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Costar Technologies Inc (PK)

Costar Technologies Inc (PK) (CSTI)

4.97
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Closed July 17 4:00PM

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CSTI Discussion

View Posts
Renee Renee 11 months ago
CSTI: TPZ2023 Acquisition Corp. will merge with and into Costar Technologies, Inc. upon which TPZ2023 Acquisition will cease to exist, and Costar will survive the merger and continue as a wholly owned subsidiary of IDIS Co., Ltd. CSTI shareholders will receive $4.90171 for each share of CSTI held.

FINRA deleted symbol.

https://otce.finra.org/otce/dailyList?viewType=Deletions
👍️0
AskMuncher AskMuncher 3 years ago
$CSTI Costar Technologies, Inc. Announces Financial Results For the Second Quarter Ended June 30, 2021
Press Release | 08/12/2021
Costar Technologies, Inc. Announces Financial Results For the Second Quarter Ended June 30, 2021
($ in thousands except per share amounts)
PR Newswire

COPPELL, Texas, Aug. 12, 2021

COPPELL, Texas, Aug. 12, 2021 /PRNewswire/ -- Costar Technologies, Inc. (the "Company") (OTC Markets Group: CSTI) announced today its financial results for the second quarter ended June 30, 2021.

Financial Results for the Quarter Ended June 30, 2021

Revenues of $14,717, a 0.5% increase compared to the second quarter of 2020.

Operating expenses, excluding second quarter 2020 restructuring costs of $635, were down 13.3% to $4,615, compared to $5,321 in the second quarter of 2020.

GAAP net income of $4,862, or $2.94 per diluted share, compared to GAAP net loss of $498, or ($0.31) per diluted share, in the second quarter of 2020.

Adjusted earnings of $371, or $0.22 per diluted share, compared to $508, or $0.32 per diluted share, for the quarter ended June 30, 2020. Adjusted earnings, a non-GAAP measure, is defined below.

Adjusted EBITDA of $783, compared to $650 for the quarter ended June 30, 2020. Adjusted EBITDA, a non-GAAP measure, is defined below.
Scott Switzer, the Company's Interim Chief Executive Officer stated, "The second quarter of 2021 presented a recovering but difficult global business environment. Our revenues rebounded from the first quarter of 2021 and the continued reduction in our operating expenses drove improved profitability. We launched our NDAA compliant cameras with enhanced artificial intelligence and pedestrian detection, expanding our target market and meeting customer needs. The Costar team has continued to show great resilience in a challenging situation. The strength of the team and the progress of our business transformation confirms the direction for the years ahead."

Sarah Ryder, the Company's Chief Financial Officer went on to say, "Our second quarter revenues were consistent with the prior year despite increases in sales quotation activity and order volumes. The global chip shortage and shipping and logistics issues experienced in the second quarter caused delays, pushing several orders to the third and fourth quarters of 2021. We enter the third quarter with a strong sales backlog as we continue to manage supply chain and logistics challenges. Our overall debt position decreased from $19,600 to $13,300 due to improved cash management and full forgiveness of our Payroll Protection Program loan in June 2021. In addition the Company is eligible to receive an Employee Retention Credit for the first three quarters of 2021. This credit results in a significant decrease in our payroll tax obligation, estimated to be approximately $2,550 over the three quarters."

The Company's independent auditors completed their analysis of the Company's financial condition. The Independent Auditor's Report, including financial statements and applicable footnote disclosures, is available on our website at www.costartechnologies.com.

