SigmaTron International Inc NASDAQ: SGMA

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Information Technology : Electronic Equipment, Instruments & Components | Small Cap ValueCompany profile
SigmaTron International, Inc. is a provider of electronic manufacturing service (EMS), which includes printed circuit board assemblies and completely assembled box-build electronic products to customers. The Company also provides services to its customers, including automatic and manual assembly and testing of products; material sourcing and procurement; manufacturing and test engineering support; design services; warehousing and distribution services and assistance in obtaining product approval from governmental and other regulatory bodies. The Company provides its products to customers in three diverse end-user markets: industrial, consumer and medical/life sciences. The Company offers differentiated services to the United States of America, Mexico, China and Vietnam. The Company provides a range of electronic and electromechanical manufacturing related outsourcing solutions for its customers.

Unfortunately they still have a 19% ownership in the Wagz disaster. Heck of a Q4 though. We'll see how sustainable. Q4 was untaxed. Backlog down nearly $100M in 10K. Unfortunately this company is run by boneheads who thought acquiring an unprofitable, junk company like Wagz with cheap SGMA shares made good financial sense.

Juggernaut.
EPS this year $3
Revenue 450mil
Market cap 30minutes
They just dumped Wagz…smooth sailing ahead. Target $20 to $25.

$SGMA - Up 13% Pre-Market/ Current Price $3.53
Reports Year End Financial Results For Fiscal 2023

News

SigmaTron International, Inc. Reports Third Quarter Financial Results for Fiscal 2022
March 22 2022 - 04:15PM
GlobeNewswire Inc.

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SigmaTron International, Inc. (NASDAQ: SGMA), an electronic manufacturing services (“EMS;” the “Company”), today reported revenues and earnings for the fiscal quarter ended January 31, 2022.
As previously reported, the Company closed the merger agreement with Wagz, Inc. (“Wagz”) on December 31, 2021. Prior to the closing of the transaction, the Company had an initial investment in Wagz, along with Convertible Secured Promissory Notes and Secured Promissory Notes issued by Wagz, for a total of $12.6 million. As per the merger agreement and just prior to the merger, all of these items converted to Wagz common stock. As per the U.S. GAAP accounting guidance, the Company's equity interest of Wagz common stock was remeasured to fair value of $6.3 million, resulting in a non-cash impairment charge of $6.3 million. The impairment charge was recorded on a separate line item in Statement of Operations during the current fiscal quarter.

Revenues increased $22.2 million, or 31 percent, to $93.7 million in the third quarter of fiscal 2022 from $71.5 million for the same quarter in the prior year. Net loss for the third quarter ended January 31, 2022 was $2.7 million, which includes the $6.3 million non-cash impairment charge previously mentioned, compared to net earnings of $0.2 million for the same period in the prior year. Basic and diluted loss per share for the quarter ended January 31, 2022, were both $0.58, compared to basic and diluted earnings per share were both $0.06 for the same quarter ended January 31, 2021.

For the nine months ended January 31, 2022, revenues increased $77.9 million, or 39 percent, to $279.6 million compared to $201.7 million for the same period in the prior year. Net income for the nine-month period ended January 31, 2022, was $9.2 million compared to a slight loss of $24,000 for the same period in the prior year. Basic and diluted income per share for the nine months ended January 31, 2022, were $2.08 and $1.97, respectively, compared to basic and diluted loss per share were both $0.01 for the nine months ended January 31, 2021.

Commenting on SigmaTron’s third quarter, fiscal 2022 results, Gary R. Fairhead, Chief Executive Officer and Chairman of the Board, said, “I’m pleased to report another strong quarter in terms of revenue and operating results. This was especially pleasing as our third quarter has historically been somewhat slower than other quarters because of the holiday period. In addition, the third quarter results include one month of operations for Wagz which, as an emerging company, is currently running at a monthly loss, which is expected. As mentioned above, it was determined that under U.S. GAAP guidance, we needed to record a non-cash impairment of the Wagz notes and investment in connection with our acquisition. The impairment essentially lowers the goodwill that we would have on the balance sheet going forward and because of the size of the impairment, can overshadow the continuing strong results for the Company.

“The non-cash impairment has no effect on our operations or on the status of Wagz. Ironically, the amount of the impairment is almost exactly equal to the one-time gain recorded in the first quarter for the forgiveness of the PPP Loan. Accordingly, the 9-month results could be viewed as reflecting the Company’s performance this year without either extraordinary event in the financial results. I also note that as a result of the Wagz merger, the Company’s outstanding shares increased by the number of shares issued to the Wagz stockholders (other than the Company). Starting with the third quarter results, the weighted average number of shares outstanding for each reported period will include those shares.

