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StockerYale to Present at the Noble Financial Two Double-0-Seven Small Cap Conference/Micro Cap Symposium
Wednesday August 8, 11:32 am ET
SALEM, N.H.--(BUSINESS WIRE)--StockerYale, Inc. (Nasdaq: STKR - News), a leading designer and manufacturer of structured light lasers, LED modules and specialty optical fibers for industry leading OEMs, will present at the Noble Financial Two Double-0-Seven Small Cap Conference/Micro Cap Symposium Conference being held August 20 and 21, 2007 at the Charleston Place Hotel in Charleston, South Carolina.
StockerYale Chairman and Chief Executive Officer Mark W. Blodgett will present at 12:00 PM ET on Tuesday, August 21st. A live and archived audio webcast of the breakout session will be available on the StockerYale website at www.stockeryale.com under Investor Relations: Investor Conference. The webcast archive will be available for 90 days.
The Noble Financial Small Cap and Micro Cap Symposium will feature presentations by approximately 120 public company executive teams and investment opportunities.
Lewis Asset Management buys 84,000 shares
Blodgett sells another 20K
links below
http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?FilingID=5337588&Type=HTML
http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?FilingID=5342498&Type=HTML
whereareyou b9? nothing from for awhile now. we need your insight to provide a bit of moral support now!
yes, catfish, I am there, and post occasionally (benignFe02 over there) but there are lots of other companies discussed and also, sometimes, people do not like to hear critical views. I figure a board devoted solely to STKR is a place to air it all out. Hope you continue to contribute. Your insight is appreciated on both boards.
regards,
b9
Do you people ever check the Microcap Kitchen thread over on SI? STRK is one of the stocks that we discuss there.
http://siliconinvestor.advfn.com/subject.aspx?subjectid=50570
I thought I said quite a bit, actually.
b9, you areso quiet. What'sup?
yeah, grizz
disappointing results from Photonics subsid.
I had a feeling the integration would be bumpy - they often are.
in order to meet projected revenue of 30-34 million for the year they need to generate a minimum of $8 mil per Q in revenue for the next two quarters. Can they do it? Do I stick around to find out?
CC gave enough rope with which to hang oneself. LOL
~b9
CC notes
steps to address PHOTONICS disappointments...
LEDs
+14% Q/Q, 43% y/y
Linescan mkt "key growth market" for COBRA LED tech
New customer in Agilent Technologies and others
2 new sales agents hired
Lasers
aggressively targeting biomedical companies, many orders placed.
strong margins, should help 2nd half of year
80% R&D performed in Montreal unit, hired new manager of R&D there, will hire new people there with grant from Canadian govt.
Photonics Products
3 new products - well accepted at laser show
certain key orders were delayed
"distraction" of completing the transaction of Photonics...
Sales, Operations, Management areas for improvement
boosting sales reps
Operations - faster prototypes to customers
Management - hired several key people, finance control is one
large orders in
Automotive
Food Products
booking trends better than last quarter
SOF revs increased 20% y/y, 10% q/q
medical equip #1 rev generator (a "significant shift")
telecom is #2
"seeing fruits of our labor..."
Defense may become #2 generator 2nd half 2007
- several well known Defense Mfrs and Agencies
- Significant defense order should be shippable by end of this year, very high gross margins
- "a growth driver"
fiber business accelerating, see high margin business growth
217 employees, up from 204 in March, increases in Sales and Engineering
$700K increase in financing expense
scaling up from R&D production to commercial production on FlatTop generators. Product is being accepted by customers "faster than any other StockerYale product"
LEDs
relative to plan is best performing business in the quarter, revs exceeded plan by 30%, hired 2 senior sales people, one US, one European
going after linescan market - flat panel glass inspection, automotive, etc.
standardized what once was a custom product, think it will keep growing.
only two questions from callers on the conf. call
~b9
Unbelievable. 15 PRs about stock bonus to management led me to think we were on our way. I don't think they want to show a profit.
it is possible that STKR deserves a higher price based on two quarters of $7 million in revenues, but still need to show growth.
StockerYale reiterates full year 2007 outlook for annual revenue in the range of $30 to $34 million, gross margin in the range of 37% to 42% and positive EBITDA for the year ending December 31, 2007.
doggpound
What do you think this will do to stock price?
We will know when trading resumes, wont we?
looks like integration of Photonics isn't going so smoothly.
Bright spot is LED sales up 43%, and this could keep going up.
Also, sales of Specialty Optical Fiber (SOF) a very high margin part of the business, is going well.