Non-GAAP Financial Measures

The Company defines adjusted earnings, a non-GAAP measure, as net income (loss) excluding stock-based compensation, amortization of acquisition-related intangible assets, restructuring costs, PPP loan forgiveness and accrual of Employee Retention Credit. The Company defines adjusted EBITDA, a non-GAAP measure, as earnings before interest, taxes, depreciation, amortization, stock-based compensation, restructuring costs, PPP loan forgiveness and accrual of Employee Retention Credit. The following tables reconcile the non-GAAP financial measures disclosed in this release to GAAP net income (loss):


Quarter
Ended
6/30/21

Quarter
Ended
6/30/20

Six Months
Ended
6/30/21

Six Months
Ended
6/30/20

Adjusted Earnings

371

508

(110)

664

Less:





Stock-Based Compensation

(31)

(53)

(35)

(85)

Intangible Amortization

(314)

(318)

(628)

(635)

Restructuring Costs


(635)


(635)

PPP Loan Forgiveness

3,060


3,060


Accrual of Employee Retention Credit

1,776


1,776


Net Income (Loss)

4,862

(498)

4,063

(691)







Quarter
Ended
6/30/21

Quarter
Ended
6/30/20

Six Months
Ended
6/30/21

Six Months
Ended
6/30/20

Adjusted EBITDA

783

650

665

1,150

Less:





Interest

(255)

(207)

(500)

(498)

Income Taxes (Benefit)

(57)

178

(67)

243

Depreciation

(100)

(113)

(208)

(231)

Intangible Amortization

(314)

(318)

(628)

(635)

Stock-Based Compensation

(31)

(53)

(35)

(85)

Restructuring Costs


(635)


(635)

PPP Loan Forgiveness

3,060


3,060


Accrual of Employee Retention Credit

1,776


1,776


Net Income (Loss)

4,862

(498)

4,063

(691)

These reconciliations of GAAP to non-GAAP measures should be considered together with the Company's financial statements. These non-GAAP measures are not meant as a substitute for GAAP but are included solely for informational and comparative purposes. The Company's management believes that this information can assist investors in evaluating the Company's operational trends, financial performance, and cash generating capacity. Management believes these non-GAAP measures allow investors to evaluate the Company's financial performance using some of the same measures as management. However, the non-GAAP financial measures should not be regarded as a replacement for (or superior to) corresponding, similarly captioned, GAAP measures.

About Costar Technologies, Inc.

Costar Technologies, Inc. develops, designs, manufactures, and distributes a range of security solution products including surveillance cameras, lenses, digital video recorders and high-speed domes. The Company also develops, designs, and distributes industrial vision products to observe repetitive production and assembly lines, thereby increasing efficiency by detecting faults in the production process. Headquartered in Coppell, Texas, the Company's shares currently trade on the OTC Markets Group under the ticker symbol "CSTI". Costar was ranked as the 40th largest company in a&s magazine's Security 50 for 2020. Security 50 is an annual ranking by the magazine of the world's largest security manufacturers in the areas of video surveillance, access control and intruder alarms, based on sales revenue.

Cautionary Statement Regarding Forward Looking Statements

This press release contains forward-looking statements, including statements regarding the Company's ability to grow revenue and earnings, that are subject to substantial risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements, including but not limited to risks related to the ability to diversify business across vertical markets, secure new customer wins, and launch new products. You can often identify forward-looking statements by words such as "believe," "may," "estimate," "continue," "anticipate," "intend," "plan," "expect," "predict," "potential," or the negative of these terms or other comparable terminology. These forward-looking statements are based on management's current expectations, but they involve risks and uncertainties. Actual results and the timing of events could differ materially from those anticipated in the forward-looking statements as a result of the risks and uncertainties.

You should not place undue reliance on any forward-looking statements. The Company assumes no obligation to update forward-looking statements to reflect actual results, changes in assumptions, or changes in other factors affecting forward-looking information, except to the extent required by applicable laws.

COSTAR TECHNOLOGIES, INC. AND SUBSIDIARIES










CONSOLIDATED BALANCE SHEETS

(AMOUNTS SHOWN IN THOUSANDS)
































June 30 2021


December 31, 2020





(Reviewed)


(Audited)

ASSETS












Current assets








Cash and cash equivalents



$

2


$

480

Accounts receivable, less allowance for doubtful accounts






of $225 and $175, respectively


7,677



8,579

Inventories




12,762



14,225

Prepaid expenses and other current assets



3,952



2,170


Total current assets




24,393



25,454










Non-current assets









Property and equipment, net




325



533

Deferred financing costs, net







20

Intangible assets, net




5,783



6,411

Goodwill





5,574



5,574

Right of use assets, net




1,705



2,185

Other non-current assets




109



149






(661)





