Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Congrats otcbargains on a great year. I've definitely noticed the quality of your research and trading has improved over the years and wish you continued success. I also appreciate the performance report - interesting.
Best seller at Sam's certainly seems like good news. If they are selling well there, they are probably selling well at other places.
New seeking alpha article on MMMB
https://seekingalpha.com/article/4132755-mamamancinis-setting-legit-small-cap-growth-stock
Here are some notes from that Redchip presentation.
Operating profit margins on incremental sales are close to 25%.
At $50 million in sales should generate $8-10 Million in EBITDA, at $40 million in sales 6+Million EBITDA.
peers trading at 23 times EBITDA.
In 12,000 stores with potential for 26,000 stores.
They are not in food service at all. If they did it would double their size he says.
He said all the new products are doing very well.
getting into food service will require $500K over a years time, and they will recoup it in 3-4months.
Target $40 million run rate by end of 2017 or early 2018.
Should show growth up 60% as in last quarter and thinks they can do that for awhile.
Another layer of growth is coming in summer/fall of 2018 (currently in prepared foods).
Current product mix is meatballs, meatloaf, chicken parmigiana, and stuffed pepper mix versus only meatballs 2 years ago. All are doing well.
Introducing ravioli lasagna in February 2018, another lasagna product coming later in the year.
Testing sauces and vegetarian meatballs for introduction at a later date.
Plans to uplist to Nasdaq in mid-2018.
There 6Million warrants outstanding. If they convert then they could uplist 3 months earlier.
Senior debt around $2Million should be paid off in April.
I bought a little more at $1.05. I'm expecting good results tomorrow. Earnings will be released before market open and a conference call held on Monday.
Some notes from the CC.
They mentioned being excited about future growth many times.
They said they have an increase in order levels from all regions including China that was weak.
They expect sales pace to return to former pace.
The US continues to grow
One of the largest non-woven muli-nationals in the world got first order in what the client called their "global rollout plan".
They expect this to be significant in 2018
A question was posed asking about who they were, but they declined to answer as they have found that many potential competitors listen to the CC and they prefer to expose as little information as possible.
They have done an extensive evaluation with them. It took them 1 year when it was expected to take 1 or 2 months, but now it is done.
They believe it will be a standard part in their mfr operations.
Asked about new hiring they said it is hard to say about hiring.
In January show they will attend a large home retailer show in Frankfurt.
They said they have some big orders, not sure if they will be in this quarter or next quarter.
They are now moving into denim.
They have a lend-and-extend approach where they are getting new software ideas from each new client they pick.
Selective about partnering with their clients to go into an area where the client helps them with product development.
They showed confidence that noone can touch their technology.
Gross margin went down because they decided to have more trials.
They realized they need to be more aggressive in putting more trials.
The engineers were confident they could handle more trials.
CEO said "Instead of having 5 trials we can have 20."
It takes more time and resources, but eventually it's working.
Currently investing in airbag and printed circuit board glass fabric.
The chart also still looks pretty good to me. We have a smooth upward slope. Recent volume not too high, and green.
$1.21 Looks like IVFH might be breaking out of it's current trading range.
I looked at some of your results from a few months ago and it looks like alot of your trades worked out. What is your trading strategy?
I listened to the conference call. The management sounded very happy with their performance. The lowered margins had to do with promotions. They said increasing sales requires advertising and giving rebates. They felt the increase in sales was because of their rebates granted and they felt they got a good deal on the increased visibility of their products by giving the rebates. CEO has a personal target of getting the company to $100 Million in sales. CEO said he only wants to compete in niche products and never in commodity products and he said that is what he has been doing at CAPC and all of his prior experience at other companies. He said that using a known brand like Duracell needs to give them at least a 25% lift in sales over selling as the Capstone brand or it is not worth licensing the brand name. He said they were currently evaluating whether they were getting the appropriate lift with using the Duracell name. He was very excited about the new product they have. He wanted to announce the product in this conference call but they have a few things they have to flesh out in the new product before giving it over to robust consumer level testing. He had the new product sitting on his desk during the conference call. The new product has been in development for about a year. It is a more technological lifestyle product. It requires software development. He didn't say what it was, but my impression is that it is some sort of smart home product, possibly something that you access through an app on your phone. It is not a common product but something innovative where there aren't many competitors and they are bringing it mainstream. He said they have been planning this for a year and his research and data gives him the confidence that the new product will do well and he said they are very excited about it. I would guess based on what he said that the new product will be announced during the coming quarter or on next quarters conference call.
EBN.v / EPCBF bought out for $1.30c/$1.04 up 25%.
