I think this part of the opening remarks is key to building shareholder value:
We ended 2014 with $12 million in backlog. This is not just a gut feel in part of our Board and management, but driven home by the receipt of $15.4 million order in the first quarter, the largest in our history. Our backlog grew to approximately $27 million to $28 million at the time and our pipeline of near-term opportunities has grown to over $75 million in value.
At the same time, as we are excited about our existing products, DSIT is developing a new line of drone-related products, which I will discuss in further detail later on the call.
We firmly believe that DSIT has reached an inflection point to allow us to fund its activities and those of our other two operating companies to the point where it and other two businesses can grow and self-fund and become cash flow positive.
Sentiment: Strong Buy
Legitimate concerns/points, and I thoroughly understand where you are coming from. IMO, at these levels the risk/reward is on the reward side. I believe the stock could go to zero, but I also believe the stock has the potential to be a 10 bagger. In the end, It's only money. LOL
Dssi, for the first time in a long time I actually believe there is justification for believing ACFN has turned the corner. Your recap is on the mark, however it should be pointed out that Moore said operations can now be funded through free cash flow. Also, the new hires have impressive backgrounds and should accelerate sales/revenue generation. Count me as one that was pleasantly surprised by the state of ACFN, and management's renewed focus on cost containment and profitability. I know that this being posted by me will be hard for many to believe....LOL
Moore/hype should be fired for these results. Unacceptable to lose more than money than you took in...how in the hell does that happen? Gotta love it.
Good points....clearly the BOD is Moore's rubber stamp. Incredible as these are all accomplished managers. A stock goes from $10+ to 36 cents and the CEO is still running the show? Surely they must see the problem for what it is....Moore/hype.
Yep, IMO, this is no longer, at least for the near term, a technology incubator company. ACFN's future is now riding on DSIT. The DSIT contract mentioned today isn't fully realized for at least two years. I think ACFN will need to raise operational capital to survive, but selling more stock at these levels would significantly dilute shareholders. If Moore does go that route it will be after a reverse split. IMO, Moore has this company, and it's shareholders, in a very precarious position.
I think everyone can assume based on the cash on hand number shared today, that there will be a substantial loss reported in a couple weeks. In addition, we should hear about the other two companies and how they performed. IMO, there is still bad news to be released, and this might not be the bottom. I also believe a reverse split is now inevitable, and might be announced sooner than later. Today's volume tells me some investors, and funds, threw in the towel. I think they are growing tired of Moore/hype.
All good questions, but I guess the one analyst on the call still holds shares. The Quarterly report will be out in a couple weeks and then we'll get some more answers.
LOL. I feel for the investors sucked into Moore's hype....sad. Now get ready for a heavy dose of spin at 11am. Maybe the stock will close green.
...where is the partnership announcement? When will Moore/hype release the quarterly? Will an analyst kiss up to Moore/hype on the call? Remember what Moore/hype used to do before ACFN.
Acorn Energy (NASDAQ:ACFN) says it has stopped funding its majority-owned US Seismic Systems subsidiary and that USSI has suspended operations and terminated its employees.
USSI intends to sell its assets and expects most of the proceeds will be used to pay creditors; it is uncertain whether any proceeds will be available to ACFN shareholders.
Outstanding news, plus CAMT presents at the Roth Conference today at 5:30 EST.
MIGDAL HAEMEK, Israel, March 9, 2015 /PRNewswire/ --
Camtek Ltd. (NASDAQ and TASE: CAMT), today announced the receipt of an order for 9 Eagle-i systems, its new generation of 2D surface inspection and metrology inspection systems. The order was from a global semiconductor company specializing in the manufacture of CMOS image sensors.
This important order is for Eagle-i systems which are designed to meet the semiconductor industry's roadmap and support the fast growing CMOS image sensor market.
The systems are expected to be installed by the end of the second quarter of 2015.
Ramy Langer, Vice President and Head of Camtek's Semiconductor Division, commented, "This new order reflects Camtek's capabilities in providing unparalleled inspection and metrology solutions for the semiconductor market's most demanding requirements, and reinforces our leading position in the fast growing CMOS image sensor segment. The systems will support an increase in our customer's production capacity to meet the accelerating demand for its leading products."
Sentiment: Strong Buy