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MHH - posts $0.25 Non-GAAP and $0.21 GAAP
*Revenues totaled $33.6 million compared to $29.3 million in the 2015 second quarter; and represented a 6% sequential increase over first quarter 2016
*Consultants-on-Billing increased by 7% during the second quarter
*During the quarter, they reduced outstanding debt balance by approx $1.7 million.
PITTSBURGH, July 27, 2016 /PRNewswire/ -- Mastech Holdings, Inc. (NYSE MKT: MHH), a national provider of Information Technology staffing services, announced today its financial results for the second quarter ended June 30, 2016.
Mastech Holdings, Inc.
Second Quarter 2016 Highlights:
Revenues totaled $33.6 million compared to $29.3 million in the 2015 second quarter; and represented a 6% sequential increase over first quarter 2016;
Gross profit margins increased to 20.5% from 18.8% in the second quarter of 2015 and 19.3% in the first quarter of 2016;
Non-GAAP diluted earnings per share were $0.25 versus $0.18 per diluted share in the 2015;
GAAP diluted earnings per share were $0.21 versus $0.09 per diluted share in the 2015 second quarter; and
Consultants-on-Billing increased by 7% during the second quarter of 2016 compared to flat organic growth in the second quarter of 2015.
Second Quarter Results:
Revenues for the second quarter of 2016 totaled $33.6 million compared to $29.3 million during the corresponding quarter last year. Gross profit in the second quarter of 2016 was $6.9 million compared to $5.5 million in the second quarter of 2015. GAAP net income for the second quarter of 2016 totaled $945,000, compared to $382,000 during the same period last year. Non-GAAP net income for the second quarter of 2016 was $1.1 million, compared to $801,000 in the second quarter of 2015. GAAP diluted earnings per share were $0.21 in the second quarter of 2016 compared to $0.09 in the second quarter of 2015. Non-GAAP diluted earnings per share were $0.25 in the second quarter of 2016 compared to $0.18 for the corresponding period in 2015.
Demand for the Company's staffing services was up from the previous quarter, resulting in an increase to our consultant-base of 62 consultants to a total of 916 consultants-on-billing at quarter end. Gross margins in the second quarter of 2016 were 20.5%, representing a material increase from both the previous quarter's 19.3% gross margin performance and the 18.8% margins that were reported in second quarter 2015.
Commenting on the Company's second quarter 2016, Vivek Gupta, Mastech's Chief Executive Officer, stated, "We were able to organically grow our consultant-base during the quarter by 7%; our gross margins improved nicely from a quarter ago; and we completed a number of personnel moves aimed at strengthening our leadership capabilities and improving our operational effectiveness. Additionally, we have begun our journey of re-positioning Mastech to capitalize on opportunities in the vast area of digital technologies."
Jack Cronin, Mastech's Chief Financial Officer, stated, "Our financial position at June 30, 2016 remains strong with $13 million of outstanding debt, net of cash balances on hand, and access to $10.7 million of borrowing capacity. During the quarter, we were able to reduce our outstanding debt balance by approximately $1.7 million."
In conjunction with its second quarter earnings release, Mastech will host a conference call at 9:00 A. M. ET on July 27, 2016 to discuss these results and to answer questions. A live webcast of this conference call will be available on the Company's website, www.mastech.com. Simply click on the Investor Relations section and follow the links to the live webcast. The webcast will remain available for replay through August 3, 2016.
About Mastech Holdings, Inc.:
Leveraging the power of 30 years of IT experience, Mastech (NYSE MKT: MHH) provides Information Technology Staffing services in the disciplines which drive today's business operations. More information about Mastech can be found at Mastech's website: www.mastech.com.
http://finance.yahoo.com/news/mastech-holdings-inc-reports-second-110000888.html
ESCC - bought back @.70. I don't have high
expectations from Q2, but the stock is close to
52wk low and worth the risk here IMO.
In Q1 PR, the CEO said: "The April 1, 2016 revenue backlog and a strong sales prospect list support an encouraging outlook for the remainder of 2016. The first quarter 2016 results continue to illustrate the profit potential of our business without the burden of the Pension Plan."