“Furthermore, the impairment does not affect the covenants under our Credit Agreement with J.P. Morgan Chase Bank, N.A., with whom we remain in good standing. In fact, I’m also pleased to report that on Thursday, March 17, 2022, we amended our Credit Agreement with the bank to increase our revolving line of credit to $60 million. We appreciate the bank’s support and confidence as the Company continues to grow.

“Regarding the continuing strong results, the status of the business remains little changed from our second quarter report. Our backlog remains strong. We have also added several new significant customers and several new programs with existing customers. However, the electronic component supply chain remains challenging. Lead-times remain extended with some parts on allocation. Price increases occur with little to no notice. De-commits on shipping dates continue as well. In addition, the Russia/Ukraine war has added another layer of uncertainty to the supply chain. From our current perspective, we do not see any improvement in sight. With that said, all of our operations’ teams continue to navigate these uncharted and choppy waters and have managed to keep the factories busy with enough parts.

“Also, we remain excited about the prospects for Wagz and its sophisticated technology. In the short time since closing, several new significant opportunities have come to Wagz from potential customers. Wagz has also updated its product roadmap and we believe Wagz will be going into calendar 2023 with the best in class pet collar and other linked products not far behind.

“In spite of the uncertainty that continues in the electronic component marketplace, we remain excited, optimistic and enthusiastic going forward. The Company’s operating performance continues to be the best in its history and we do not see any weakening in sight. In fact, each quarter brings new opportunities to layer on to our existing business. Absent a significant slowdown of the economy, either in North America or globally, we believe that we are in a good position at this time.”

About SigmaTron International, Inc.

Headquartered in Elk Grove Village, Illinois, SigmaTron International, Inc. is an electronic manufacturing services company that provides printed circuit board assemblies and completely assembled electronic products. SigmaTron International, Inc. operates manufacturing facilities in Elk Grove Village, Illinois; Acuna, Chihuahua, and Tijuana Mexico; Union City, California; Suzhou, China, and Biên Hòa City, Vietnam. SigmaTron International, Inc. maintains engineering and materials sourcing offices in Elgin, Illinois and Taipei, Taiwan.

vatch the algo's switch get turned on today chee chee cheeee

eR today :)

Spoke to IR, earnings due before the 17th. Enjuy

I bought the Thursday am dip. 8 more trading days

Earnings report about March 10

Any catalysts coming 1H 2022? SGMA on my watch list. EOM

Haven’t played overwatch… Looks fun… Kind of reminds me of unreal tournament back in the day

It's not a gift, it's just that I have my scanners setup nice. Plus i have my Buying set to a single click. Key stroke help you load weapons in games....lol...yes I game also... OVERWATCH PC. I love this. When you really enjoy what your doing time passes very fast.

I was just attempting humor with respect to your early risings. Re: GRTX - you clearly have a gift seeing these plays.

anything wrong with being up early. You know this is my job. I work my "own" hours. I usually take Friday off but this stock attracted me.(traded it to $18) you see GRTX???? $1.75 entry

Sometimes the written word doesnt convey the humor. You mentioned that you're up at 4am running your scanners. Well, my post was in response to yours written at ~2am. :)

epic short skweeze brewing in here. holding tightly.

In here. $186m trailing 6 month revenues and only a 4m OS? Circuit board assembly maker in semiconductor industry which is hot for years to come.

1x trailing 6 month sales is $46. This will be a $50+ stock near term.

Nice dip and rip!$$$

excuse me, I'm not understanding? Please elaborate.

Reena,
You clearly lied about the time you're up each morning. This is a variance of 2 hours! LMAO

Thanks, $SGMA sure is a good ,it seems GLTA too....Will check TD think or swim.....Had this Account for years and Never Used IT......Will Now.

SGMA up from $14.84 to $16.47, looks like a $15 open, lets see what Premarket bring. I won't be here. I was just checking on the change. Need to focus on my scanners. happy trading to all.

SGMA closed $17.25 high was $18.65.post market.

