RE:financials looking goodThanks. Looks good.
Positives:
a) cash in hand of about $41M
b) New product funnel
c) China market - 11B market and say if 500M of that is for sensors, their current rev from china is just about $5M for half year( or 10M a year) - there is lot of room to grow here. ( 500M is my conservative estimate, it could be lower )
Negatives:
a) lower rev guidance. Semi conductor market is kind of slowing and looks like that is catching up. or Q2 could be an outlier - it does look like that. 10 to 12 is their normal rev per quarter.
b) Tax Liablity of 2M - not a biggie; they have so much cash in hand and are generating about 3M per quarter so this is not a big deal.
EPS 6 cents for first half and if they can bring in 5 cents for the next half that is about 11 cents for the year. Lets see how Mr market prices the stock.
China & new product will drive the stock price IMO.
GLTA