Backlog was down in the last 2 Q's, so hopefully
it will start stabilizing or going up again.
LM.v/LMDCF - up 10% today and around
20% from the day of your post.
There was a big volume that day, so maybe the
seller was done.
MHH - bought @6.35. Usually the volume is
very low, so today's seller gave me the opportunity
to buy back most of the shares i sold after Q1.
Hopefully Q2 will be good, as opposed to the
disappointing Q1.
HRTG - Heritage Insurance Writes First Homeowners Insurance Policy in South Carolina
[PR Newswire]
July 19, 2016
CLEARWATER, Fla., July 19, 2016 /PRNewswire/ -- Heritage Insurance Holdings, Inc. (HRTG) ("Heritage" or the "Company"), a property and casualty insurance holding company, announced today that its subsidiary, Heritage Property & Casualty Insurance Company (Heritage P&C) has written its first homeowners insurance policy in South Carolina.
Heritage Insurance
Heritage Insurance
Bruce Lucas, Chairman and CEO stated that, "Our strategic diversification initiatives continue as planned as we launch coverage in our fourth state. The team is excited to work with agents in South Carolina to bring a comprehensive insurance solution to policyholders."
Heritage P&C is actively writing policies in Florida, North Carolina and South Carolina, and Zephyr Insurance is the market leader for wind-only policies in Hawaii. Applications have also been approved in both Alabama and Mississippi. The Company intends to continue to expand into new states where opportunities exist.
http://finance.yahoo.com/news/heritage-insurance-writes-first-homeowners-123000501.html
HRTG - Heritage Insurance Writes First Homeowners Insurance Policy in South Carolina
[PR Newswire]
July 19, 2016
CLEARWATER, Fla., July 19, 2016 /PRNewswire/ -- Heritage Insurance Holdings, Inc. (HRTG) ("Heritage" or the "Company"), a property and casualty insurance holding company, announced today that its subsidiary, Heritage Property & Casualty Insurance Company (Heritage P&C) has written its first homeowners insurance policy in South Carolina.
Heritage Insurance
Heritage Insurance
Bruce Lucas, Chairman and CEO stated that, "Our strategic diversification initiatives continue as planned as we launch coverage in our fourth state. The team is excited to work with agents in South Carolina to bring a comprehensive insurance solution to policyholders."
Heritage P&C is actively writing policies in Florida, North Carolina and South Carolina, and Zephyr Insurance is the market leader for wind-only policies in Hawaii. Applications have also been approved in both Alabama and Mississippi. The Company intends to continue to expand into new states where opportunities exist.
http://finance.yahoo.com/news/heritage-insurance-writes-first-homeowners-123000501.html
Yes, that is exactly what i said a few
weeks ago: #msg-123470495
A few weeks later and those who
sold @.02, missed the good news
and the move to .03-.04
People are finally discovering this stock
after the PR on the record Q2. The market
cap is still below $2 million and this one
has lots of potential.
EVOL - Evolving Systems Selected to Provide Managed Services for Online Gaming Network
[Marketwired]
July 12, 2016
ENGLEWOOD, CO--(Marketwired - Jul 12, 2016) - Evolving Systems, Inc. ( NASDAQ : EVOL ), a leader in real-time activation, analytics and marketing for connected mobile devices worldwide, today announced that Nova Gaming Ventures in India has selected the Company's Managed Marketing Solutions and Services for its online gaming platform NovaPlay.
NovaPlay is a platform for multiplayer gaming communities where consumers can discover big-ticket titles and free-to-play new games within an active gaming community, including competitive match play, social features, tournaments and discussion forums. Evolving Systems' solutions and managed services will support the entire customer life cycle, including customer acquisition and activation, conversion into paid subscriptions, upsell and cross-sell campaigns, social media and gamer community interfaces, loyalty points, rewards and micro-payments.