Total non-current assets



13,496



14,872











Total assets



$

37,889


$

40,326











LIABILITIES AND STOCKHOLDERS' EQUITY
























Current liabilities








Accounts payable



$

5,149


$

4,591

Accrued expenses and other current liabilities


4,873



5,141

Line of credit




10,110



13,024

Current maturities of long-term debt, net of unamortized






financing fees




3,199



3,592

Current maturities of lease liabilities



955



1,049


Total current liabilities



24,286



27,397










Long-Term liabilities








Payroll Protection Program loan






3,025

Deferred tax liability




116



116

Non-current maturities of lease liabilities



916



1,340


Total long-term liabilities



1,032



4,481


Total liabilities




25,318



31,878










Stockholders' Equity








Preferred stock








Common stock




3



3

Additional paid-in capital




157,746



157,686

Accumulated deficit




(140,657)



(144,720)

Less common stock held in treasury, at cost



(4,521)



(4,521)


Total stockholders' equity



12,571



8,448











Total liabilities and stockholders' equity

$

37,889


$

40,326



COSTAR TECHNOLOGIES, INC. AND SUBSIDIARIES
















CONSOLIDATED STATEMENTS OF OPERATIONS

(AMOUNTS SHOWN IN THOUSANDS, EXCEPT NET INCOME PER SHARE)






















































Three Months Ended June 30,


Six Months Ended June 30,





2021

2020


2021

2020





(Reviewed)

(Reviewed)


(Reviewed)

(Reviewed)
















Net revenues



$

14,717


$

14,640


$

25,499


$

31,668

Cost of revenues




9,728



9,154



16,690



19,532
















Gross profit




4,989



5,486



8,809



12,136
















Selling, general and administrative
expenses



3,764



4,198



7,365



9,383

Engineering and development expense



851



1,123



1,618



2,555

Restructuring costs







635






635






4,615



5,956



8,983



12,573
















Income (loss) from operations



374



(470)



(174)



(437)
















Other expenses















Interest expense




(255)



(207)



(500)



(498)


Other income, net




4,800



1



4,804



1

Total other income (expenses), net



4,545



(206)



4,304



(497)
















Income (loss) before taxes




4,919



(676)



4,130



(934)

Income tax provision (benefit)



57



(178)



67



(243)
















Net income (loss)



$

4,862


$

(498)


$

4,063


$

(691)
















Net income (loss) per share:














Basic



$

2.94


$

(0.31)


$

2.47


$

(0.43)

















Diluted



$

2.94


$

(0.31)


$

2.46


$

(0.43)
















Weighted average shares outstanding:














Basic




1,652



1,597



1,648



1,593

















Diluted




1,655



1,597



1,650



1,593

Cision View original content:https://www.prnewswire.com/news-releases/costar-technologies-inc-announces-financial-results-for-the-second-quarter-ended-june-30-2021-301354823.html
👍️0
AskMuncher AskMuncher 3 years ago
$CSTI Costar Technologies, Inc. Announces Financial Results For the Fourth Quarter and Year Ended December 31, 2020
Press Release | 03/29/2021
Costar Technologies, Inc. Announces Financial Results For the Fourth Quarter and Year Ended December 31, 2020
($ in thousands except per share amounts)
PR Newswire

COPPELL, Texas, March 29, 2021

COPPELL, Texas, March 29, 2021 /PRNewswire/ -- Costar Technologies, Inc. (the "Company") (OTC Markets Group: CSTI) announced today its financial results for the fourth quarter and year ended December 31, 2020.

