Acme United Corporation (ACU – $27.21) is a worldwide supplier of cutting devices, measuring instruments and first-aid products for school, home, office, industrial and hardware use.
Acme United is executing its growth plans in an excellent manner. First quarter sales grew by 10 percent and earnings even by 17 percent, thanks to both organic and external growth. The outlook for 2017 is bright and the Company seems to be well on its way for another record year.
Walter C. Johnsen, the Chairman and CEO of Acme United, reiterated the guidance for 2017 of approximately $137 million in sales (+10% vs 2016), net income of $6.7 million (+14.5% vs 2016), and $1.76 earnings per share (+7.3% vs 2016). In addition, Mr. Johnsen recently said at the Disruptive Growth & Healthcare Conference in New York that $160 million in sales [click to continue…]
Tecogen Inc. (TGEN – $3.68) took a 200 tons TECOCHILL natural gas-engine driven chiller into operation at the Valley Sports Arenas ice rink in Concord, MA. The TECOCHILL system provides Valley Sports with a reliable, proven, efficient, and cost-effective alternative to the conventional electric motor-powered chiller, which it replaced.
The #1 cost of operating a rink is making the ice, as the glycol-water mixture that circulates beneath the ice sheet at the rink, has to be maintained at 15ºF. This is where the TECOCHILL stands out. It can cut a building’s cooling cost in half by eliminating most of the electrical demand (kW) associated with providing cooling.
In addition to using low-cost natural gas, the engine-driven chiller provides added efficiency and [click to continue…]
When we first featured Auxilio Inc. (AUXO – $5.26) in October 2015, its stock was trading at $0.95. Within less than two years of our recommendation, the stock hit a high this week of $5.73, and it’s even been as high as $6.72 a couple of weeks ago. Taking into account the 1-for-3 reverse split from January 2017, the stock went up 101% and 136% respectively.
Several catalysts during the past few quarters contributed to this excellent achievement. The Company signed several multimillion dollar contracts, it uplisted to the NYSE Mkt and most importantly it completed a $34.3 million acquisition that is expected to immediately boost sales and earnings.
Auxilio’s biggest achievement was its [click to continue…]
Enforcer Gold Corp (TSX-V: VEIN), which is advancing Globex’ (TSX: GMX – $0.54 & OTCQX: GLBXF – $0.39 & Fra: G1MN – €0.35) Montalembert high-grade gold property, raised close to $5 million in a non-brokered private placement. The additional cash injection makes Enforcer a very well-financed company, knowing that it already had more than $3.6 million in the bank late January 2017.
Enforcer Gold issued: 8,701,200 units at a price of $0.20 per unit, for proceeds of $1,740,240; and 12,960,000 “flow-through” common shares, at a price of $0.25 per flow-through share, for proceeds of $3,240,000. Each unit consists of one common share and one-half of one common share purchase warrant. With each warrant, one common share of the company can be acquired at a price of $0.30 for a period of 24 months.
Flow-through shares entered the Canadian tax code about 30 years ago. It’s a tax-based financing incentive that is available to certain corporations in the mining, oil & gas, renewable energy, and energy conservation sectors.
Canada’s Income Tax Act allows companies to [click to continue…]
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…]