I really can't say what's the best. It depends on your level of knowledge and what your looking for in a scanner. I have TD(Thinkorswim) due to me having the ability to write my own scripts. Black box and Scanz was my two favorites. However Blackbox ended it's OTC scanner and Scanz charged extra for the OTC settings. That's what lead me to play around with TD scanner. Etrade has one also in Power etrade . However I have not set it up due to, October 2020 they just deleted the scanner off Etrade Pro.(because they felt like it).Trading on Nasdaq you can use a lot of the features your broker offers for free, Well not free, you pay for it with commission. Anyway hope you success with what ever you choose. Also take advantage of the trials they offer.

I have a few more plays FONU ICNM VNTH. After that I may stay away from the OTC. I'm loving Nasdaq. The gains are not the same, but the trades are cleaner,. I used a 13% trailing stop on SGMA that banked me $11k a nice $4k post market.

wow nice day for SGMA and nice recovery from the markets armpit the OTC

even though Ive made 100x more in the OTC, I hate it and probably wont go back


listed stocks are way harder to trade, but thats just my opinion

What is the best scanner site you think.....Cause you are right much more money to be had over here catching these wild horses running out the gate.....Been a really good active year....Up myself ,Got lucky on a few...But missed MANY....

I agree totally.

I lost 90k in the OTC between the OTC rule in June. TD and Etrade stunt(the list of pink stocks)Then the SEC rule in September. After Delarge arrest it was down hill since then. Made it back in a month on Nasdaq. Not bragging but I have not lost one trade since being over here. I guess due to no one dumping millions of shares. Really loving it. I'm up 4am every morning looking at the market. and with runners like this I stay until 8pm if the action is good. Have a good weekend I'm at my max post.

holding $17

Looks like that's about it here. Not much meat left on the bone will see Monday

Yeah me too... I don't run the scanners. Don't have enough experience there, but I've been watching the Nasdaq Top Gainers list since September. Everyday there seems to be a runner or two or three... But I've lost 80k of profits since September... So straight recovery mode from here on out... OTC Tends to kick off in January/ February anyway.

I had only traded OTC until a month ago. It dried up and forced me over here . My Friend had been trying to get me over to Nasdaq for about a year. I switched a month ago created 4 new scanners pre market/gap, post market and low float. The low float scanner took a week of adjusting to get winners, because I was used to the OTC floats...lol SGMA little float ran hard. https://www.marketwatch.com/investing/stock/sgma?mod=over_search Plus I love it when the shorts have to cover. $$$$$$$

Because you follow your scanners not ihub. Did you see or take part in the the post market $14- $18 .....currently $17.44...Nice revenue for a chip maker......also manufactures printed circuit board assemblies and assembled electronic products

SGMA - Stocks To Buy Right Now

Sigmatron International (NASDAQ:SGMA) reported quarterly earnings of $0.69 per share. This is a 360 percent increase over earnings of $0.15 per share from the same period last year. The company reported $100.20 million in sales this quarter. This is a 43.93 percent increase over sales of $69.62 million the same period last year.

I misplayed my hand when the price of SGMA stock spiked. I sold off half my shares when the price reached $8. I sold off 40% of the remaining shares when the price went over $9. I sold all my remaining shares when the price started dropping but still over $11. Clearly I could have made a lot more money than I did but didn't know where the top was and feared a sudden crash downward could happen anytime without warning.

12.47 > hod

11.74 > hod

11.02 > hod.

10.82 > hod.

SigmaTron International, Inc. operates manufacturing facilities in Elk Grove Village, Illinois; Acuna, Chihuahua, and Tijuana Mexico; Union City, California; Suzhou, China, and Ho Chi Minh City, Vietnam. SigmaTron International, Inc. maintains engineering and materials sourcing offices in Elgin, Illinois and Taipei, Taiwan. SigmaTron serves markets ranging from industrial products to consumer products and Fortune 500 customers to start-ups. To learn more about SigmaTron, please visit https://sigmatronintl.com.

FOUR MILLION TRADING FLOAT > $25.00+ NEXT WEEK.

STAIRWAY TO HEAVEN > $$$$$

Huge revenue growth > 15.00+ by closing bell.

SGMA

10.66

$SGMA: Here comes that $11 break...........

We haven't even scratched the surface here yet.



Best Fins that came out on this that I've seen in a while



GO $SGMA

Revenues increased to $85.7 million in the first quarter of fiscal 2022 from $60.5 million for the same quarter in the prior year. Net income for the first quarter ended July 31, 2021, was $8,796,716 compared to a net loss of $900,666 for the same period in the prior year. Basic and diluted earnings per share for the quarter ended July 31, 2021, were $2.06 and $2.02, respectively, compared to basic and diluted loss per share of $0.21 each for the same quarter ended July 31, 2020.