1x '18E $ACFN Cash Sales of $6M should beat the St
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Posted On: 02/15/2018 12:18:45 PM
1x '18E $ACFN Cash Sales of $6M should beat the Street
remote pipeline and generator monitoring company $ACFN now has $2M in net cash following asset sale. Nice growing, stable and predictable business with high margin, annual service fees + hardware sales. CEO is a very smart microcap value stock manager, who was drafted to rescue the company 2 years ago. He understands capital markets and finance and so he's been able to focus on the right things and knows how to lead the company forward on an M&A effort - as far as multiples he'll pay and cost of capital. Hard to see how this sleepy company won't at least double as they progress to cash flow positive by early 2019 at latest, with a solid financial runway to get there.
Here's today's press release conf call script / transcript will be on www.acornenergy.com in next day or two.
remote pipeline and generator monitoring company $ACFN now has $2M in net cash following asset sale. Nice growing, stable and predictable business with high margin, annual service fees + hardware sales. CEO is a very smart microcap value stock manager, who was drafted to rescue the company 2 years ago. He understands capital markets and finance and so he's been able to focus on the right things and knows how to lead the company forward on an M&A effort - as far as multiples he'll pay and cost of capital. Hard to see how this sleepy company won't at least double as they progress to cash flow positive by early 2019 at latest, with a solid financial runway to get there.
Here's today's press release conf call script / transcript will be on www.acornenergy.com in next day or two.
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David Collins, Managing Director
Catalyst Global Investor Relations
www.catalyst-ir.com
dcc@catatalyst-ir.com
212 924 9800
David Collins, Managing Director
Catalyst Global Investor Relations
www.catalyst-ir.com
dcc@catatalyst-ir.com
212 924 9800