Online gaming companies need to create compelling gaming experiences focused on the things gamers want, in the distribution channels they consume, and ahead of what competitors may bring. As online gaming distribution companies continue to be pressured by increasing consumer demands, the proliferation of gaming-capable devices and lower barriers to entry for low-cost alternatives, the need to innovate and join the revolution of disruptors is more critical than ever.
"Evolving Systems' Gaming Marketing Solutions and Services creates a highly personalized community experience for the gamers that will drive increased customer value for NovaPlay," said Thomas Thekkethala, Chief Executive Officer of Evolving Systems. "With a combination of our Marketing services, and our proven Profiling and Targeting solutions, we will be able to enhance NovaPlay's data analytics capabilities and generate actionable intelligence that will drive additional revenues through each gaming experience. By collecting user-level data, NovaPlay will be able to facilitate hyper-personalization, providing end users with customized and individualized content and experiences."
"NovaPlay is India's first platform for multiplayer gaming communities that is designed to engage gamers through content, offers, social features and tournaments," said Amitesh Rao, Chief Executive Officer of Nova Gaming Ventures. "Our business depends on the ability to efficiently acquire, engage and retain gamers, and we selected Evolving Systems based on its team and software platform's ability to rapidly build, test and launch highly personalized customer acquisition, engagement and upsell marketing tactics and to manage our customers experience through their entire life cycle."
About Evolving Systems®
Evolving Systems, Inc. ( NASDAQ : EVOL ) is a provider of software and services to 75 network operators in over 50 countries worldwide. The Company's portfolio includes market-leading subscriber service, SIM card and mobile broadband activation of connected devices and real-time analytics and marketing solutions to monetize mobile network services and consumer behavior. Founded in 1985, the Company has headquarters in Englewood, Colorado, with offices in the United States, United Kingdom, India, Malaysia and Romania. For more information please visit www.evolving.com or follow us on Twitter http://twitter.com/EvolvingSystems
http://finance.yahoo.com/news/evolving-systems-selected-managed-services-110000445.html
This is exactly what they want all the stupid
sellers to think when they put such a "big"
(it's only around $13k) block of shares.
They want to get cheap shares.
And then suddenly it gets eaten and the stock never
looks back. I have seen it many times.
You said: "Also, don't underestimate the stupidity of the sellers. You saw how many whacked the bid in the mid-high 1s."
A lot has changed since then.
AMPG reminds me of this one, when people kept
selling and i bought their shares until
i had 4.8% of the OS shares: #msg-96594531
The end result will be the same: #msg-104759348
In the last 10K it said that you owned 9.3%
of the OS (which as of the last 10Q is still
46 million shares OS) or around 4.3 million shares.
I didn't know that you sold some.
Hweb owns approx 9%, you own approx 5% and
i own approx 2%. I believe that this board alone
owns around 20% of the OS shares.
HRTG - because of the acquisition of Zephyr.
On March 21, 2016, Heritage Insurance Holdings, Inc. ("Heritage" or the "Company") completed the acquisition of Zephyr Acquisition Company, a Delaware corporation ("Zephyr"), pursuant to the previously announced Stock Purchase Agreement (the "Purchase Agreement") with Zephyr, each of RM Ocean Harbor Holding, Inc. and MP Holdings LLC (collectively, the "Sellers") and certain affiliates of the Sellers. Pursuant to the terms of the Purchase Agreement, Heritage acquired all of the outstanding shares of capital stock of Zephyr for a purchase price of approximately $133.6 million in cash. The purchase price was approximately $14 million higher than originally projected because Zephyr had higher earnings in the second half of 2015 and the first quarter of 2016, resulting in a corresponding increase in shareholder's equity. The increased purchase price did not impact the goodwill associated with the acquisition. As a result of earnings exceeding projections and the resulting increase in shareholder's equity at the time of the closing of the acquisition, the GAAP book value at Zephyr improved to $78.1 million as of March 21, 2016, effectively lowering the deal multiple on a price-to-book basis despite the adjusted purchase price.
