Repro Med Systems Inc (REPR)

[quilix]

This was a great quarter.
I broke out Some Q4 Numbers:
Revenue: 2.63 Million
Net Income: 378K
SG&A: 961K
Cash Flow from Operations: 395K

Sales had been hanging around 2 million a quarter for the past 2 years but we see a big jump in this Q. It looks like the new sales team is getting stuff done.

Net Income hit its highest level in a few years. Net Income jumps around a lot with this co. For example it was 351K in 2013Q2 then 56K in 2013Q3 and 229K in 2013Q4. But net income has been growing consistently in the past few quarters - so this might be more sustainable and continue to grow.

SG&A expenses have always seemed really high and they have grown with sales over the past few years which is why net income hasn't increased that much even though sales have. However SG&A sales have now been right around 1 million a quarter for the past 6 quarters. Even though sales this Q were up 21% sequentially from Q3 SG&A was slightly lower. If that trend continues it bodes very well. And since it seems the new sales team and bonuses etc are all in place that very well might happen.