The biggest gains on the NASDAQ of 2013 could be ahead for Concurrent (CCUR). You must check out the income statement for CCUR over the past four quarters: http://finance.yahoo.com/q/is?s=CCUR
CCUR has been reporting huge, consistent growth every quarter in revenues, gross profit, operating profit, and net income! In fact, CCUR's net income last quarter was up 450% from three quarters ago and its operating income was up 559%. This is insane!
CCUR has reduced operating expenses from 56.2% of revenues three quarters ago to only 51.8% of revenues last quarter, while simultaneously raising gross margins from 57.4% to 59.1%. This made CCUR's operating profit margin rise over the past twelve months from 1.2% to 7.3%! Unbelievable!
Last quarter, CCUR earned GAAP EPS of $0.11, which also equals non-GAAP EPS of $0.16. CCUR's profits will likely continue growing very rapidly in the upcoming quarters as they are beginning to power Virgin Media (VMED)'s new Virgin TV Anywhere service for video on demand (VOD) delivery to the tablets/smartphones of their 3.8mm video subscribers located across the U.K. Time Warner Cable (TWC) recently launched their Android and iOS VOD apps, and CCUR's CDN platform is now powering VOD delivery to the mobile devices of their 12mm video subscribers located across the U.S.
CCUR's business will continue to boom as pay-TV operators launch multi-screen services to better compete with Netflix (NFLX). NFLX Is up 347% this year and their quarterly operating income is up 97% vs. CCUR's up 559%. NFLX's operating margin has improved from 1.8% to 3.1%, while CCUR's has improved from 1.2% to 7.3%. CCUR operating margin is now 235% above NFLX and NFLX is trading with an enterprise value/revenue ratio of 3.48, which would value CCUR at $27.69 vs. its current price of $6.94!
CCUR's huge CDN deals with VMED the #1 cable TV operator in the U.K and TWC the #2 cable TV operator in the U.S. are expected to begin adding big to their revenues/profits this quarter!