I am beginning to suspect that on a financial basis this management group can't run the business effectively. Perhaps STKR is a buyout target if they can show a profit, but they took a step back with today's report, IMO.
What do you think this will do to stock price?
StockerYale Announces Second Quarter 2007 Financial Results
Wednesday July 25, 4:01 pm ET
Quarterly Revenues Increase 53% Year-Over-Year
SALEM, N.H.--(BUSINESS WIRE)--StockerYale, Inc. (NASDAQ: STKR - News), a leading independent provider of photonics-based products, today announced its financial results for the second quarter ended June 30, 2007. The results include Photonic Products Ltd from the Company's acquisition date of October 31, 2006.
Second Quarter 2007 Financial and Business Highlights
* Revenues increased 53% over the second quarter of 2006 to $7.0 million.
* Specialty optical fiber and LED sales increased 20% and 43% over second quarter 2006, respectively.
* Medical equipment applications represented the top revenue generator for specialty optical fiber (SOF) in the first half of 2007. Medical represented 30% and telecom 21% of SOF revenues in the first half of 2007.
* Multiple significant SOF OEM contracts were established with leading medical equipment and defense manufacturers during the second quarter of 2007.
* Favorable market acceptance of the Lasiris(TM) PowerLine and PureBeam lasers and the patent pending FlatTop2, is expected to drive revenue in the second half of 2007.
* Three new products were launched by the Company's U.K.-based laser diode manufacturing business Photonic Products Ltd. at the LASER 2007, World of Photonics exhibition in Munich, Germany held June 18 - 21.
* A new Director of Research & Development joined StockerYale's laser business unit with more than 15 years in R&D leadership and product engineering experience, including a strong background in photonics.
* Actions underway to strengthen management, design engineering and sales efforts at Photonic Products to improve operational performance.
"We continued to experience significant new product acceptance during the second quarter, particularly for our newly introduced Lasiris laser and specialty optical fiber products," said Mark W. Blodgett, Chairman and Chief Executive Officer. "Customer response has been excellent and we have recently received a number of orders from well-known medical and biomedical equipment manufacturers and defense OEMs. Bookings and backlog as of June 30th show strong overall momentum going into the second half of the year."
"Despite continued investments in product development and IT and expenditures related to Sarbanes-Oxley compliance, we have been able to hold the line on operating expenses. Moving forward, we are taking steps to increase sales efforts and improve operational efficiencies at our Photonic Products division, which underperformed and significantly detracted from the overall Company performance during the quarter," said Blodgett. "In conclusion, I am particularly pleased with progress at our LED and SOF business units, as well as the initial sales of our new Lasiris laser products."
Second Quarter 2007 Financial Results
Net sales totaled $7.0 million for the second quarter of 2007, a 53% increase over $4.6 million for the second quarter of 2006, and a 7% decline compared with $7.5 million for the first quarter of 2007. Photonic Products revenue was 31% of total revenue for the second quarter of 2007. LED revenues increased 43% year-over-year and 14% quarter-over-quarter, laser and associated diode revenue increased 80% year-over-year but declined 10% quarter-over-quarter due to lower Photonic Product sales. Specialty optical fiber revenues increased 20% year-over-year and 10% quarter-over-quarter.
Bookings for the second quarter of 2007 were $6.9 million and backlog was $9.9 million at June 30, 2007.
Gross profit was $2.3 million for the second quarter of 2007, an increase of 33% from $1.7 million for the second quarter of 2006, and a decrease of 11% from $2.6 million in the first quarter of 2007. Gross margin declined to 33% for the second quarter of 2007 compared with 38% for the second quarter of 2006 and 34% for the first quarter of 2007. The gross margin decline from the year-ago period reflects the addition of Photonic Products' mix of distributed and manufactured products and associated overhead expense. The quarter-over-quarter decline in gross margin reflects lower revenue from Photonic Products and a lower margin mix of distributed versus manufactured products.
Operating expenses increased 41% year-over-year to $3.6 million for the second quarter of 2007, approximately flat compared to the first quarter of 2007. The year-over-year increase was primarily due to additional operating expenses and non-cash amortization of intangible assets related to Photonic Products. Research and development expenses were $0.8 million for the second quarter of 2007 or 12% of revenues. R&D spending increased $110,000 year over year and $44,000 quarter over quarter. Selling, general and administrative expense totaled $2.8 million or 40% of revenues for the second quarter of 2007.
