3:30 p.m. (CST) on Wednesday, November 1, 2006.
The conference call will be broadcast live over the Internet. Investors who want to hear the call should log onto Investor Broadcast Networks' Vcall website, located at www.vcall.com at least 15 minutes prior to the event's broadcast. The call will be archived on the website until January 1, 2007.
MCT is a leading manufacturer of test handling and automation solutions satisfying the complete range of handling requirements of the global semiconductor industry. MCT has recently introduced several new products under its Smart Solutions(TM) line of automation products, including Tapestry(R), SmartMark(TM), SmartSort(TM), and SmartTrak(TM), which are designed to automate the back-end of the semiconductor manufacturing process. MCT believes it has the largest installed IC test handler base of any manufacturer, with over 11,000 units worldwide. MCT is headquartered in St. Paul, Minnesota, with its core manufacturing operation in Penang, Malaysia. MCT is traded on the OTC Bulletin Board under the symbol MCTI.
For more information on the Company, visit its web site at http://www.mct.com
Except for the historical information contained herein, the matters discussed in this news release are forward looking statements that involve risks and uncertainties, including the timely development and acceptance of new products, the impact of competitive products and pricing, the impact on cash and results of operations from a flattening or renewed downturn in the semiconductor capital equipment market, the need for additional financing, and the other factors detailed from time to time in the Company's SEC reports, including but not limited to the discussion in the Risk Factors and Management's Discussion & Analysis included in Form 10-K for the year ended December 31, 2005 and Form 10-Q for the quarter ended April 1, 2006 and July 1, 2006.
SOURCE: Micro Component Technology, Inc.
Micro Component Technology, Inc., St. Paul
Roger E. Gower, President/C.E.O., 651-697-4000
or
Investor Relations:
Michelle Sprunck, 651-697-4000
Copyright Business Wire 2006
Nice news (yesterday) MCT New Product Orders
October 26, 2006 11:31:25 (ET)
ST. PAUL, Minn., Oct 26, 2006 (BUSINESS WIRE) -- Micro Component Technology, Inc. (MCTI, Trade) today reported that over the last month MCT has received orders for over $1.3M of various products and services including additional Tri Temp Strip Test Handler products.
MCT's President, Chairman and Chief Executive Officer, Roger E. Gower, commented, "Although there is caution in the air regarding purchase orders for large multiple units, our customers continue to certify our products into their processes, so they can achieve the significant improvements they have already identified in their existing installations."
MCT is a leading manufacturer of test handling and automation solutions satisfying the complete range of handling requirements of the global semiconductor industry. MCT has recently introduced several new products under its Smart Solutions(TM) line of automation products, including Tapestry(R), SmartMark(TM), SmartSort(TM), and SmartTrak(TM), which are designed to automate the back-end of the semiconductor manufacturing process. MCT believes it has the largest installed IC test handler base of any manufacturer, with over 11,000 units worldwide. MCT is headquartered in St. Paul, Minnesota, with its core manufacturing operation in Penang, Malaysia. MCT is traded on the OTC Bulletin Board under the symbol MCTI.
For more information on the Company, visit its web site at http://www.mct.com
Except for the historical information contained herein, the matters discussed in this news release are forward looking statements that involve risks and uncertainties, including the timely development and acceptance of new products, the impact of competitive products and pricing, the impact on cash and results of operations from a flattening or renewed downturn in the semiconductor capital equipment market, the need for additional financing, and the other factors detailed from time to time in the Company's SEC reports, including but not limited to the discussion in the Risk Factors and Management's Discussion & Analysis included in Form 10-K for the year ended December 31, 2005 and Form 10-Q for the quarter ended April 1, 2006 and July 1, 2006.
SOURCE: Micro Component Technology, Inc.
