RE: Record Quarter and profitability These are very good numbers which should continue to improve, as the two most recent acquisitions become fully intergrated.
A record quarter with sales increasing by 34 % to $11.4 million.
Equally important, gross margins increased to 21 % to $2.4 million from 18.8 %.
And, net earnings increased to $270,000 or about
.0033 per share, also a record.
UZZ is now ontrack for annual sales of about $50 million and net earnings of 1.5 cents per share.
Given this perf, UZZ should be trading above
.10 per share.
It is bulking up its sales and margins in order to put itself up for sale and be acquired.
Thats why Fredy has been acquiring more shares.
I foresee such a sale for about $12 to $15 million or about
.15+ per share.
That would still be less than 0.35 per $unit of sales.........very cheap in this niche.