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SmallCapReview.com: Small Cap Stocks to Watch
(M2 PressWIRE Via Acquire Media NewsEdge)
RDATE:08052008
Energy Conversion Devices (Nasdaq: ENER) Closed at $34.81. Today
announced financial results for the third quarter and nine-month period
ended March 31, 2008. Total consolidated revenues for the quarter were
$70 million, up 24 percent from second quarter revenues of $56.4
million, and 155 percent higher than third quarter fiscal 2007 revenues
of $27.4 million. Solar product sales were $64.9 million, a 31 percent
sequential increase and a 193 percent increase over the prior-year
quarter.
Net income for the third quarter was $7.0 million, or $0.17 per share,
compared to a net loss of $5.4 million, or $0.14 per share, in the
second quarter of fiscal 2008, and a net loss of $6.9 million, or $0.17
per share, in the year-ago period. Third quarter results include
preproduction costs of approximately $751,000 and restructuring charges
of $2.4 million, representing $0.08 per share in the aggregate.
What They Do: Energy Conversion Devices is the leader in building
integrated and commercial rooftop photovoltaics, one of the fastest
growing segments of the solar power industry. The company manufactures
and sells thin-film solar laminates that convert sunlight to energy
using proprietary technology.
How They Trade: ENER has a 52 week high of $36.90 and a 52 week low of
$20.47. Volume averages approximately 243K shares a day.
American Superconductor (Nasdaq: AMSC) Closed at $24.67. Today
announced financial results for the fourth quarter and full fiscal year
2007 ended March 31, 2008. Revenues for the fourth quarter of fiscal
2007 were a record $38.4 million, a 101 percent increase from $19.1
million in revenues for the fourth quarter of fiscal 2006. Gross margin
for the fourth quarter of fiscal 2007 was 33.2 percent, which compares
with 5.7 percent for the fourth quarter of fiscal 2006.The company's
net loss for the fourth quarter of fiscal 2007 was $1.8 million, or
$0.04 per share. This figure includes $3.6 million in restructuring and
impairment charges related primarily to the previously announced
consolidation of AMSC's operations in Massachusetts, and a gain of $0.9
million primarily resulting from a mark-to-market adjustment on an
outstanding warrant.
Earnings before interest, taxes, other income and expense,
depreciation, amortization and stock-based compensation (EBITDAS) was a
positive $0.4 million for the fourth quarter of fiscal 2007. This
figure was negatively impacted by the aforementioned $3.6 million in
restructuring and impairment charges. This compares to an EBITDAS loss
of $8.7 million for the fourth quarter of fiscal 2006. Please refer to
the financial schedules attached to this press release for
reconciliation of EBITDAS to GAAP net loss.
What They Do: AMSC is a leading energy technologies company offering an
array of solutions based on two proprietary technologies: programmable
power electronic converters and high temperature superconductor (HTS)
wires. The company's products, services and system-level solutions
enable cleaner, more efficient and more reliable generation, delivery
and use of electric power. AMSC is a leader in alternative energy,
offering grid interconnection solutions as well as licensed wind energy
designs and electrical systems.
How They Trade: AMSC has a 52 week high of $32.74 and a 52 week low of
$14.22. Volume averages approximately 602K shares a day.
Rudolph Technologies (Nasdaq: RTEC) Closed at $9.34. Today announced
that it has received multiple system orders for its recently-introduced
AXi940 macro defect inspection module from a major chip manufacturer
based in Singapore. This order for three systems reflects the success
of an evaluation for advanced photolithography and CMP applications.
Two systems shipped in April, with the third scheduled for June.
What They Do: Rudolph Technologies is a worldwide leader in the design,
development, manufacture and support of high-performance process
control metrology, defect inspection and data analysis systems used by
semiconductor device manufacturers.
How They Trade: RTEC has a 52 week high of $18.29 and a 52 week low of
$8.11. Volume averages approximately 211K shares a day.
Argon ST (Nasdaq: STST) Closed at $17.70. Today announced results for
its second fiscal quarter ended March 30, 2008. Second quarter 2008
revenue of $88.4 million grew 38 percent compared to $64.3 million in
the second quarter ended April 1, 2007 and increased 19 percent
sequentially from $74.3 million in the first quarter of 2008. Operating
income for the second quarter increased to $9.0 million compared to
operating income of $6.5 million for the corresponding quarter of the
prior year and $6.8 million in the first quarter of 2008.
Net income for the quarter grew to $5.5 million compared to $4.2
million in the second quarter of the prior year and $4.3 million in the
first quarter of 2008. Adjusted EBITDA (See Non-GAAP Financial
Measures) for the quarter was $12.1 million or 13.7 percent margin on
revenue compared to Adjusted EBITDA of $9.0 million, or 13.9 percent
margin on revenue in the second quarter of the prior year and $9.6
million or 13.0 percent margin on revenue in the first quarter of 2008.
Bookings for the quarter were $74.1 million; backlog at the end of the
quarter was $270 million.
What They Do: Argon ST, Inc. designs, develops, and produces systems
and sensors for the Command, Control, Communications, Computers, Combat
Systems, Intelligence, Surveillance, and Reconnaissance (C5ISR) markets
including SIGINT (Signals Intelligence), ESM (Electronic Support
Measures), EW (Electronic Warfare), IO (Information Operations),
imaging, and acoustic systems serving domestic and international
markets.
How They Trade: STST has a 52 week high of $27.20 and a 52 week low of
$15.18. Volume averages approximately 111K shares a day.
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