Heritage Completes Purchase of Zephyr Acquisition Company:
http://finance.yahoo.com/news/heritage-completes-purchase-zephyr-acquisition-201500721.html
HRTG - bought @11.6. I also like the fact that they
bought back 2% of the OS shares in Q1 and hopefully
bought back at least the same amount in Q2.
The Company's remaining repurchase authorization is approximately $60 million. The Company repurchased 612,300 shares for a total of $9.6 million in the first quarter of 2016.
HRTG - bought @11.6. I also like the fact that they
bought back 2% of the OS shares in Q1 and hopefully
bought back at least the same amount in Q2.
The Company's remaining repurchase authorization is approximately $60 million. The Company repurchased 612,300 shares for a total of $9.6 million in the first quarter of 2016.
LM.v/LMDCF - i also bought around .39. The stock
is way oversold here with RSI of 23 and down around
60% in 2 months.
AMPG - Record Fiscal Quarter for AmpliTech
Revenues of $500K With Net Profit of 30%
Marketwired AmpliTech Group, Inc.
BOHEMIA, NY--(Marketwired - Jul 5, 2016) - AmpliTech Group, Inc. (OTCQB: AMPG) (the "Company") announced a record fiscal second quarter in terms of revenue and profit. CEO Fawad Maqbool stated, "We are proud to announce that we have begun a new phase of productivity in our new facility. Although we booked large orders in the last quarter of 2015, our productivity suffered in the first quarter of 2016 because of problems associated with moving to our new and improved facility. However, we have now overcome those problems as evidenced by the results of this quarter, and converting those bookings into revenue. With revenues in excess of $500,000 and an estimated net profit of greater than 30% last quarter, we expect to have a good year." The Company stated that although it had a high-revenue quarter, part of the increase was due to delayed shipments from the first quarter. The Company expects to book in excess of $600,000 this month and the backlog continues to rise. Mr. Maqbool added, "We continue to follow our strategy to increase revenues with new product lines and new customers in larger volume and diversified sectors, in addition to our expanded marketing efforts, thus leading to sustained growth and profitability."
http://finance.yahoo.com/news/record-fiscal-quarter-amplitech-103851661.html
Record Fiscal Quarter for AmpliTech
Revenues of $500K With Net Profit of 30%
Marketwired AmpliTech Group, Inc.
BOHEMIA, NY--(Marketwired - Jul 5, 2016) - AmpliTech Group, Inc. (OTCQB: AMPG) (the "Company") announced a record fiscal second quarter in terms of revenue and profit. CEO Fawad Maqbool stated, "We are proud to announce that we have begun a new phase of productivity in our new facility. Although we booked large orders in the last quarter of 2015, our productivity suffered in the first quarter of 2016 because of problems associated with moving to our new and improved facility. However, we have now overcome those problems as evidenced by the results of this quarter, and converting those bookings into revenue. With revenues in excess of $500,000 and an estimated net profit of greater than 30% last quarter, we expect to have a good year." The Company stated that although it had a high-revenue quarter, part of the increase was due to delayed shipments from the first quarter. The Company expects to book in excess of $600,000 this month and the backlog continues to rise. Mr. Maqbool added, "We continue to follow our strategy to increase revenues with new product lines and new customers in larger volume and diversified sectors, in addition to our expanded marketing efforts, thus leading to sustained growth and profitability."
http://finance.yahoo.com/news/record-fiscal-quarter-amplitech-103851661.html
He gets his shares from the idiots that keep
selling it to him.
In the last several weeks, i saw that someone puts
a bid and as soon as he gets a fill, the same amount
of shares appears on the ask.
He makes a few $$$ and we end stuck in the same F**king
level for months. This is getting tiresome.
ELTK - The CEO bought 6.1% of the OS shares @.94
on the market and increased his holdings to 56.6%.
http://finance.yahoo.com/news/elteks-controlling-shareholder-yitzhak-nissan-093600254.html
ESCC - sold @1.08-1.1 in the last few
days for a 28% profit. There was good volume,
stochastics are in a selling zone and i don't
want to hold this one for Q1 results.