MamaMancini's Reports Second Quarter Fiscal Year 2018 Financial Results
EAST RUTHERFORD, NJ--(Marketwired - Sep 13, 2017) - MamaMancini's Holdings, Inc. (the "Company" or "MamaMancini's") ( OTCQB : MMMB ), a marketer of specialty pre-prepared, frozen and refrigerated all natural food products (as defined by the United States Department of Agriculture), today announced financial results for the second quarter of fiscal year 2018, ended July 30, 2017.
Second Quarter Highlights:
Second quarter of fiscal year 2018 revenue increased 69% to $7.0 million compared to $4.1 million in prior year period.
Net income for the second quarter was $24,000 versus net loss of $(277,000) in prior year period; a $301,000 improvement.
Net loss available to common stockholders was $(5,000), or $0.00 per diluted share, during the second quarter of fiscal 2018, compared to a net loss of $(324,000), or $(0.01) per diluted share in the same quarter last year.
Cash EBITDA, a non-GAAP financial metric (please refer to Non-GAAP Financial Measures paragraph below), for the second quarter was $377,000 compared to $145,000 in the second quarter of fiscal 2017.
Company has sold approximately 40,600 SKU's in 11,900 retail and grocery locations at July 31, 2017 as compared to approximately 36,000 SKU's in 11,400 retail and grocery locations at July 31, 2016.
Based on preliminary financial statements provided to the Company by Joseph Epstein Foods, Inc. ("JEFE") (which are subject to their audit and final due diligence), Pro forma Cash EBITDA including JEFE results on a pro forma consolidated basis (a non-GAAP financial metric--please refer to Non-GAAP Financial Measures paragraph below) for the second quarter would have been approximately $635,000, representing an increase of approximately $258,000 over the Company's reported Cash EBITDA on a standalone basis. Please see paragraph below concerning the Pro Forma results.
Six Months Highlights:
First six months of fiscal year 2018 revenue increased 53% to $12.4 million compared to $8.1 million in prior year period.
Net income for the six months period was $153,000 versus net loss of $(503,000) in prior year period; a $656,000 improvement.
Net income available to common stockholders was $76,000, or $0.00 per diluted share, compared to a net loss of $(614,000), or $(0.02) per diluted share in the same quarter last year.
Cash EBITDA, a non-GAAP financial metric (please refer to Non-GAAP Financial Measures paragraph below), for the six months period was $890,000, an increase of 161% when compared to $341,000 in the same period of fiscal 2017.
Based on preliminary financial statements provided to the Company by Joseph Epstein Foods, Inc. ("JEFE") (which are subject to their audit and final due diligence), Pro forma Cash EBITDA including JEFE results on a pro forma consolidated basis (a non-GAAP financial metric--please refer to Non-GAAP Financial Measures paragraph below) for the first six months of fiscal year 2018 would have been approximately $1,185,000, representing an increase of nearly $295,000 over the Company's reported Cash EBITDA on a standalone basis. Please see paragraph below concerning the Pro Forma results.
Cash flow from operating activities was $389,000 compared to $(23,000) in the year ago quarter.
Carl Wolf, Chief Executive Officer of MamaMancini's, commented, "The second quarter was outstanding from a revenue perspective; continuing the growth trajectory of recent quarters. This growth stems directly from our strategy of focusing on selling our products into the prepared foods, ready to eat meals and sandwich shop area located on fresh foods perimeter of the retail grocery store. Progressive retail stores are looking to take advantage of the growing consumer trend toward a broad array of delicious, nutritious, all-natural and easy to prepare products. As a result, we have been able to sell into higher volume per location accounts over the traditional pre-packaged retailer merchandising. We believe this trend is accelerating as evidenced by the recent acquisition of Whole Foods by Amazon."
Mr. Wolf continued, "The rapid growth we are currently experiencing has required the acquisition of new equipment and additional processes to meet current demand; which is having a moderate impact on our gross profit and operating margins year-to-date. We expect margins to move back up to more traditional levels as we move through the second half of the year. Also during the quarter, we signed a letter of intent to acquire the primary manufacturer, of our products, Joseph Epstein Foods Enterprise ("JEFE"), on a non-cash basis. Based upon preliminary information received from JEFE (subject to completion of due diligence and audit), we estimate that the integration of our sole supplier will increase our gross profit margin and profits by $1.5 million or more in the next 12 months and believe that the acquisition will assure a reliable source of supply for the Company for years to come.