Micro Component Technology, Inc., St. Paul
Roger E. Gower, President/C.E.O., 651-697-4000
or
Investor Relations:
Michelle Sprunck, 651-697-4026
Copyright Business Wire 2006
MCT Receives over $1.2M Multiple Unit Order
September 14, 2006 09:20:12 (ET)
ST. PAUL, Minn., Sep 14, 2006 (BUSINESS WIRE) -- Micro Component Technology, Inc. (MCTI, Trade), announced that it has received another multiple unit order for its Tapestry Strip Modules in excess of $1.2M. Shipments are expected to occur within the fourth quarter 2006.
MCT's Chief Executive Officer, Roger E. Gower, commented, "This order was very significant as it (including previous and recent orders) represents a total of eight units of our latest new Tri Temperature Strip Handlers to be ordered since we introduced the product in June of 2006. It appears that it's reliability plus many special features are providing our customers with solutions to meet their rapidly increasing changes in market requirements."
MCT is a leading manufacturer of test handling and automation solutions satisfying the complete range of handling requirements of the global semiconductor industry. MCT has recently introduced several new products under its Smart Solutions(TM) line of automation products, including Tapestry(R), SmartMark(TM), SmartSort(TM), and SmartTrak(TM), which are designed to automate the back-end of the semiconductor manufacturing process. MCT believes it has the largest installed IC test handler base of any manufacturer, with over 11,000 units worldwide. MCT is headquartered in St. Paul, Minnesota, with its core manufacturing operation in Penang, Malaysia. MCT is traded on the OTC Bulletin Board under the symbol MCTI.
For more information on the Company, visit its web site at http://www.mct.com
Except for the historical information contained herein, the matters discussed in this news release are forward looking statements that involve risks and uncertainties, including the timely development and acceptance of new products, the impact of competitive products and pricing, the impact on cash and results of operations from a flattening or renewed downturn in the semiconductor capital equipment market, the need for additional financing, and the other factors detailed from time to time in the Company's SEC reports, including but not limited to the discussion in the Risk Factors and Management's Discussion & Analysis included in Form 10-K for the year ended December 31, 2005 and Form 10-Q for the quarter ended April 1, 2006 and July 1, 2006
SOURCE: Micro Component Technology, Inc.
Micro Component Technology, Inc., St. Paul
Roger E. Gower, 651-697-4000
or
Michelle Sprunck, 651-697-4000
Copyright Business Wire 2006
MCT Second Quarter Profitable Sales up 178% over Q2 2005
Aug 2, 2006 16:01:29 (ET)
ST. PAUL, Minn., Aug 02, 2006 (BUSINESS WIRE) -- Micro Component Technology, Inc. (MCTI, Trade ) today reported profitable results for its second quarter ended July 1, 2006. Net sales for the second quarter of 2006 were $3.7 million, an increase of 178% from net sales of $1.3 million for the second quarter of 2005, and additionally up 55% from the first quarter of 2006. Net income was $7,000, or $0.0 per share in the second quarter of 2006, compared to net loss of $1.6 million or $0.06 per share in the comparable prior year period.
Net sales for the six-months ended July 1, 2006 were $6.1 million, an increase of 84.4% from net sales of $3.3 million in the prior year. The net loss for the six-month period of 2006 was $1.1 million, or $0.04 per share, compared to a net loss of $2.6 million, or $0.10 per share in the prior year.
MCT's President, Chairman and Chief Executive Officer, Roger E. Gower, commented, "This quarter was a significant achievement for all of the MCT employees worldwide. We not only shipped twice as many systems in Q2 as in Q1 of 2006 but also received orders within Q2 that exceeded the Q2 shipments. It appears that this growth is not only associated with the increased capacity requirements of our marketplace, but also from existing customers who have identified the cost savings associated with strip test solutions and are now replacing existing capacity to allow them to further reduce their cost of test. Our commitment to rapid product development over the past 10 years appears to be achieving its goals as desired," concluded Gower.
MCT is a leading manufacturer of test handling and automation solutions satisfying the complete range of handling requirements of the global semiconductor industry. MCT has recently introduced several new products under its Smart Solutions(TM) line of automation products, including Tapestry(R), SmartMark(TM), SmartSort(TM), and SmartTrak(TM), which are designed to automate the back-end of the semiconductor manufacturing process. MCT believes it has the largest installed IC test handler base of any manufacturer, with over 11,000 units worldwide. MCT is headquartered in St. Paul, Minnesota, with its core manufacturing operation in Penang, Malaysia. MCT is traded on the OTC Bulletin Board under the symbol MCTI.