Operating loss was $1.3 million for the second quarter of 2007 compared with operating losses of $0.8 million for the second quarter of 2006 and $1.0 million for the first quarter of 2007, of which $0.2 million was due to non-cash amortization of intangible assets.
EBITDA loss increased to $0.4 million for the second quarter of 2007 compared to EBITDA losses of $0.2 million for the second quarter of 2006 and $0.1 million for the first quarter of 2007.
Other expenses, which include primarily non-cash debt expense and interest expense, increased by $0.7 million, or 260%, for the second quarter of 2007. Net loss including discontinued operations was $2.1 million or $(0.06) per share for the second quarter of 2007 compared with $1.1 million or ($0.04) per share for the second quarter of 2006 and $1.6 million or ($0.05) per share for the first quarter of 2007.
StockerYale reiterates full year 2007 outlook for annual revenue in the range of $30 to $34 million, gross margin in the range of 37% to 42% and positive EBITDA for the year ending December 31, 2007.
Conference Call and Webcast
Management will conduct a conference call with simultaneous webcast today at 5:00 p.m. Eastern Time to discuss second quarter 2007 financial results and comment on business trends.
Interested parties may participate in the live conference call by dialing 866-250-3615 (international dial-in 303-262-2004). No passcode is required for the call. A live webcast of the conference call may be accessed by visiting the StockerYale website at www.stockeryale.com under Investor Relations: Earnings Conference Call.
A telephonic replay of the conference call will be available through August 1, 2007 by dialing 800-405-2236 (international dial-in 303-590-3000) and entering passcode 11093741#. The webcast will be archived on the Company's web site for one year.
Use of Non-GAAP Financial Measures
The Company provides non-GAAP financial measures, such as EBITDA, to complement its consolidated financial statements presented in accordance with GAAP. Non-GAAP financial measures do not have any standardized definition and, therefore, are unlikely to be comparable to similar measures presented by other reporting companies. These non-GAAP financial measures are intended to supplement the user's overall understanding of the Company's current financial and operating performance and its prospects for the future. Specifically, the Company believes the non-GAAP results provide useful information to both management and investors by identifying certain expenses, gains and losses that, when excluded from the GAAP results, may provide additional understanding of the Company's core operating results or business performance, which management uses to evaluate financial performance for purposes of planning for future periods. However, these non-GAAP financial measures are not intended to supersede or replace the Company's GAAP results.
The company uses EBITDA (earnings before interest, taxes, depreciation and amortization) as a non-GAAP financial measure in this press release. A reconciliation of EBITDA to the operating loss before discontinued operations for the second quarter of 2007 is as follows:
Three Months Ended
June 30,
2007 2006
-------------------
Net Loss $ (2,149) $ (1,054)
Income from discontinued operations (43) (24)
Plus
Interest expense (net) 393 114
Depreciation 481 465
Intangible asset amortization 310 80
Stock based compensation 104 75
Taxes (53) -
Warrant and debt amortization 555 145
-------------------
EBITDA Loss $ (402) $ (199)
-------------------
Consolidated Statements of Operations
($ In thousands except share and per share data)
Three Months Ended
June 30,
2007 2006
------------ ------------
Net Sales $ 6,950 $ 4,553
Cost of Sales 4,658 2,826
------------ ------------
Gross Profit 2,292 1,727
------------ ------------
Research & Development Expenses 814 704
Selling, General & Administrative Expenses 2,465 1,762
Amortization of Intangible Assets 310 80
------------ ------------
Operating Loss (1,297) (819)
------------ ------------
Interest & Other (Income)/Expense 105 (45)
Amortization of Debt Discount & Financing
Costs 555 145
Interest Expense 288 159
------------ ------------
Loss before taxes from Continuing Operations (2,245) (1,078)
Tax benefit (53) -
------------ ------------
Net Loss from Continuing Operations (2,192) (1,078)
Income from Discontinued Operations 43 24
------------ ------------
Net Loss $ (2,149) $ (1,054)
============ ============
Loss Per Share from Continuing Operations ($0.06) ($0.04)
Loss Per Share from Discontinued Operations ($0.00) ($0.00)
------------ ------------
Net Loss Per Share ($0.06) ($0.04)
------------ ------------
Weighted Average Shares Outstanding 34,265,521 28,734,065
Consolidated Condensed Balance Sheets
ASSETS June 30, 2007 December 31, 2006
------------- ------------------
Current Assets $ 11,031 $ 9,832
Property, Plant & Equipment, Net 10,785 11,255
Other Assets 13,320 13,892
------------- ------------------
Total Assets $ 35,136 $ 34,979
============= ==================
LIABILITIES AND STOCKHOLDERS EQUITY
Current Liabilities $ 10,282 $ 8,541
Long Term Debt 8,508 9,512
Long Term Lease and Other Liabilities 4,322 4,736
Stockholders Equity 12,024 12,190
------------- ------------------
Total Liabilities & Stockholders
Equity $ 35,136 $ 34,979
============= ==================
ABOUT STOCKERYALE
StockerYale, Inc., headquartered in Salem, New Hampshire, is an independent designer and manufacturer of structured light lasers, LED modules, and specialty optical fibers for industry leading OEMs. In addition, the company manufactures fluorescent lighting products and phase masks. The Company serves a wide range of markets including the machine vision, industrial inspection, defense, telecommunication, sensors, and medical markets. StockerYale has offices and subsidiaries in the U.S., Canada, and Europe. For more information about StockerYale and their innovative products, visit the Company's web site at www.stockeryale.com.
