Good news= big amount of orders in 2014, bad news=will have to pay the judgement amount. CVV usually announces some news just before earnings at end of March. This could be orders received to date or something else, but i expect record revenue and profits in Q4 and probably 2015 Q1. May take the stock price to $20.
Unfortunately, the sales tax issue won't be resolved quickly. Not sure of any amount owed either. So many variables. Best hope is recent activist buys for $5. ARCI's last few years stock price seemed to be moved by when they receive money for their carbon credits as their appliance division is near breakeven ususally.
It's also refreshing to have as much detail as it did in this PR. To me, it explained a lot more than a typical release for a contract. No proof to the rumor that the government was the U.S. LOL.
i'm sure there are orders. Somewhat unusual for mgnt not to announce what the orders were for the qtr. Perhaps they are waiting on some additional imminent orders and will announce several things at once. Based on prior announcements, sales for Q4 should be a record, can only hope net income will be too.
With over 3000 banks on board and discounting all other products and hype, they are only making gross of $5.6M a qtr? That is less than $2000 per bank per qtr. Are you kidding? WIth Bof A alone they should be doing $6M. They need to restructure the fee on these old contracts ASAP. GLTA-holding but frustrated long
you are right about the cap on the revenue which has held back the stock,. I think the general thought is that as some of the old agreements get updated with new fee structure, revenue at MITK will go up. How can you be in 3000 banks and only generate $5M in revenue. Will see in future qtrs.
Not sure who is giving you 3 thumbs down, but what you said, as far as i know, is all acurate. I've been in MITK for few years thinking the technology and adoption rate, as fast as it was, would lead to big stock gains. Gross revenue did not grow as fast as most would hope.THe recent increase is expecting good earnings, look out if earnings disappoint.
On January 19, 2015, CVD Equipment Corporation (the "Company") received an Arbitration Demand and Complaint which was filed with the American Arbitration Association by Development Specialists, Inc., an Illinois corporation ("DSI"), solely in its capacity as an assignee for the benefit of creditors of CM Manufacturing, Inc. f/k/a Stion Corporation ("Stion"), a Delaware corporation, (collectively the "Plaintiff").
In its compliant, the Plaintiff claims, among other things, that the Company breached its agreement with Stion by failing to design, engineer, manufacture and timely deliver a certain custom furnace used in the manufacture of solar panels. The Plaintiff also asserts claims relating to breach of warranty, conversion, misappropriation of trade secrets and a declaration that DSI is not liable under the Company's proof of claim filed against Stion in connection with Stion's October 2013 assignment for the benefit of its creditors in favor of DSI or Stion's agreements with Company. Plaintiff seeks monetary damages of approximately $6.9 million plus interest and attorney's fees, and certain injunctive relief and other unspecified money damages.
The Company believes that these claims have no merit and intends to vigorously defend its interests in this matter.
AGreed, pe on a non gaap basis for 2015 is less than 7.Crazy. If folks buy in now, all i say is hold for 30-60 days and see what happens. The likelihood of mgnt announcing some kind of contract is fairly high. If they announce another 50M in contracts, this should be right back up to $15.