Repro Med Systems Inc (REPR)

[mrholty]

Revs were up 44%
COGS were up 51% (not 60%)
Operating expenses were up 14%

I'm disappointed to see if this is the best they can do.

Gross Margins seem relatively stable at 60%. Historically been 62-65%.
Happy to see both the Q/Q revenue growth and the sequential revenue growth. That said Q3 historically is their best quarter.

I had been optimistic that they were able to cut their operating expenses in Q2 but it appears that may have been a one-time benefit. Its good to see that they have swung to slight profits from slight losses but I don't see the upside at $1.00/share.

They can be positive on new opportunities but there is no spend this year in R&D which doesn't make sense.

Still watching. no position.