Financial Results for the Quarter Ended December 31, 2020

Revenues of $12,972, a 23.4% decrease compared to the fourth quarter of 2019.
Operating expenses were down 31.2% to $4,368, compared to $6,348 in the fourth quarter of 2019. The $6,348 of operating expenses in the fourth quarter of 2019 excludes $498 relating to the change in earnout fair.
GAAP net income of $12 or $0.01 per diluted share, compared to GAAP net loss of $1,467, or ($0.94) per diluted share, in the fourth quarter of 2019.
Adjusted earnings of ($156), or ($0.09) per diluted share, compared to ($531), or ($0.34) per diluted share, for the quarter ended December 31, 2019. Adjusted earnings, a non-GAAP measure, is defined below.
Adjusted EBITDA of $140, compared to ($286) for the quarter ended December 31, 2019. Adjusted EBITDA, a non-GAAP measure, is defined below.
Financial Results for the Year Ended December 31, 2020

Revenues of $60,367, a 13.2% decrease compared to the prior year.
Operating expenses, net of a goodwill impairment loss of $939 and restructuring costs of $635, were down 19.4% to $21,368, compared to $28,117 in 2019. The $28,117 of operating expenses in 2019 excludes $498 relating to the change in earnout fair.
GAAP net loss of $8,971, or ($5.59) per diluted share, compared to a GAAP net loss of $2,698, or ($1.72) per diluted share, in 2019.
Adjusted earnings of $880, or $0.55 per diluted share, compared to ($494), or ($0.32) per diluted share, for the year ended December 31, 2019. Adjusted earnings, a non-GAAP measure, is defined below.
Adjusted EBITDA of $2,264, compared to $617 for the year ended December 31, 2019. Adjusted EBITDA, a non-GAAP measure, is defined below.
Scott Switzer, the Company's Interim Chief Executive Officer stated, "In 2020 Costar Technologies faced the many challenges of COVID-19 and the associated impact to the business. The Costar team responded, developed and executed a restructuring plan to right size the business while not losing sight of new product development and the needs of our customers. We expanded our product portfolio to include a new line of NDAA compliant cameras and solutions. As we look to 2021, we are seeing evidence of increased activity in key markets as many of our customers return to full operations and resume projects that were placed on hold with the global pandemic."

Sarah Ryder, the Company's Chief Financial Officer went on to say, "The unification of our departments through our One Costar initiative drove efficiencies in many areas of the business, allowing us to generate positive income in the fourth quarter of 2020. The result of the unification also drove company-wide efficiencies which led to a large reduction in operational expenses. I am encouraged with how well the organization has adopted the One Costar Initiative and continue to be optimistic with the recent increase we are seeing in sales activity."

The Company's independent auditors completed their analysis of the Company's financial condition. The Independent Auditor's Report, including financial statements and applicable footnote disclosures, is available on our website at www.costartechnologies.com.

Non-GAAP Financial Measures

The Company defines adjusted earnings, a non-GAAP measure, as net income (loss) excluding stock-based compensation and amortization of acquisition-related intangible assets. The Company defines adjusted EBITDA, a non-GAAP measure, as earnings before interest, taxes, depreciation, amortization and stock-based compensation. The following tables reconcile the non-GAAP financial measures disclosed in this release to GAAP net income (loss):















Quarter
Ended
12/31/20

Quarter
Ended
12/31/2019

Year Ended
12/31/20

Year Ended
12/31/19


Adjusted Earnings

(156)

(531)

880

(494)


Less:






Stock-Based Compensation

(73)

(115)

(185)

(412)


Intangible Amortization

(319)

(323)

(1,272)

(1,294)


Contingent Consideration Fair Value Adjustment


(498)


(498)


Restructuring Costs



(635)



Impairment Loss



(939)



Revaluation of Deferred Tax Asset



(4,614)



Modification to Inventory Reserve Policy

560


(2,206)



Net Income (Loss)

12

(1,467)

(8,971)

(2,698)









Quarter
Ended
12/31/20

Quarter
Ended
12/31/2019

Year Ended
12/31/20

Year Ended
12/31/19


Adjusted EBITDA

140

(286)

2,264

617


Less:






Interest

(213)

(314)

(916)

(1,320)


Income Taxes (Benefit)

29

187

(4,624)

661


Depreciation

(112)

(118)

(458)

(452)


Intangible Amortization

(319)

(323)

(1,272)

(1,294)


Stock-Based Compensation

(73)

(115)

(185)

(412)


Contingent Consideration Fair Value Adjustment


(498)


