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Southwall Technologies Inc. Message Board

  • herenowhereandnow herenowhereandnow Mar 25, 2010 9:57 AM Flag

    earnings out, double digit increase in revs. :)

    nice work southwall!

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    • The revenue comparison with the panic-stricken 08Q4 was easy.

      More interesting to me was that on a sequential basis, revenue increased from $8.6 to $8.7 million. But, in six of the prior seven years, the sequential revenue comparison was negative.

      This would seem to indicate to me that business continued to improve in 09Q4 relative to 09Q3, which is what might be expected.

      The rpess release was very short on forward-looking commentary.

      I did notice that they continued to improve their cash/debt position.

      During the quarter, cash increased to $12.85 million from $10.49 million in 09Q3 and still up over $1 million from a year earlier.

      At the same time, total debt was $4.83 million in 09Q4 compared to $6.23 million a year earlier. The company's financial condition is no longer dire.

      With the yearly e.p.s. reported at $0.16/share, I have to go back and look at how much of it came from the extraordinary gain from the debt forgiveness from an earlier quarter, but in any case there are "untaxed" earnings levels.

      The report represent some continued progress but nothing dramatic in my view.