SCKT - sold around 3.65 for a 75% profit in
the last few days. Stock is overbought and had
a nice move lately.
SVT (8.89) - sold in the last few days for
a 20% profit. The stock has been up nicely
in the last few days and is overbought here.
SVT (8.89) - sold in the last few days for
a 20% profit. The stock has been up nicely
in the last few days and is overbought here.
ESCC - Sold most @.97 for a 14% profit. Those low
liquidity stocks with CEOs that doesn't know
how to write a PR or updating the shareholders more
frequently, are really starting to test my patience.
In the end of January, there were a few asks
@.016-.018, so i added 250k which brought my
holdings to 900k shares (approx 2% of the OS shares).
With such an impressive list of customers and doing the
right things, hopefully Mr. Maqbool can take this company
to the next level.
>>Our customers include Boeing Aerospace, NASA, Raytheon, Government of Israel, Spectrum Microwave, L3 Integrated Systems, and GS Technology.<<
VSCP - getting acquired @4.05, less than its
market price which is 4.48.
https://finance.yahoo.com/news/biotelemetry-inc-signs-definitive-agreement-153047897.html
SVT - while we were hoping for more, Q4 earnings were
.20 vs. a loss in Q4 2014 and net income from operations
for 2015 was .76 vs .23, so certainly a nice progress.
>>Wish they had broken out Q4 numbers, and maybe given some more commentary on 2016<<
The problem with stocks like SVT, ESCC, MHH, SNFCA etc.
is that they have CEO's that think they run a private company.
They barely issue news or promote the company and when they do, they don't know how to issue a good PR.
How many times have you posted about "stock X was trading
much higher a few years ago when their results were much
worse"?
This is absurd. How the F are so many stocks so cheap and
trading much lower today when the market is so close to
all time highs and their results are much better?
Some of those companies should just go private or someone
should buy them out.
ESCC - posts .04 vs (.05) in Q4 and .21 in 2015 (excluding
the one time $3.6 million charge for the settlement of the
pension liabilities).
From the 10K:
The sales backlog of domes for theme park attractions remained high at December 31, 2015, setting up 2016 for another strong year in sales to theme park attractions. We anticipate that approximately 80% of the 2015 backlog will be converted to sales in 2016 and that we will receive sufficient new orders to produce total sales in 2016 comparable to 2015.
https://finance.yahoo.com/news/evans-sutherland-reports-2015-results-214200504.html
SVT - Servotronics, Inc. Declares Cash Dividend
Of $0.15 Per Share
PR Newswire Servotronics, Inc.
ELMA, N.Y., March 14, 2016 /PRNewswire/ -- Servotronics, Inc. (NYSE MKT– SVT), today announced that its Board of Directors declared a $0.15 per share cash dividend. The dividend will be paid on May 16, 2016 to shareholders of record on April 11, 2016. This dividend does not represent that the Company will pay dividends on a regular or scheduled basis.
The Company is composed of two groups – the Advanced Technology Group (ATG) and the Consumer Products Group (CPG). The ATG primarily designs, develops and manufactures servo control and other components for various commercial and government applications (i.e., aircraft, jet engines, missiles, manufacturing equipment, etc.). The CPG designs and manufactures cutlery, bayonets, machetes and combat, survival, sporting, agricultural, and pocket knives for both commercial and government applications.
If you guys stop replying to every
inane post he makes, maybe this BS will stop.
Seriously, enough is enough.
This market certainly needs to calm the F down
a bit if we want to have a quiet market when
our microcaps report. The more it goes up now
without a consolidation, the more we will pay for it later.
Market is up another 0.5%, close to being overbought
and stochastics are in a selling zone. Also, the 200 day MA
is within 1% (2023) and i will be surprised if the market
can break through it without a minor correction\consolidation
first.
MHH - Gupta is getting 50k options per year on
each anniversary of the grant date, so if he got 50k
when he signed, it will take another 4 years to get
the entire 250k options.
Since the strike price is $7.26 a share, the stock
needs to go much higher for him to make serious money,
so of course "he better be good for that deal".