(498)


Restructuring Costs



(635)



Impairment Loss



(939)



Modification to Inventory Reserve Policy

560


(2,206)



Net Income (Loss)

12

(1,467)

(8,971)

(2,698)







These reconciliations of GAAP to non-GAAP measures should be considered together with the Company's financial statements. These non-GAAP measures are not meant as a substitute for GAAP, but are included solely for informational and comparative purposes. The Company's management believes that this information can assist investors in evaluating the Company's operational trends, financial performance, and cash generating capacity. Management believes these non-GAAP measures allow investors to evaluate the Company's financial performance using some of the same measures as management. However, the non-GAAP financial measures should not be regarded as a replacement for (or superior to) corresponding, similarly captioned, GAAP measures.

About Costar Technologies, Inc.

Costar Technologies, Inc. develops, designs, manufactures and distributes a range of security solution products including surveillance cameras, lenses, digital video recorders and high-speed domes. The Company also develops, designs and distributes industrial vision products to observe repetitive production and assembly lines, thereby increasing efficiency by detecting faults in the production process. Headquartered in Coppell, Texas, the Company's shares currently trade on the OTC Markets Group under the ticker symbol "CSTI". Costar was ranked as the 40th largest company in a&s magazine's Security 50 for 2020. Security 50 is an annual ranking by the magazine of the world's largest security manufacturers in the areas of video surveillance, access control and intruder alarms, based on sales revenue.

Cautionary Statement Regarding Forward Looking Statements

This press release contains forward-looking statements, including statements regarding the Company's ability to grow revenue and earnings, that are subject to substantial risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements, including but not limited to risks related to the ability to diversify business across vertical markets, secure new customer wins, and launch new products. You can often identify forward-looking statements by words such as "believe," "may," "estimate," "continue," "anticipate," "intend," "plan," "expect," "predict," "potential," or the negative of these terms or other comparable terminology. These forward-looking statements are based on management's current expectations, but they involve risks and uncertainties. Actual results and the timing of events could differ materially from those anticipated in the forward-looking statements as a result of the risks and uncertainties.

You should not place undue reliance on any forward-looking statements. The Company assumes no obligation to update forward-looking statements to reflect actual results, changes in assumptions, or changes in other factors affecting forward-looking information, except to the extent required by applicable laws.

COSTAR TECHNOLOGIES, INC. AND SUBSIDIARIES


























CONSOLIDATED BALANCE SHEETS








(AMOUNTS SHOWN IN THOUSANDS)






















December 31, 2020


December 31, 2019










ASSETS












Current assets








Cash and cash equivalents



$

480


$

1

Accounts receivable, less allowance for doubtful accounts






of $175 and $396, respectively


8,579



9,056

Inventories




14,225



20,196

Prepaid expenses and other current assets



2,170



2,295


Total current assets




25,454



31,548










Non-current assets









Property and equipment, net




533



910

Deferred financing costs, net




20



59

Deferred tax asset, net







4,514

Intangible assets, net




6,411



7,683

Goodwill





5,574



6,513

Right of use assets, net




2,185



3,131

Other non-current assets




149



149


Total non-current assets



14,872



22,959











Total assets



$

40,326


$

54,507











LIABILITIES AND STOCKHOLDERS' EQUITY
























Current liabilities








Accounts payable



$

4,591


$

5,639

Accrued expenses and other current liabilities


5,141



5,879

Line of credit




13,024



15,953

Current maturities of long-term debt, net of unamortized






financing fees




3,592



781

Contingent purchase price







1,490

Current maturities of notes payable, unrelated party





583

Current maturities of lease liabilities



1,049



990


Total current liabilities



27,397



31,315










Long-Term liabilities








Long-term debt, net of current maturities and






unamortized financing fees






3,592

Payroll Protection Program loan



3,025




Deferred tax liability




116




Non-current maturities of lease liabilities



1,340



2,389


Total long-term liabilities



4,481



5,981


Total liabilities




31,878



37,296










Stockholders' Equity








Preferred stock








Common stock




3



3

Additional paid-in capital




157,686



157,478

Accumulated deficit




(144,720)



