Acme United (ACU – $28.00), the worldwide supplier of cutting devices, measuring instruments and first-aid products for school, home, office, industrial and hardware use, started off the year very strong.
During the first quarter, ended March 31, 2017, the Company achieved sales of $27.7 million, compared to $25.3 million in the first quarter of 2016, an increase of 10%. Net income was $659,000 or $0.18 per diluted share, for the quarter ended March 31, 2017, compared to $565,000 or $0.16 per diluted share for the comparable period last year, an increase of 17% in net income and 13% in earnings per share. Both sales and earnings set a new first quarter record.
The Westcott brand was again a solid contributor to these results. During the past quarter, Acme began shipping a very innovative line of Westcott glue guns (see video below) and glue sticks to retailers in the US. These guns have non-stick internal mechanisms so that [click to continue…]
We’re very excited to have Mr. Brent Charleton, the Senior Vice President Business Development at EnWave Corporation (TSXV:ENW – $1.07 CAD & OTC:NWVCF – $0.76 USD & Frankfurt:E4U – €0.74), as our guest today. EnWave continues to make significant progress in the food and pharmaceutical markets with its revolutionary drying technology.
The interview touches upon EnWave’s first quarter financial results and provides an outlook for the rest of the year. Mr. Charleton touches upon EnWave’s royalty income as he gives an overview of REV-dried products that are already on the market, and as such generating royalties for EnWave.
Mr. Charleton also talks about the reorganization at NutraDried LLC, in which EnWave holds a 51% stake, and which produces the well-known Moon Cheese snacks.
A substantial portion of the interview is devoted to [click to continue…]
Tecogen Inc. (TGEN – $3.73) designs, manufactures and sells industrial and commercial CHP (Combined Heat & Power), or cogeneration, systems that produce combinations of electricity, hot water, and air conditioning. It’s a well-established Company, as it has already shipped over 2,300 units, some of which have been operating for almost 25 years.
In the fourth quarter of 2016, product sales and service sales increased 144% and 32% respectively, which led to the highest quarterly revenue in Tecogen’s history. The strong increase in sales lead the Company toward profitability in the last 6 months of the year. The Company expects this growth cycle to continue into the current year.
The Company’s sales backlog of equipment and installations stands at $15.6 million, well above the Company’s stated goal of maintaining sales backlog above $10 million.
At ULTRATEK, everything is going as planned. The paper presented at the SAE World Congress described how the use of Tecogen’s Ultera emissions technology resulted in [click to continue…]
Positive news for Tecogen Inc. (TGEN – $3.73), as the Securities and Exchange Commission (SEC) declared effective the Company’s registration statement in connection with its planned merger with American DG Energy (NYSE Mkt: ADGE). A special meeting will be held on May 18, 2017, where shareholders can vote in favor or against the merger. When a majority of shareholders votes in favor, the merger will be formally concluded shortly after the special meeting.
Upon completion of this acquisition, Tecogen shareholders are expected to own approximately 81% and American DG shareholders are expected to beneficially own approximately 19% of the combined company.
If successful, the transaction will create a vertically integrated clean technology company able to offer equipment design, manufacturing, installation, financing, and long term maintenance service. [click to continue…]
Globex Mining Enterprises (TSX: GMX – $0.53 & OTCQX: GLBXF – $0.40 & Fra: G1MN – €0.37) is a North America-focused exploration and development project generator. The Company’s business is to acquire mineral properties, and to advance them, either to production or to prepare them for optioning, joint venturing, or outright sale to a third party resource company.
Unlike investments in traditional junior resource companies, where most investors speculate on the outcome of one or two projects, Globex has a much lower downside as it puts its eggs in multiple baskets, allowing them to significantly reduce the inherent risk of the mineral exploration and development business.
Earlier this week, Globex acquired six cells (350 ha) located in Blondeau Township, Quebec, Canada for an undisclosed sum. [click to continue…]
ZoomAway Travel Inc. (TSXV: ZMA – $0.12 CAD & OTC: ZMWYF – $0.11 USD & Frankfurt: 4ZO – €0.08) provides hotels, golf and ski resorts, and other activity providers with a seamless, scalable and fully Integrated Technology Platform that allows customers to book discounted packaging of lodging, ski, golf, attractions, events, entertainment and transportation.
The Company is constantly gaining new clients in key geographical locations, such as Las Vegas, Northern California’s Coastal regions, and in the Pacific Northwest. During the past few months it has added its “White Label” technology reservation solution at the Eldorado Resort Casino, the Silver Legacy Resort Casino, and the Circus Circus Hotel Casino in Reno, Nevada. All three properties are owned by NASDAQ listed Eldorado Resorts.
In October 2016, the Company announced that its White Label technology booking solution was launched at the Poppy Hills golf course in Pebble Beach, California. [click to continue…]
We’re very pleased to have Mr. Walter Johnsen, the Chairman and CEO of Acme United Corporation (ACU – $27.94), with us today. The progress at the Company continues to be impressive with another record breaking year in 2016. In this interview, Mr. Johnsen explains his growth plans for Acme to make 2017 the ninth consecutive year of record performance.
Mr. Johnsen reveals how he feels about the first quarter, which ended a few days ago, and he discusses the prospects for the Company’s Canadian and European business segments.
The CEO also touches upon the growing significance of online sales for the Company, both in the United States as well as in Europe. He explains that sales at two particular online platforms are doing very well. [click to continue…]