For more information on the Company, visit its web site at http://www.mct.com
Except for the historical information contained herein, the matters discussed in this news release are forward looking statements that involve risks and uncertainties, including the timely development and acceptance of new products, the impact of competitive products and pricing, the impact on cash and results of operations from a flattening or renewed downturn in the semiconductor capital equipment market, the need for additional financing, and the other factors detailed from time to time in the Company's SEC reports, including but not limited to the discussion in the Risk Factors and Management's Discussion & Analysis included in Form 10-K for the year ended December 31, 2005 and Form 10-Q for the quarter ended April 1, 2006.
Condensed Consolidated Statements of Operations (Unaudited)
(In thousands, except per share data)
Three months ended Six months ended
------------------ ----------------
July 1, June 25, July 1, June 25,
2006 2005 2006 2005
------- -------- -------- --------
Net sales $3,676 $1,322 $6,051 $3,282
Cost of sales 1,619 869 2,799 1,926
------- -------- -------- --------
Gross profit 2,057 453 3,252 1,356
Gross margin 56.0% 34.3% 53.7% 41.3%
Selling, general and administrative 1,038 1,145 1,985 2,276
Research and development cost 525 491 1,043 1,079
Restructuring charge - 66 - 66
------- -------- -------- --------
Total operating expenses 1,563 1,702 3,028 3,421
Operating income (loss) 494 (1,249) 224 (2,065)
Interest and other (487) (307) (1,300) (544)
------- -------- -------- --------
Net income (loss) $7 $(1,556) $(1,076) $(2,609)
======= ======== ======== ========
Net income (loss) per share:
Basic $0.00 $(0.06) $(0.04) $(0.10)
======= ======== ======== ========
Diluted $0.00 $(0.06) $(0.04) $(0.10)
======= ======== ======== ========
Weighted average shares outstanding:
Basic 27,490 25,567 27,357 25,567
======= ======== ======== ========
Diluted 27,490 25,567 27,357 25,567
======= ======== ======== ========
Condensed Consolidated Balance Sheets (Unaudited)
(In thousands)
July 1, Dec. 31,
2006 2005
------- --------
Assets
Current assets
Cash and cash equivalents $1,425 $77
Accounts receivable, net 2,315 1,661
Inventories, net 2,608 2,194
Other current assets 216 169
------- --------
Total current assets 6,564 4,101
Property, net 115 148
Debt issue costs and other, net 348 297
------- --------
Total assets $7,027 $4,546
======= ========
Liabilities and Stockholders'
Deficit
Current liabilities
Accounts payable $829 $425
Bank line of credit 3,590 2,630
Accrued liabilities 1,550 1,101
Current portions of long-term
obligations 4,017 133
------- --------
Total current liabilities 9,986 4,289
Long-term debt 4,053 3,683
10% senior subordinated
convertible debt - 3,630
Total stockholders' deficit (7,012) (7,056)
------- --------
Total liabilities and
stockholders' deficit $7,027 $4,546
======= ========
SOURCE: Micro Component Technology, Inc.
Micro Component Technology, Inc., St. Paul
Roger E. Gower, 651-697-4000
or
Investor Relations:
Michelle Sprunck, 651-697-4026
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Micro Component Technology, Inc.
2340 West County Road C
St. Paul, MN 55113-2528
MCT is a leading supplier of integrated automation solutions for the global semiconductor test and assembly industry. MCT offers complete and comprehensive equipment automation solutions for the test, laser mark handling equipment, mark inspect, singulation, sort, and packaging for shipment portions of the back-end of the semiconductor manufacturing process that significantly improve our customers' productivity, yield and throughput. Our solutions include our series of integrated Smart Solutions, automated test handlers, factory automation software and equipment integration services.
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