We're not talking about a high tech company here. That being said, if they could do a consistent 5% Net Profit Margin on $100 million revenues, you be looking at an approximate EPS of $.20 and a PE of just over 6. Which would be undervalued. The key is being "consistent". Two quarters is enough to judge.
I suspect we'll see revenues similar to a year earlier and earnings lower (last year was exceptionally good).
Revenue: $15.5 million vs.$15.35 million
EPS: $.22 - $.24 vs. $.28 - $.30
30% Electrical Construction Margins in Q4, after 28% in Q3.
One of the concerns of some when the company announced it would focus on MSA work would be smaller margins. I'd say this has been proven incorrect with the last two quarters where most of the revenues has come from MSA.
Even if you take Q1 loss into account, the stock is currently trading at less than 10 PE
This market isn't driven by valuation, but speculation. So unless a rumor comes out that CLRO is a takeover target, It's not getting to 16 anytime soon. Especially if they can't start to grow the top line again.