(135,749)

Less common stock held in treasury, at cost



(4,521)



(4,521)


Total stockholders' equity



8,448



17,211











Total liabilities and stockholders' equity

$

40,326


$

54,507







COSTAR TECHNOLOGIES, INC. AND SUBSIDIARIES



































CONSOLIDATED STATEMENTS OF OPERATIONS


(AMOUNTS SHOWN IN THOUSANDS, EXCEPT NET INCOME PER SHARE)












































For the Three Months Ended December 31,



For the Years Ended December 31,






2020


2019


2020


2019


































Net revenues



$

12,972


$

16,938


$

60,367


$

69,526


Cost of revenues




8,408



11,433



40,857



42,960


















Gross profit




4,564



5,505



19,510



26,566


















Selling, general and administrative expenses



3,587



5,037



17,035



22,395
















Engineering and development expense



781



1,311



4,333



5,722


















Restructuring costs










635





















Impairment loss










939





















Change in fair value of contingent














purchase price







498






498







4,368



6,846



22,942



28,615


















Income (Loss) from operations



196



(1,341)



(3,432)



(2,049)


















Other expenses
















Interest expense




(213)



(314)



(916)



(1,320)



Other income, net







1



1



10


Total other expenses, net




(213)



(313)



(915)



(1,310)


















Income (Loss) before taxes




(17)



(1,654)



(4,347)



(3,359)


Current income tax (benefit) expense



(6)



597



(6)



123


Deferred income tax expense (benefit)



(23)



(784)



4,630



(784)


















Net Income (Loss)



$

12


$

(1,467)


$

(8,971)


$

(2,698)


































Net income (loss) per share:















Basic



$

0.01


$

(0.94)


$

(5.60)


$

(1.72)



































Diluted



$

0.01


$

(0.94)


$

(5.60)


$

(1.72)


















Weighted average shares outstanding:















Basic




1,625



1,568



1,603



1,568



































Diluted




1,645



1,568



1,603



1,568




















Cision View original content:http://www.prnewswire.com/news-releases/costar-technologies-inc-announces-financial-results-for-the-fourth-quarter-and-year-ended-december-31-2020-301258032.html

SOURCE Costar Technologies, Inc.
👍️0
AskMuncher AskMuncher 4 years ago
$CSTI Costar Technologies, Inc. Announces Date of 2020 Annual Meeting of Stockholders
Press Release | 09/17/2020
Costar Technologies, Inc. Announces Date of 2020 Annual Meeting of Stockholders
PR Newswire

COPPELL, Texas, Sept. 17, 2020

COPPELL, Texas, Sept. 17, 2020 /PRNewswire/ -- Costar Technologies, Inc. (the "Company") (OTC Markets Group: CSTI) announced today that the Company's 2020 Annual Meeting of Stockholders will be held on October 29, 2020 at 10:00 a.m. local time at its corporate headquarters located at 101 Wrangler Drive, Suite 201, Coppell, Texas 75019. The Company also announced that it has set the close of business on September 16, 2020 as the record date for determining the stockholders entitled to receive notice of and vote at the annual meeting.

The Company anticipates mailing its proxy statement to stockholders on or around September 25, 2020, which will include a description of the matters to be considered at the annual meeting. Stockholders may also obtain a copy of the 2020 proxy statement when it is available, as well as other information concerning the Company, at www.costartechnologies.com.

About Costar Technologies, Inc.

Costar Technologies, Inc. develops, designs, manufactures and distributes a range of security solution products including surveillance cameras, lenses, digital video recorders and high-speed domes. The Company also develops, designs and distributes industrial vision products to observe repetitive production and assembly lines, thereby increasing efficiency by detecting faults in the production process. Headquartered in Coppell, Texas, the Company's shares currently trade on the OTC Markets Group under the ticker symbol "CSTI". Costar was ranked as the 35th largest company in a&s magazine's Security 50 for 2019. Security 50 is an annual ranking by the magazine of the world's largest security manufacturers in the areas of video surveillance, access control and intruder alarms, based on sales revenue.

