Acme United Corporation (ACU – $27.70) is a worldwide supplier of cutting devices, measuring instruments and first-aid products for school, home, office, industrial and hardware use.
Acme United’s sales and earnings were down in the second quarter. Oddly enough, the major reason for the decline is the Company’s booming online sales activity. While Acme registered about $15 million in online sales in 2016, which was double from the previous year, they continue to grow at a strong pace.
The order and fulfillment patterns for online sales however are profoundly different compared with brick and mortar store sales. They actually differ so much that a significant portion of Acme’s back-to-school business will be booked in the third quarter instead of the second. [click to continue…]
With great curiosity, investors were looking forward to Tecogen’s (TGEN – $3.27) second quarter financial results, as they were the first to be made public after the Company’s acquisition of American DG Energy (ADGE) on May 18th.
Tecogen certainly delivered on expectations. Revenue in the second quarter, ended June 30, 2017 was $7,590,540 compared with $5,687,308 for the same period in 2016. An impressive surge of 33.5% and the highest quarterly revenue ever in the Company’s history.
The merger with ADGE added $774,192 in revenue to the quarterly result. Note that this number only represents ADGE’s revenue that was earned over the six week period after the merger date on May 18th, 2017, NOT the entire quarter. [click to continue…]
Globex Mining (TSX: GMX – $0.51 & OTCQX: GLBXF – $0.40 & Fra: G1MN – €0.34), received an impressive royalty payment of CDN$121,917 (US$96,081) from zinc production at the Mid Tennessee Mines during the month of July.
The Mid Tennessee Mines, owned and operated by Nyrstar NV (OTC – NYRSY), were shut down in 2015 due to low zinc prices. Because the metal price has significantly recovered since, Nyrstar restarted mining and processing operations in May 2017.
Globex is entitled to a 1.4% royalty when LME zinc prices are at or over US$1.10 per lb, and a 1% royalty when the zinc price is between US$0.90 and US$1.09 per lb. [click to continue…]
Cuda, the fishing tools brand of Acme United (ACU – $27.10), has a habit of each year becoming bigger and better at the ICAST show in Orlando, Florida. This year was no different. From distributors to buyers and media, representatives from the domestic and international fishing community, all visited the attractive 20’ by 30’ Cuda booth (see image slider below).
Only three years ago, Cuda was brand new and practically unknown. Since then, there has been a tremendous increase in brand recognition, thanks to the flow of exciting new tools that Cuda has brought to the market. Cuda has truly grown into a lifestyle brand.
At this year’s ICAST show, Cuda introduced more than twenty new tools, including several items in completely new product categories, such as nets and gloves. In addition, as Cuda aims to become a lifestyle brand for anglers, it also launched bracelets for men and women, and microfiber towels. [click to continue…]
When Agricola Industrial La Lydia ordered its second 10kW Radiant Energy Vacuum (REV) machine back in May 2017, we noted that the original agreement between EnWave (TSXV:ENW – $0.99 CAD & OTC:NWVCF – $0.76 USD & Frankfurt:E4U – €0.65) and La Lydia stipulated that in order for the latter to retain its geographic and product exclusivity, it had to submit a purchase order for a 100kW REV machine within one year of the start-up of the initial 10kW commercial unit.
Since the initial unit was installed in the summer of 2016, it was logical to assume that a major order from La Lydia was in the pipeline.
Now, La Lydia, a Costa Rican company especially known for producing and exporting golden pineapples, has ordered a 100kW continuous REV production line through its newly formed business entity Pitalia S.A. The order is estimated to be worth approximately $1.5 million. [click to continue…]
After having provided reliable cooling for almost thirty years, a regional utility company in Boise, Idaho, decided that it was time to replace its Tecogen (TGEN – $3.27) chiller with… a brand new TECOCHILL. The unit will provide 150 refrigeration tons of year-round cooling for the corporate headquarters of the company.
Having a customer come up and say that it wants to replace its 30 year old chiller with an identical one, albeit a modern version, is a true testament of the durability and reliability of Tecogen’s equipment.
Although the new water-cooled chiller is of similar size to the old one, it is a much more efficient machine, enabling the customer further operational savings beyond what the original equipment provided. Also, the new chiller comes with the unique and patented Ultera system, which reduces the emissions of pollutants contributing to smog (NOx, CO, and hydrocarbons) to near zero levels.
In addition to the strong construction of a machine, its systematic maintenance also [click to continue…]
A few weeks ago, EnWave Corporation (TSXV:ENW – $0.97 CAD & OTC:NWVCF – $0.81 USD & Frankfurt:E4U – €0.64) entered into a contract with the US Army Natick Soldier R&D Center to jointly develop low weight, high quality, nutritious field rations for the U.S.
This opportunity for EnWave is enormous, as potentially hundreds of thousands of men and women in active duty could be served Radiant Energy Vacuum (REV) dried rations.
To give more color on this contract and its potential, we were fortunate to sit down with Dr. Tom Yang, Senior Food Technologist at the U.S. Army Combat Feeding Directorate (CFD), and a strong advocate of EnWave’s REV technology. [click to continue…]