Great progress The company appears to be firing on all cylinders. Fourth quarter should be strong with solid cash flow generation. I estimate that the company can easily generate over $1 m in free cash flow on an annual basis going forward. This is a significant highlight for the company and its shareholders.
free cash flow yield > 10% of market cap
The company acquires companies at 2 times sales and the current price to sales ratio is =~ 1.3 times. In other words, this company is cheaper than the purchase price multiple of acquired companies.
One other thing to watch out for is the long term debt that is coming due within the year. What will the terms of the new agreement be and the interest rate?