I already wrote about Gupta in a previous post #msg-120900938 ,
so let me just add that since MHH operate 4 small recruiting centers in the US and 2 larger facilities in India,
Gupta looks like a perfect fit.
MHH - The new CEO comes from the RPG Group,
which is an Indian multi billion corp.
http://www.rpggroup.com/download/grouppresentation/RPG-Annual-Investor-Conference-2015.pdf
Looking at his CV, he seems like a good replacement.
From his Linkedin profile:
In 2001 moved to Chicago (USA) to head Zensar’s Global Outsourcing Services business which was providing Application Portfolio Management (APM) & Business Process Outsourcing (BPO) services to global customers. Grew the business seven-fold over an eight year period.
Thereafter, in 2009 moved to Pune (India) as Chief Operating Officer of Zensar and managed a workforce of over 5,000 associates spread across various delivery centers around the globe. Most recently, headed Infrastructure Management Services business from 2011 to 2015.
https://www.linkedin.com/in/vixgupta
Sunil Wadhwani and Ashok Trivedi, Co-Chairmen of MHH Board
of Directors are also Indians, so maybe they know Gupta
and think he can take MHH to the next level.
Maybe they offered him the job and when he accepted
it, they asked Horner to resign. Just a speculation.
MHH - The new CEO comes from the RPG Group,
which is an Indian multi billion corp.
http://www.rpggroup.com/download/grouppresentation/RPG-Annual-Investor-Conference-2015.pdf
Looking at his CV, he seems like a good replacement.
From his Linkedin profile:
In 2001 moved to Chicago (USA) to head Zensar’s Global Outsourcing Services business which was providing Application Portfolio Management (APM) & Business Process Outsourcing (BPO) services to global customers. Grew the business seven-fold over an eight year period.
Thereafter, in 2009 moved to Pune (India) as Chief Operating Officer of Zensar and managed a workforce of over 5,000 associates spread across various delivery centers around the globe. Most recently, headed Infrastructure Management Services business from 2011 to 2015.
https://www.linkedin.com/in/vixgupta
Sunil Wadhwani and Ashok Trivedi, Co-Chairmen of MHH Board
of Directors are also Indians, so maybe they know Gupta
and think he can take MHH to the next level.
Maybe they offered him the job and when he accepted
it, they asked Horner to resign. Just a speculation.
MHH - bought @7.26 now that the stock has
come down after posting strong Q4 results.
Stochastics are in a buying zone and MACD starting to flatten.
MHH posted strong Q4 results (EPS of .29)
and have an easy comp coming in Q1.
Presentation:
http://www.sec.gov/Archives/edgar/data/1437226/000119312515310347/d50410dex991.htm
Bullish comments in Q4 CC:
Let’s talk a little bit about our focus for improvements in 2016. Our focus is back to basic strategy. Within offshore recruiting organization, we have implemented smaller client centric teams, each with an experienced leader accountable for the performance of his or her team. The smaller teams have daily quality candidates and middle targets. And we simply do not go home until we get our daily targets. If January is a measure, we’re probably up about 25% or 30% submittal rates as compared to Q4. So I’m very pleased with the initial action on there.
Number two, we got our resource managers to our onshore delivery organizations and those RM’s are working with our clients to clarify job requisitions technically to confirm those technical needs with the recruiting organization and to evaluate the candidates who are being submitted from both technical fit and client culture fit.
Number three, within our sales organization we have added additional experienced comp executives plus we are reestablishing relationships and several clients who changed MSP that would be managed service providers in the second half of 2015. As you know in the MSP world, relationships with both the customer hiring manager and the MSPs sourcing coordinators or sourcing context are crucial.
Number four, we have several interesting growth opportunities in 2016 and I’d like to highlight just a couple of them today. We added a new client in 2015. There is a large user of contract IT resources. In the two – two quarters we have been serving them. We have moved into their top tier vendors and we stand to grow with them in 2016 as well.