"As MamaMancini's continues on this growth trajectory, it became clear to us that the combination of the two entities would secure manufacturing capacity for the company's products and, as a result of operating efficiencies, be immediately accretive to our earnings and thereby reward our shareholders. We anticipate closing this transaction in early November 2017. This acquisition involves no cash or stock outlay." Please see the Company's SEC filing on Form 8-K on September 11, 2017 for further details.
Mr. Wolf concluded, "It is an exciting time at MamaMancini's as the strategic direction we put in place is coming to fruition. We have now reported profitability in each of the last four consecutive quarters and our revenue growth is accelerating. Looking ahead, our goal is to get to a $40 million annualized sales run rate, which is anticipated before the end of the current fiscal year. Our focus right now is execution, making sure we can deliver our products on a consistent basis and meet current customer demand. We are excited with the opportunities ahead."
Second Quarter 2018 Results
Sales, net of slotting fees and discounts, were $7.0 million for the second quarter of fiscal 2018, a 69% increase compared to $4.1 million reported in the second quarter of fiscal 2017. The Company has sold approximately 40,600 SKU's in 11,900 retail and grocery locations at July 31, 2017 as compared to approximately 36,000 SKU's in 11,400 retail and grocery locations at July 31, 2016. Gross profit for the second quarter of fiscal 2018 was $2.0 million, or 29% of sales, compared to $1.4 million, or 33% of sales, in the year ago period. Operating income for the second quarter of fiscal 2018 was $207,000, compared to an operating loss of $(109,000) in the second quarter of fiscal 2017. Net income for the second quarter of fiscal 2018 was $24,000, compared to a net loss of $(277,000) in the second quarter of fiscal 2017.
Six Months Fiscal 2018 Results
Sales, net of slotting fees and discounts, were $12.4 million for the first six months of fiscal 2018, a 53% increase compared to $8.1 million reported in the prior year period. Gross profit for the first six months of fiscal 2018 was $3.9 million, or 32% of sales, compared to $2.8 million, or 35% of sales, in the year ago period. Operating income for the first six months of fiscal 2018 was $524,000, compared to an operating loss of $(164,000) in the first six months of fiscal 2017. Net income for the first six months of fiscal 2018 was $153,000, compared to a net loss of $(503,000) in the first six months of fiscal 2017.
Non-GAAP Financial Measures
The Company uses Cash EBITDA as a non-GAAP financial measure. The Company defines Cash EBITDA as earnings before income taxes, depreciation and amortization plus any non-cash stock payments for expenses. The Company believes that the use of Cash EBITDA is useful to investors and other users of its financial statements in evaluating the Company's operating performance because it provides them with an additional tool to compare business performance across companies and across periods. The Company uses Cash EBITDA in conjunction with traditional GAAP operating performance measures as part of its overall assessment of its performance, for planning purposes, including the preparation of its annual operating budget, and to evaluate the effectiveness of its business strategies. Management does not place undue reliance on Cash EBITDA as its only measure of operating performance. Cash EBITDA should not be considered as a substitute for other measures of financial performance reported in accordance with GAAP.
Pro Forma Results including Joseph Epstein Foods Enterprise, Inc. ("JEFE")
The Pro Forma results which include the consolidation of the results of JEFE are based on preliminary financial information that the Company has received from JEFE. These financial results are subject to changes from their audit and due diligence prior to the consolidation which is expected about November 1, 2017.
Conference Call
The Company has scheduled a conference call for Thursday, September 14, 2017 at 9:00 a.m. ET, to review the results.
Interested parties may participate on the conference call by dialing (844) 889-4326 or (412) 317-9264. A replay of the conference call will be available by dialing (877) 344-7529 or (412) 317-0088, confirmation code 10112126, through September 20, 2017.
About MamaMancini's
MamaMancini's is a marketer and distributor of a line of beef meatballs and turkey meatballs all with sauce, five cheese stuffed beef and turkey meatballs all with sauce, original beef and turkey meatloaves, chicken parmesan, stuffed peppers and other similar Italian cuisine products. The Company's sales have been growing on a consistent basis as the Company expands its distribution channel, which includes major retailers and distributors such as Costco, Publix, Shop Rite, Jewel, Save Mart, Lucky's, Lunds and Byerlys, SuperValu, Safeway, Albertsons, SpartanNash, Bashas, Whole Foods Market, Hy-Vee, Shaw's, Kings, Roche Bros., Key Foods, Stop & Shop, Giant, Giant Eagle, Foodtown, Sam's Club, Kroger, Shoppers,, King Kullen, Lowes, Central Market, Weis Markets, Ingles, Food City, The Fresh Market. Sysco, Burris Foods, and C&S. The Company sells a variety of its products on air and on line on QVC, the world's largest direct to consumer marketer.
