Thursday, November 17, 2011 8:49:27 AM
Biolase Technology (Nasdaq: BLTI)
Recent price: $3.03
I first profiled this dental technology company in January, when shares traded at about $1.50. The stock quickly moved up to a 52-week high of about $6.85 soon thereafter. A 50% pullback from that peak leads me to again remind investors of the compelling value in this stock.
Under the tutelage of fresh management that came aboard in 2009, quarterly results keep getting stronger. Sales are expected to more than double this year to $54 million in comparison with last year, and rise another 30%-40% in 2012 as sales channels are tweaked.
This stock is no longer simply a story about dentistry. Look for Biolase to release new laser-based devices in the fields of ophthalmology, orthopedics and aesthetics in 2012. This means profit growth will be erratic during the next two years as Biolase invests in these new vertical niches. This also means that (projected) $75 million revenue base in 2012 could become a $150 million revenue base in a few years. I look for this stock to revisit the 52-week high of $6.85 during the next 12 months.
http://seekingalpha.com/article/308471-5-small-stocks-with-home-run-potential
Recent BIOL News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/13/2024 08:30:46 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/13/2024 08:05:17 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/06/2024 08:05:18 PM
- Form PRE 14A - Other preliminary proxy statements • Edgar (US Regulatory) • 03/08/2024 11:31:05 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/05/2024 11:05:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/27/2024 09:14:14 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/23/2024 09:05:29 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/21/2024 09:39:54 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/21/2024 12:01:01 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/15/2024 10:15:33 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 06:10:34 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 02/14/2024 05:15:26 AM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 01:03:55 AM
- Form S-1/A - General form for registration of securities under the Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 02/09/2024 01:44:40 PM
- Form S-1/A - General form for registration of securities under the Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 02/07/2024 11:11:07 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/07/2024 11:04:56 AM
- Form S-1/A - General form for registration of securities under the Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 01/31/2024 02:57:42 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/29/2024 10:01:33 PM
- BIOLASE REPORTS UNAUDITED REVENUE GROWTH FOR FULL YEAR 2023 AND PROVIDES OUTLOOK FOR FULL YEAR 2024 • PR Newswire (US) • 01/29/2024 11:30:00 AM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 01/24/2024 10:21:31 PM
- Form S-1 - General form for registration of securities under the Securities Act of 1933 • Edgar (US Regulatory) • 01/19/2024 11:09:03 AM
- BIOLASE ENHANCES EDUCATION OFFERINGS IN 2024 DUE TO INCREASING DEMAND OF DENTAL LASER COURSES THROUGHOUT 2023 • PR Newswire (US) • 01/08/2024 09:05:00 PM
- BIOLASE RECEIVES SECOND TOP WORKPLACES 2023 AWARD • PR Newswire (US) • 01/03/2024 09:05:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/29/2023 09:05:28 PM
- Form S-1 - General form for registration of securities under the Securities Act of 1933 • Edgar (US Regulatory) • 12/26/2023 10:22:25 PM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
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