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Perceptron, Inc. (PRCP)

NASDAQ Global Market - NASDAQ Global Market Delayed Price. Currency in USD
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7.210.00 (0.00%)
As of 4:00PM EDT. Market open.
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  • J
    J
    J
    why isn't PRCP trading today?
  • R
    Robo
    Robo
    Under $7---let's see if that wakes up the BOD
  • R
    Robo
    Robo
    Stock ignores good news
  • R
    Robo
    Robo
    EXPLORE STRATEGIC ALTERNATIVES!
  • R
    Robo
    Robo
    Little doubt the Auto Industry has transitioned to the downward part of the cycle. Plenty of consolidation ahead for those serving the industry. Hopefully, PRCP finds a new home. When you can't squeeze any more blood from the stone, that's the next step.
  • R
    Robo
    Robo
    Litigation settlement a positive. 1. Removes final outstanding contingency in the Financial Statements. 2. Settles an imponderable for a small non-recurring charge of $1 million versus a minimal amount plaintiff was seeking of at least $4 million (+ interest?). 3. Reduces recurring legal expense that would otherwise impact EPS going forward. 4. Leaves the company "clean to look at" for any possible acquirer. 5. generally speaks to continued rationalization of expense efforts on the part of current management. PRCP still makes the most sense as part of a larger 3D metrology company IMO.
  • R
    Robo
    Robo
    Best strategy remains, as it has for a decade, to seek a larger deep pocketed buyer in 3D metrology. As a standalone, this goes absolutely nowhere.
  • R
    Robo
    Robo
    C'mon Harbert, get this cash-sucking albatross sold.
  • R
    Robo
    Robo
    Company probably needs a $25 million -$50 million cash infusion to aggressively accomplish everything on its agenda. I'm not saying they will do this--just that it is what might be necessary to aggressively attack their markets. Instead they will more likely "bootstrap" growth incrementally w/tedious and tortuous attempts to reach and then sustain positive cash flow from operations. They have starved cap ex. Directors take stock instead of cash as payment. Headcount has been cut. Efficiencies are being achieved. But the stark reality is the company is just too small to exist as a standalone. The best jump start they could get to the next level would come from an acquisition by a deep-pocketed parent company willing to do what is necessary to enact a quantum leap rather than an agonizing multi-year/half decade crawl as an under funded standalone. As w/most executives and directors, the main issue is getting past giving up control and doing what is best for shareholders.
  • R
    Robo
    Robo
    Death by a thousand cuts. That last earnings report was a doozy. They either sell the company or get stuck in "zombie status" unable to generate annual positive cash flow from operations. Too bad because the technology is terrific. It's just housed in the wrong place in a company w/too small of a revenue base and lacking financial flexibility.
  • R
    Robo
    Robo
    PRCP=negative cash flow from operations.
  • R
    Robo
    Robo
    Company is in a Catch-22: They really need to boost revenues (probably to $125 million annually or more) to support their fixed cost base and add economies of scale, and start generating free cash flow to then grow organically. They probably cannot do that w/o funding working capital and upgrading products which requires free cash flow. Still expect an equity offering is possible. FWIW, An Investor Presentation was disclosed in a recent 8K filing. Gonna be stuck until they are consistently cash flow positive from operations. Backlog good. Order rate good. Need cash to complete it out. Unfortunately in the past few years they have "squandered" cash--from $34 million to $5 million currently--w/o any annual profitability or free cash flow to show for it.
  • R
    Robo
    Robo
    You just cannot miss the current quarter estimates--no matter how good the forward guidance, backlog or bookings.
  • R
    Robo
    Robo
    PRCP is starving Cap Exp. and still Bleeding Cash From Operations. They had strongly positive earnings last quarter (Fiscal 2Q) and had Negative Cash Flow from Operations . This will be the third consecutive fiscal year of Negative Cash from Operations as cash has fallen from $34 million at 2014 fiscal year-end to $5 million currently. They need to fund working capital and update their products. How are they going to do that? They need to either sell the company or do a capital raise. They are completely boxed in. They probably can't cut more people given their backlog and booking growth. The fixed costs remain fixed. They have gotten almost as much as they can get from other cost cuts and are down to starving cap exp. The growth metrics are strong, the cash flow to fund it is not there. Obviously their banker was closely watching the same trend. A deeper pocketed parent is the clear solution, or they could just dilute shareholders I suppose. Taking on debt unfortunately comes w/covenants at high risk to customer timing variables and a more fierce watchdog than shareholders who keep voting in the same directors.
  • R
    Robo
    Robo
    From CC: the covering analyst: :"I'll hop back in the queue"----What queue? Crickets.
  • R
    Robo
    Robo
    Note to management: 1. Stop losing money. 2. Start generating cash.
  • R
    Robo
    Robo
    Suspect the hedge fund back in selling into strength around the $8.50 per share pivot price. Watch for another 13D filing before the May 8 earnings release. Sell some, lay fallow for a day or two, come back and sell a little more after the share price rebounds as the seller steps aside for a little time--think it is a popular exit strategy so as not to torpedo the share price. Most traders are wise to that and likely trade in accordance under the larger holders' pricing umbrella. Just a guess.
  • R
    Robo
    Robo
    Moab cut their stake again over another 100,000 shares. Paring exposure ahead of March quarter earnings. Second big sale by them in the last couple months since the very strong earnings report for the December quarter. Reversion to the mean coming for earnings in the March quarter?
  • A
    Anonymous
    Anonymous

    Nearly all men can stand adversity, but if you want to test a man's character, give him power. http://dataunion.tistory.com/2945

    Perceptron NASDAQ : PRCP Correlation Histogram
    X axis : Stocks Price Correlation Coefficient Y axis : Quantity of stocks May-2016 1,000 Day Parameter 2,830 NASDAQ Stocks Price Analysis This stock mode of correlation coefficient is 0.5 In other words, the correlation coefficient of the other stock
    dataunion.tistory.com
  • R
    Robo
    Robo
    The Board of Directors has been incredibly stubborn in not pursuing sale of the company or hiring an IB to explore strategic alternatives. FARO or Hexagon or any other number of industry counterparts could acquire this and it would make terrific sense. PRCP does not have the top line size to leverage its business and absorb the fixed costs. They also need to more rapidly diversify the business than they can do alone. Insiders have been riding the gravy train of exorbitant director fees and management compensation for quite a while despite negative cash flow.