I have only owned the stock for @ 3 months, so I don't really know alot about those misdoings. I thought it looked like a buy at @mid $1.40's, I guess i will find out soon enough.
Are you in it for long haul or quick hit. I'd like to keep it for the long haul meaning few years or more, as long as #'s look good. looking forward to tomorrow night.
another thing...for the life of me I do not understand why it is not above $1.75 right now, unless they are still being penalized for the PR shenanigans of 2004 and Blodgett's stock sales. Stock is trading at 30% discount to NAV but they have to show they can turn a profit. Lord knows they are trying. Hoping Q2 #s keep them in a positive direction, and I would be very surprised if it is otherwise.
JMHO
GLTY
dogg
I'd like to see -0- to positive EBITDA for the Q
I'd like to see $8 mil or more in revenue, or 7% sequential incr.
I'd like to see $3 mil or more gross profit
I'd like them to reign in operating expenses a bit better
looking to see how the new products just introduced
are being accepted in the marketplace.
how is financing of debt on purchase of Photonics hitting the #s
guidance
~b9
Hey B9 I noticed the wrestle guy using your posts on yahoo.
Whats the saying, "imitating is the highest form of flattery"
something like that.
Whats your thoughts on Wed night for earnings, good , bad or indifferent.
Obviously, I'm looking for anything positive or at least news that will make the stock hover @$1.75 until next quarter.
glad to see it, thanks.
BUYINS.NET: NCTY, NETL, RACK, STKR, XFML, AVTI Have Also Been Removed From Naked Short List Today
09:21 a.m. 07/24/2007 Provided by
Jul 24, 2007 (M2 PRESSWIRE via COMTEX) -- BUYINS.NET, www.buyins.net, announced today that these select companies have been removed from the NASDAQ, AMEX and NYSE naked short threshold list: The9 Ltd. (NCTY), NetLogic Microsystems Inc. (NETL), Rackable Systems Inc. (RACK), StockerYale Inc. (STKR), Xinhua Finance Media Ltd. (XFML), Avitar Inc. (AVTI) . For a complete list of companies on the naked short list please visit our web site. To find the SqueezeTrigger Price before a short squeeze starts in any stock, go to www.buyins.net .
new institutional investors on board:
VAN WAGONER CAPITAL 6/30/2007 156,250 shares New $223,000
from Van Wagonner's latest Blog Entry
July 10, 2007
Now we’re in the summer season –what is the outlook for technology?
We’re getting more and more encouraged. As we’ve said in the last couple of commentaries, we’re starting to see some real strength in our market places and some of our companies after a weak start to the year.We think we’ll continue to hear about strengths in some of our favorite companies for the remainder of the year. Although the summer is a bit slow and the first half of the year was really slow, company expectations areso reasonable right now that we think expectations will begin to rise in the second half of the year.. We‘re finally coming into a good time of the year and a good time in the product cycle and we hope to see our portfolio to do quite nicely, frankly.
http://www.vanwagoner.com/pdf/jul10.pdf
Investors should consider the investment objectives, risks, charges and expenses of the Van Wagoner Funds carefully before investing. Please call 1-800-228-2121 for a prospectus which contains this and other information about the Funds. Read it carefully before you invest.
Small and mid-size company stocks are generally riskier than large company stocks due to greater volatility and less liquidity.
Van Wagoner Funds are distributed by PFPC Distributors, Inc.
Created in 1992, Contracts is the oldest of the modules contained in the Defense/Aerospace Competitive Intelligence Service (DACIS). The Contracts module contains the contracts information which forms the foundation of the DACIS service.