Forward Looking Statements
This press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in the Company's 10-K for the fiscal year ended January 31, 2017 and other filings made by the Company with the Securities and Exchange Commission.
I bought some MMMB. They have 40% revenue growth, just became profitable.
They are about to release earnings, which should show growth.
They have a bunch of recent insider buying in August. CEO built and sold Alpine Lace so has connections and is capable. They are buying their supplier by taking on their debt which will alleviate 3rd party concerns and add to the bottom line.
I bought some. They have 40% revenue growth, just became profitable.
They are about to release earnings, which should show growth.
They have a ton of recent insider buying in August. CEO built and sold Alpine Lace so has connections and is capable. They are buying their supplier by taking on their debt which will alleviate 3rd party concerns and add to the bottom line.
President put out a shareholder letter.
August 24, 2017
Dear Fellow Shareholder,
The third quarter of fiscal year 2017 was the most challenging quarter in my four years as CEO of our company. For the quarter, we lost $1.9 million on revenue of $35.7 million. This poor result was driven by $5.8 million in losses on two related jobs. The setbacks on these projects was driven by several main factors: due to the intense level of pipeline construction, we failed to procure and retain the skilled labor force required to meet our production expectations. Larger projects, particularly those being built on a cost-plus basis, have paid above market wages and incentives to lure away qualified employees. Due to this pressure and a provision in our collective bargaining agreement, we had to compensate our crews for one extra hour each day due to inadequate lodging availability. To make matters worse, the qualified labor pool was limited in these markets resulting in more training expense and lower productivity. Finally, environmental factors far in excess of budget amounts drove bad projects into deep losses: first, a state road construction project in rural Ohio made a few miles take over an hour to move equipment and our construction crews on a daily basis. Second and most detrimental, we have had over 30 inches of rain on the project so far, the computer models based on the previous summers of rainfall only called for 11 inches. Rain not only cost the company non-productive wages paid according to labor agreements, but it also causes clean up and production issues when work can begin again.
For the quarter, CJ Hughes had a gross loss of $2.6 million from projects, so clearly many other projects and divisions performed well to offset nearly $3.2 million in losses from the troubled projects. In response to recent problems, we have added talent to our estimating team and have added an independent bid calculation to our transmission bids. We also plan to analyze what size and type of projects make the most sense to take on with the current market conditions.
Our Nitro Electric division had revenues of $11.6 million and gross profit of $1.2 million for the quarter. While this is down from revenues of $14.0 million and gross profit of $1.3 million for the quarter ended June 30, 2016, the company improved its gross margin percent to 9.90% from 9.50%. Consequently, we have generated $1.3 million in pre-tax income for the nine months ended June 30, 2017; the best for Nitro Electric as part of Energy Services of America.
Experience is what you get when you don’t get what you want. Even factoring in the quarter loss, we have over $20.6 million in equity, sufficient cash flow to meet all our obligations, and can still potentially end fiscal year 2017 in a better position than we started. While our backlog of $68.0 million at June 30, 2017 is down from $77.0 million at June 30, 2016, it is a significant increase over the $48.8 million backlog we had had at June 30, 2015. We appreciate your continued support and look forward to finishing a strong fourth quarter on September 30, 2017.
Yours Truly,
Doug Reynolds, President ESA
It seems to me NAII is saying "yes, our patent is currently worthless, but we are going to spend a bunch of money on lawyers to try and get it put back into effect."
I sold too. I'm still smarting from the XPLT patent battle although NAII is much cheaper.
Looks like 150K purchased by the president and officer of preferred stock.
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12243720
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12243722
Seems like huge volume moving on IVFH, like 7% of the outstanding shares (2Million out of 29.9Million outstanding) in the last 8 trading days.
Looks like ADMT filed an extension today.
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12234981
Bad quarter and the stock goes up. News must have leaked beforehand, and expectations going forward must be decent. I suppose if these orders are just "delayed" as was stated we might end up with a larger than expected quarter coming up.
Looks like they are reporting mid-week before the market opens and planning on a holding a conference call. That seems like a good sign.
Elbit Vision Systems Schedules Second Quarter 2017 Results Release for August 9, 2017
GlobeNewswire•August 3, 2017Comment
CAESAREA, Israel, Aug. 03, 2017 (GLOBE NEWSWIRE) -- Elbit Vision Systems Ltd. (EVSNF), a pioneer in the science of camera-based automatic vision inspection for textile fabrics and technical webs, announced that it would be releasing its financial results for the second quarter of 2017 on Wednesday, August 9, 2017 before the US markets open.