Two, we have one of our integrator partners, again, a top five customer of ours, who is challenging us to double our starts per month with them in the first half of 2016. We’ve added recruiting capability and we’ve added sales in our own capability to serve better count.
Three, we have one of our direct customers again in top five customers, has offered us the opportunity to significantly grow our exclusive business with them beginning in January 2016. Historically, this customer isn’t MSP customer with little hiring manager contact. So we expect to leverage those new relationships that we are building there as well.
To summarize, from aspect 2016 will be all about our organically increasing consultants on billing with our clients or how to is about the basic strategy focused on two things which are simple to say but much tougher to do. One, a much higher level of quality candidates of middle activity from our recruiting organizations, and two, a much higher level of sales activity penetrating our existing clients developing new or re-establishing – existing relationships with contacts within both customers and where applicable [ph] the customers MSP.
MHH - bought @7.26 now that the stock has
come down after posting strong Q4 results.
Stochastics are in a buying zone and MACD starting to flatten.
MHH posted strong Q4 results (EPS of .29)
and have an easy comp coming in Q1.
Presentation:
http://www.sec.gov/Archives/edgar/data/1437226/000119312515310347/d50410dex991.htm
Bullish comments in Q4 CC:
Let’s talk a little bit about our focus for improvements in 2016. Our focus is back to basic strategy. Within offshore recruiting organization, we have implemented smaller client centric teams, each with an experienced leader accountable for the performance of his or her team. The smaller teams have daily quality candidates and middle targets. And we simply do not go home until we get our daily targets. If January is a measure, we’re probably up about 25% or 30% submittal rates as compared to Q4. So I’m very pleased with the initial action on there.
Number two, we got our resource managers to our onshore delivery organizations and those RM’s are working with our clients to clarify job requisitions technically to confirm those technical needs with the recruiting organization and to evaluate the candidates who are being submitted from both technical fit and client culture fit.
Number three, within our sales organization we have added additional experienced comp executives plus we are reestablishing relationships and several clients who changed MSP that would be managed service providers in the second half of 2015. As you know in the MSP world, relationships with both the customer hiring manager and the MSPs sourcing coordinators or sourcing context are crucial.
Number four, we have several interesting growth opportunities in 2016 and I’d like to highlight just a couple of them today. We added a new client in 2015. There is a large user of contract IT resources. In the two – two quarters we have been serving them. We have moved into their top tier vendors and we stand to grow with them in 2016 as well.
Two, we have one of our integrator partners, again, a top five customer of ours, who is challenging us to double our starts per month with them in the first half of 2016. We’ve added recruiting capability and we’ve added sales in our own capability to serve better count.
Three, we have one of our direct customers again in top five customers, has offered us the opportunity to significantly grow our exclusive business with them beginning in January 2016. Historically, this customer isn’t MSP customer with little hiring manager contact. So we expect to leverage those new relationships that we are building there as well.
To summarize, from aspect 2016 will be all about our organically increasing consultants on billing with our clients or how to is about the basic strategy focused on two things which are simple to say but much tougher to do. One, a much higher level of quality candidates of middle activity from our recruiting organizations, and two, a much higher level of sales activity penetrating our existing clients developing new or re-establishing – existing relationships with contacts within both customers and where applicable [ph] the customers MSP.
SVT - added @7.3. Easy Q4 comp coming (good results
in Q4 2015 vs a loss in Q4 2014), approx $11 in tangible
book value and EPS of .27 in Q2 and .33 in Q3.
Revenues for the nine month period ended September 30,
grew approx 18%, so hopefully Q4 will show the
same growth and revenues of above $10 million.
This one should go higher.
SVT - added @7.3. Easy Q4 comp coming (good results
in Q4 2015 vs a loss in Q4 2014), approx $11 in tangible
book value and EPS of .27 in Q2 and .33 in Q3.
Revenues for the nine month period ended September 30,
grew approx 18%, so hopefully Q4 will show the
same growth and revenues of above $10 million.
This one should go higher.
MEET - sold the rest @3.78 for a 40% profit.
Thanks again SSK!