AN/ALQ-212 (ATIRCM)/ AN/AAR-57 (CMWS) - lasers | Prime(s): StockerYale, Inc. (Salem, NH)
http://www.dacis.com/About/programslista.lasso?-session=IBP_MainSite:42F941110f42b0629FYjx379C48D
BAE Systems Receives Army Contracts To Prepare Countermeasures System For Test And Evaluation
7/9/2007
http://www.photonicsonline.com/content/news/article.asp?DocID=%7BCAAE897D-636D-4D28-BFEE-163E8238D9B...
ATIRCM/CMWS is a multi-band, laser-based countermeasures system that protects aircraft against widely deployed heat-seeking missiles. The combined ATIRCM/CMWS suite evaluates the entire threat environment and selects the appropriate response to counter specific missile threats using an array of countermeasures.
The question is, does Stockeryale manufacture and sell multi-band lasers to BAE, or was Stockeryale only making the infrared jam laser that is being phased out? I am betting they are still with the program and are making multi-band lasers.
JMHO
STKR: Volume Spike; 74% > 20-adsv, Stock +0.70%
Monday , July 23, 2007 11:10ET
This is the 2nd VOLUME alert for STKR in the past 7 calendar days.
Trading for StockerYale, Inc. (NASDAQ NM: STKR) has been heavier than usual in today's session. By 11:10 ET, the stock had already traded 67,400 shares via 74 trades. The cumulative volume is 73.83% above its 20-day average of 38,773. Normally the stock experiences around 84 individual trades per session.
So far, today's volume surge has caused a net rise in STKR's stock price. At the time of this alert, the stock was trading at $1.440, up $0.010 (+0.70%).
One year ago, the Company's shares closed at $1.000. The price has gained more than 43 percent since then.
Over the last 10 trading session STKR has traded in a range between $1.311 and $1.500 and is currently trading 24.21% below its 52-week high of $1.900 set on February 23,2007 and 77.78% above its 52-week low of $0.810 from August 24,2006.
In the previous 3 sessions, STKR trading has displayed a mixed trend. Closing results have been as follows:
July 20, 2007 --- closed at $1.430 up $0.070 (+5.15%) on 117,000 shares
July 19, 2007 --- closed at $1.360 down $0.020 (-1.45%) on 21,950 shares
July 18, 2007 --- closed at $1.380 up $0.040 (+2.99%) on 19,830 shares
STKR surpassed the 20-Day Average Volume in the first 15 minutes of trading today. 40,000 1.40x1.43
20-Day Average Volume - 38,760
TA
(see link below)
http://www.stockta.com/cgi-bin/analysis.pl?symb=STKR&num1=1&cobrand=&mode=stock
STKR: Shares Could See Speculative Buying on Rocket Launcher Find
Friday , July 20, 2007 17:33ET
Friday’s session saw a sharp pullback as Google, Caterpillar, and Microsoft reported results that were short of expectations. Subprime worries were also resurfacing as the S&P downgraded more mortgage backed securities while Bernanke warned of $100 billion in losses from the defaults.
In the global spectrum, China hiked interest rates by .27% following the countries estimates that its economy grew by 11.9% in the second quarter. Rumors were also rampant of security issues that could have caused more worry about the overall economy. Trouble with North Korea, problems in the Port of LA and the United Kingdom scrambling jets were all subjects of speculation throughout the day. Then a news story surfaced of a Jersey City resident discovering a rocket launcher on the front lawn in the early morning. The resident lives in the flight path of the Newark airport.
With recent talk of past leaders in the security areas noting that another attack was not probable but imminent, speculative security names may be back in the good graces of traders in the very near future.
Along the lines of missiles and counter measures against them, one small cap name was associated with the industry. StockerYale Inc. (STKR) is an independent designer and manufacturer of structured light lasers, LED modules, and fluorescent lighting products, as well as specialty optical fibers and phase masks for industry-leading original equipment manufacturers OEMs.
In a press release from April of 2004, the Company announced that it had received a noteworthy order from BAE SYSTEMS to supply lasers that are integral to an airborne military missile defense system. The Company's specialized lasers were part of the Advanced Threat Infrared Countermeasure (ATIRCM) system, which is the next-generation countermeasure system designed to protect military aircraft from infrared-guided missiles. They also announced that they were developing a customized laser for the development of a missile countermeasure system for commercial planes under a recent contract received from the Nashua, N.H.-based Information & Electronic Warfare Systems (IEWS) business unit of BAE.
