Value Microcaps Motherboard

[cliffvb]

IECE- bottom line is a disappointment (-2c vs 1c), but sales were up substantially (5.6M vs 4.7Mil). Company also noted the following:

The decrease in gross profit percentage was primarily due to start-up costs associated with new customers, and a higher operational structure required to support long term growth. We expect our gross profit percentage to improve as our sales increase, and new customers move beyond the start-up phase.


It appears to me that bottom line #s will soon improve. Also note that the raw material portion of inventories took a huge jump suggesting that they are probably gearing up for a another substantial increase in sales. I'll hold and buy more if it drops.