The Company will also host a conference call the same day, Wednesday, August 9 starting at 10 am ET. Sam Cohen, Chief Executive Officer and Yaron Menashe, Chief Financial Officer, will host the call and will be available to answer questions after presenting the results.
To participate, please call one of the following telephone numbers at least 10 minutes before the start of the call:
US: 1 866 668 9141 at 10 am Eastern Time
Israel: 03 918 0610 at 5 pm Israel Time
International: +972 3 918 0610
For those unable to participate, the teleconference will be available for replay on Elbit Vision Systems’s website at http://www.evs.co.il/ beginning 24 hours after the call.
About Elbit Vision Systems Ltd. (EVS): www.evs.co.il
EVS offers a broad portfolio of automatic State-of-the-Art Visual Inspection Systems for both in-line and off-line applications, and process monitoring systems used to improve product quality, safety, and increase production efficiency. EVS' systems are used by over 800 customers, many of which are leading global companies.
This press release and other releases are available on www.evs.co.il
Safe Harbor Statement
This press release contains forward-looking statements. Such statements are subject to certain risks and uncertainties, such as market acceptance of new products and our ability to execute production on orders, which could cause actual results to differ materially from those in the statements included in this press release. Although EVS believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved. EVS disclaims any intention or obligation to update or revise any forward-looking statements, which speak only as of the date hereof, whether as a result of new information, future events or otherwise. EVS undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances.
Contact:
Company Contact Information:
Yaron Menashe, CFO
Tel: +972 4 6107609
yaron@evs.co.il
Investor Relations Contact:
Ehud Helft
Tel: +1 646 201 9246
evs@gkir.com
Another good quarter for EBN.v / EPCBF. 37% revenue increase.
In this proxy vote it looks like there is going to be $220K paid to some old employees from 2012 when the company was low on money.
http://www.evs.co.il/images/downloads/YA_14920124_1_EVS-2017-Notice-and-Proxy-Statement-YA-11-7-2017.PDF
Seems like someone is trying to get out ahead of the annual meeting.
Quarter looked good and they are positioning themselves well for the new titanium business.
I like that it seems they are trying to stick closer to their existing strengths with their growth plans.
"In addition, we are currently exploring the introduction of a variety of new product categories and new product lines, including private label products and proprietary branded products to leverage our existing foodservice and consumer customer base.
No assurances can be given that any of these plans will come to fruition or that if implemented that they will necessarily yield positive results. "
Looks like the market took a day to process the news and now it thinks it was a good quarter.
I'm hoping for some good results on April 6.
EVSNF seems to be breaking out of a flag formation on decent volume.
Seems to be breaking out of what might be considered a flag formation.
EBN.v / EPCBF had a good quarter
.73 up 21%
https://finance.yahoo.com/news/epicore-bionetworks-inc-reports-quarter-213000444.html
The last few years they have been spending money expanding capacity and hiring new sales people. Now that that is in place it looks like they are reaping the rewards. Also, shrimp prices have been trending up for the last year after a precipitous fall in 2015.
http://www.indexmundi.com/commodities/?commodity=shrimp&months=60
Thanks hweb2 and nelson1234,
In today's release they said:
"We significantly improved our balance sheet compared to March 31, 2016 levels, as we reported $3.8 million in cash and $5.0 million in working capital at December 31, 2016."
In the last quarters release they said:
"This progress has enabled us to improve our balance sheet, as we reported $2.8 million in cash and $2.4 million in working capital at September 30, 2016, both significantly improved compared to March 31, 2016 levels."
Does the $2.6 million increase in working capital count?
TPCS seems to have had a pretty good quarter
https://finance.yahoo.com/news/techprecision-doubles-date-net-income-210500670.html
On the conference call the CEO said in response to a question that they are seeing alot of opportunity from the Navy and from defense overall.
The board looks like they gave themselves a bunch of stock. An investor expressed his disapproval of the old board on the CC.
"Non-cash, stock-based compensation expense resulting from a one-time, non-recurring award of common stock to our board of directors and CEO stock option grants totaled $1.1 million in the third quarter of fiscal 2017."
It looks like a cup and handle breakout to me too.
More comments on the Savvy board. I picked some up today. Doesn't look like the market has digested how good the quarter is yet.
I'm going to hold my NAII. The chart looks pretty flat for the last few months, so I don't think there is much of hot money in it. Though it wouldn't be the first time I got caught holding the bag. Thanks SKILLZ and otcbargains for sharing your thoughts.