Concurrent (CCUR) is exploding today and could double between now and the end of April. It has gained the past 12 months in a row! CCUR's market cap at $7 is only $64.4 million with $24.6 million in cash and an enterprise value of only $39.8 million! CCUR paid $15 million for their media data intelligence business. This leaves just $24.8 million in value for CCUR's two main businesses!
CCUR's real-time business has been around for 5 decades. Its clients include Lockheed Martin, Boeing, Northdrop Grumman, Raytheon, Mitsubishi Heavy Industries, General Electric, Ferrari, Rolls-Royce, Daimler, Saab, Porsche, Fiat, and Thales. CCUR's real time ultra high performance technology powers simulator devicesin the defense and automotive sectors and has $27.6 million in annualized revenue! It is probably worth a minimum of $25 million, which means CCUR's video business is being valued at zero!
CCUR's #1 business is their video solutions business and right now it's receiving zero value! CCUR's video business holds a 30% market share of the global video-on-demand (VOD) market with clients like Time Warner Cable, Cox, Charter, and Bright House as well as the #1 cable TV companies in Germany, Canada, Portugal, the UK, China, and Japan. CCUR's video solutions reach 50mm plus homes worldwide! CCUR is bridging the gap between classic VOD and today's new world of IP-connected devices. CCUR is becoming a huge player in multi-screen streaming to mobile devices including tablets and smartphones! CCUR's video business has $33.8 million in annualized revenue and is extremely profitable!
CCUR earned 2012 non-GAAP EPS of $0.35 and is already on track to earn non-GAAP EPS of $0.50 this year. CCUR's main rival SEAC is estimated to report full year non-GAAP EPS after the close today of $0.40 and it's trading for $11.22! CCUR should be trading for $10-$14 per share right away!