Two days after the initial press release, the Company released an additional release providing additional information regarding the orders. Shares spiked to all time highs while the CEO sold a large portion of his holdings for a tidy profit.
The move came under intense scrutiny and was investigated by the SEC with an initial Wells Notice and subsequent agreement that the CEO would return the ill gotten gains and pay a penalty for falsely implying that the laser contract was part of a project with the Department of Homeland Security and would have uses on commercial aircraft.
In June 2007, the Company’s insurance carrier resolved the issue with shareholders who bought shares in the BAE order related spike, paying some $3.4 million to settle the class action suit against the Company.
In any event, the Homeland Security sector has been very speculative over the past weeks and even though the Company has moved past the press release which caused SEC reaction, the name could still be brought to the table when talk surrounding missiles and rocket launcher counter measures occurs. While the Company has restructured its operations and has been feverously attempting to become profitable, the BAE order release still lingers and should be watched for speculative activity due to recent news surrounding the rocket launcher find in the flight path of aircrafts. Investors would be wise to watch.
http://www.knobias.com/story.htm?eid=3.1.36162e9e09c050d9140fe0ced96f8aa9b8062408c379bfbdfba2e4eb1af....
I do not expect them to show a profit. I would be pleased if the loss/share is narrowed. It depends on expenses from Photonics acquisition and costs to meet new demand. Guidance will be key. Today's move up was a good sign.
the weekly chart is set up for a turn:
http://stockcharts.com/h-sc/ui?s=stkr&p=W&yr=3&mn=0&dy=0&id=p74314252752
daily chart also looking better:
http://stockcharts.com/c-sc/sc?s=stkr&p=D&yr=0&mn=6&dy=0&i=p36938099721&a=94...
have a good weekend.
I like the volume. Hopefully we get close to being in the black this quarter or at least in the right direction. If they show profit what do you think price will go to?
strange trading today. Good upticks on vol, then it drops. From 1.41 to 1.33 on 500 shares. Hmmm....I think shorts may be trying to cover before earnings. JMHO.
a good indicator, and bravo for pursuing a claim against the practitioners of Naked Shorting:
FYI(OSTK) 19.75 +0.15 :
Co announces a favorable ruling in the lawsuit pending in the Superior Court of California, County of San Francisco against most of the largest prime brokerage firms in the country. On July 17, 2007, Judge John Munter of the California Superior Court for the City and County of San Francisco ruled that Overstock and it co-plaintiffs have stated viable claims for market manipulation under California securities law, for common law claims for conversion and trespass to chattels, as well as for injunctive relief under California's Unfair Business Practices Act against the defendant prime brokerage firms based on those defendants allegedly executing naked short sales of the stock of Overstock with the intent of manipulating the market price for the shares of those companies' stocks.
In addition, the Court granted Overstock leave to amend other of their claims for restitution under the Unfair Business Practices Act and for the common law claim of interference with advantage, to more specifically plead the factual basis of these claims.
Patrick Byrne, Overstock Chairman and Chief Executive Officer, "I was reminded on Abraham Lincoln's favorite joke: 'If you call a tail a leg, how many legs does a dog have?' 'Five?' 'No, four -- because calling a tail a leg doesn't make it a leg.'
Defendants create phantom shares by facilitating naked short selling and other types of trades which result in failures-to-deliver. This is manipulative and illegal -- regardless of what the industry's all-too-cozy regulatory agency says. The battle to clean up Wall Street is only going to be won when it is brought to a jury of 12 Americans. Today was a giant step towards that goal." The co is seeking damages of $3.48 bln.
http://biz.yahoo.com/prnews/070718/law077.html?.v=101
et tu, STKR?
StockerYale to Report Second Quarter 2007 Financial Results on July 25
Monday , July 16, 2007 16:01ET
SALEM, N.H., Jul 16, 2007 (BUSINESS WIRE) -- StockerYale, Inc. (NASDAQ:STKR), a leading designer and manufacturer of structured light lasers, LED modules and specialty optical fibers for industry OEMs, will report its financial results for the second quarter ended June 30, 2007 after the market closes on Wednesday, July 25, 2007. Following the press release, management will conduct a conference call with simultaneous webcast at 5:00 p.m. Eastern Time. Chairman and Chief Executive Officer Mark Blodgett and Chief Financial Officer Marianne Molleur will discuss the quarterly results and comment on business trends.
Interested parties may participate in the live conference call by dialing 866-250-3615 (international dial-in 303-262-2004). No passcode is required for the call. A live webcast of the conference call may be accessed by visiting the Investor Relations: Earnings Conference Call section of the StockerYale website at www.stockeryale.com.
A telephonic replay of the conference call will be available through August 1, 2007 by dialing 800-405-2236 (international dial-in 303-590-3000) and entering passcode 11093741#. The webcast will be archived on the Company's web site for one year.
About StockerYale, Inc.
StockerYale, Inc., headquartered in Salem, New Hampshire, is an independent designer and manufacturer of structured light lasers, LED modules, and specialty optical fibers for industry leading OEMs. In addition, the company manufactures fluorescent lighting products and phase masks. The Company serves a wide range of markets including the machine vision, industrial inspection, defense, telecommunication, sensors, and medical markets. StockerYale has offices and subsidiaries in the U.S., Canada, and Europe. For more information about StockerYale and their innovative products, visit the Company's web site at www.stockeryale.com
SOURCE: StockerYale
Form 4: Update Filing for StockerYale Inc (STKR)
8:30 p.m. 07/11/2007 Provided by
Jul 11, 2007 (Vickers Stock Research via COMTEX) -- Document Processing Date: July 10, 2007
Stock Name: StockerYale Inc Stock CUSIP: 86126T203
Filer: EMPIRE CAPITAL MANAGEM Position:
Stock Symbol: STKR Exchange: NASDAQ Stock Type: COM
Transaction period: July 02, 2007 Trade amount: 606992 shares Trade type: Private Buy Trade price range: $.900
Shares still held: 5064544 shares Own Type: Indirect
Corporate Announcement: StockerYale Inc.
Wednesday, July 11, 2007 17:47ET
Jul 11, 2007 (Wall Street Horizon via COMTEX) -- Earnings Quarter: Q2
Next Earnings Date: 7/26/2007
Announcement Status: Unconfirmed
Announcement Time: After Market
Date Q1: 4/26/2007
Date Q2: 7/26/2007
Date Q3: 11/2/2006
Date Q4: 2/15/2007
Last Confirmation Date: 7/10/2007
http://www.knobias.com/story.htm?eid=3.1.870b6996779345e6a45e91d8f54dd5db539b405f002ba1548407c5d9280...
oops... STKR hits the Naked Short List.
with only a few thousand shares traded daily and
a short position of 30,000, this isn't too terrible,
but still...
http://www.knobias.com/story.htm?eid=3.1.54a8592872d49150c4bdb26073132939b6aa6c536d1f7ec8864d147a6ee...
also, Lewis Asset Management bought a few shares
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=5044949
"Upon satisfaction and achievement of EBITDA and cash flow targets...based on the financial results of the target period..."
can we deduce from this that they hit or exceeded guidance for Q2? seems likely.
Form 8-K for STOCKERYALE INC
6-Jul-2007
Change in Directors or Principal Officers, Financial Statements and Exhibits
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(e) On June 30, 2007, the Governance, Nominating and Compensation Committee (the "GNC Committee") of the Board of Directors of StockerYale, Inc. ("StockerYale") approved the StockerYale, Inc. Management Incentive Plan (the "Plan"). The Plan is designed to recognize and reward the achievement of financial, business and management goals that are essential to the success of StockerYale and its subsidiaries. The Plan and all grants and awards made under the Plan shall be pursuant to StockerYale's 2007 Stock Incentive Plan. The Plan covers certain executive and senior employees of StockerYale, as determined by the GNC Committee.
Upon satisfaction and achievement of EBITDA and cash flow targets, as determined by the Board of Directors or the GNC Committee based on the financial results of the target period, each participant shall receive a grant of fully-vested restricted shares of the common stock, $.001 par value per share (the "Common Stock"), of StockerYale. Mark Blodgett, StockerYale's Chairman, President and Chief Executive Officer, is eligible to receive up to 1,012,000 shares of StockerYale's Common Stock under the Plan. Marianne Molleur, StockerYale's Senior Vice President and Chief Financial Officer, is eligible to receive up to 392,000 shares of StockerYale's Common Stock under the Plan.
The foregoing description of the Plan does not purport to be complete and is qualified in its entirety by reference to the full text of such agreement, which is filed as an exhibit hereto and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) The exhibits listed in the Exhibit Index below are filed with this report.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
StockerYale, Inc.
Date: July 6, 2007
By: /s/ Marianne Molleur
two insiders acquire Restricted Stock
Mark Blodgett 220,000 shares
(see link below)
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=5033712
Marianne Molleur 130,000 shares
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=5033716
Shares acquired are shares of restricted stock granted under StockerYale's 2007 Stock Incentive Plan. Restrictions lapse as to 25% of the shares per annum on each of the first, second, third and fourth anniversaries of the date of grant.
13G/A filed
(see link below)
http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?FilingID=5277821&Type=HTML
one of StockerYale's new Institutional Investors is
CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM
LINCOLN PLAZA 400 P STREET
SACRAMENTO, CA 95814
(916) 795-3400
23,200 shares
...and here is the explanation - THANK YOU, STOCKERYALE
StockerYale Announces the Placement of Shares Held by Marshall Wace LLP's Eureka Interactive Fund
Thursday June 28, 11:52 am ET
SALEM, N.H.--(BUSINESS WIRE)--StockerYale, Inc. (NASDAQ: STKR - News), a leading designer and manufacturer of structured light lasers, LED modules and specialty optical fibers for industry OEMs, announced that 3.7 million shares, representing 10.5% of its outstanding shares, owned by the Eureka Interactive Fund, Ltd. were placed with several existing StockerYale institutional investors. The Eureka Interactive Fund, which is managed by Marshall Wace LLP, is in the process of being wound down for strategic reasons.
can somebody please explain to me how/why anyone would sell over 3 million shares for a 40% discount to the (then) current share price?
22-Jun-07 MARSHALL WACE LLP
Beneficial Owner (10% or more) 3,100,000 Indirect Sale at $0.90 per share. $2,790,000
?
TIA
good news for StockerYale - they settled the class action lawsuit, no admission of wrong-doing, and life can go on (but only after the lawyers extracted their pound of flesh to the tune of $3.4 million, paid by insurance).
Item 8.01 Other Events.
On June 26, 2007, a settlement agreement by and between StockerYale, Inc. (the "Company") and the lead plaintiffs in the pending consolidated securities class action lawsuit was submitted to the U.S. District Court for the District of New Hampshire (the "Court") for preliminary approval. Under the terms of the proposed settlement, plaintiffs would receive $3.4 million, which would be paid by the Company's insurance carrier. The settlement would resolve all claims asserted against the Company and the individual defendants.
The settlement contains no admission of wrongdoing by the Company or the individual defendants. The Company has denied and continues to deny any and all allegations of wrongdoing by the Company or any of the individual defendants in connection with this matter, but the Company believes that given the uncertainties and cost associated with litigation, the settlement is in the best interests of the Company and its stockholders.
The settlement is conditioned on preliminary court approval and final court approval after notice to the plaintiff class and expiration of the time for appeal from any order of the Court approving the settlement. There can be no assurance that final approval of the settlement will be obtained.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
http://biz.yahoo.com/e/070627/stkr8-k.html
Form 4 filed
3,100,000 shares sold @ .90
http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?FilingID=5263974&Type=HTML
comparison stock chart for STKR and CLRK
looks like Stocker could make a run.
CLRK has $69mil in revenues
StockerYale has $30mil in revenues
but CLRK has 20x the market cap.
JMHO
LEDs Move Into Home Lighting Market
http://apnews.myway.com//article/20070624/D8PVB5RG0.html
Item 1.01 Entry into a Material Definitive Agreement.
Amendment to Secured Term Note
On June 19, 2007, StockerYale, Inc. (the “Company”) and Laurus Master Fund, Ltd. (“Laurus”) entered into a Note Amendment Agreement (the “Amendment”) to the secured term note issued by the Company to Laurus on December 30, 2005 (the “December Note”). The Amendment extended the maturity date of the December Note from December 30, 2008 to June 30, 2010. The Amendment also reduced the monthly payments of principal and interest payable by the Company on the December Note from $121,212 to $60,000.
http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?FilingID=5260532&Type=HTML
8-K filing
doubtful. he mentioned a stock at 50c or one dollar. it might be LGSP, but they have almost no revenue. STKR is certainly a revenue generator and an established supplier of LED components. I think they are positioned well.
see previous article
http://www.investorshub.com/boards/read_msg.asp?message_id=19554824
do you think he is talking about stkr?
interesting article today
When it comes to helping you make big money, I think this will be one of the most-important messages you'll get from me this year. I'm talking about turning $50,000 into $500,000 -- taking a 100% profit and turning it into a 500% profit.
What's behind my confidence? The white-light LED wave.
see link:
http://www.changewave.com/freecontent/2007/06/freetobymain20070620.html
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