Cautionary Statement Regarding Forward Looking Statements

This press release may contain forward-looking statements, including statements regarding the Company's ability to grow revenue and earnings, that are subject to substantial risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements, including but not limited to risks related to the ability to diversify business across vertical markets, secure new customer wins, and launch new products. You can often identify forward-looking statements by words such as "believe," "may," "estimate," "continue," "anticipate," "intend," "plan," "expect," "predict," "potential," or the negative of these terms or other comparable terminology. These forward-looking statements are based on management's current expectations but they involve risks and uncertainties. Actual results and the timing of events could differ materially from those anticipated in the forward-looking statements as a result of the risks and uncertainties.

You should not place undue reliance on any forward-looking statements. The Company assumes no obligation to update forward-looking statements to reflect actual results, changes in assumptions, or changes in other factors affecting forward-looking information, except to the extent required by applicable laws.

Cision View original content:http://www.prnewswire.com/news-releases/costar-technologies-inc-announces-date-of-2020-annual-meeting-of-stockholders-301133659.html

SOURCE Costar Technologies, Inc.
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guyrob2 guyrob2 6 years ago
Motorola to buy Avigilon for approx. 3 X ttm revenues or

approx. $970 million U.S.
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rrojarom rrojarom 7 years ago
CohuHD Costar Awarded US$2.4 Million Surveillance Video Camera Contract for Major Critical Infrastructure Project in Saudi Arabia

Dec 05, 2017
OTC Disclosure & News Service

-

CohuHD Costar Awarded US$2.4 Million Surveillance Video Camera Contract for Major Critical Infrastructure Project in Saudi Arabia

RISE 4290HD expands the reach of CohuHD Costar products into long-range, day/night applications for 24/7 critical infrastructure monitoring
PR Newswire

COPPELL, Texas, Dec. 5, 2017

COPPELL, Texas, Dec. 5, 2017 /PRNewswire/ -- CohuHD Costar, a Costar Technologies, Inc. company (OTC Markets Group: CSTI) announced today that it has been awarded a $2.4 million video surveillance camera contract for a major critical infrastructure project in Saudi Arabia. With the recent introduction of the RISE 4290HD series, CohuHD Costar expands the reach of its RISE series platform into long-range, day/night, thermal video surveillance applications. Working with one of the leading security solutions providers and systems integrators in the Middle East, the RISE 4290HD will provide 24/7 video surveillance for a major critical infrastructure project in Saudi Arabia. This large-scale deployment of RISE 4290HD cameras marks another important milestone for the RISE platform that requires the cameras to operate under extreme environmental conditions and at long distances.

"We're seeing increased demand for rugged cameras that can provide long-range video 24/7 in a variety of environmental conditions. The RISE 4290HD does this, and does it at a price point we believe makes it very attractive for applications such as critical infrastructure and intelligent traffic systems. We expect this project to be the first of many major security monitoring projects for the 4290HD around the world," stated Doug Means, Senior VP and GM of CohuHD Costar.

The RISE 4290HD Series dual-spectrum positioning system is the latest addition to CohuHD Costar's RISE family of products and has been awarded the 2017 GSN Airport, Seaport, Border Security Award for Best Long-Range/High-Res Camera by Government Security News. The RISE 4290HD Series combines crystal clear HD visible spectrum imaging along with standard resolution LWIR thermal night vision imaging.

The RISE 4290HD is designed to operate in harsh weather with its purged and pressurized IP67 enclosure protection to eliminate the effects of water intrusion, pollutants and corrosives. The ultra-rugged design of all CohuHD RISE products allows the company to offer a lifetime warranty against water ingress.

About Costar Technologies, Inc.

Costar Technologies, Inc. develops, designs, manufactures and distributes a range of security solution products including surveillance cameras, lenses, digital video recorders and high-speed domes. The Company also develops, designs and distributes industrial vision products to observe repetitive production and assembly lines, thereby increasing efficiency by detecting faults in the production process. Headquartered in Coppell, Texas, the Company's shares currently trade on the OTC Markets Group under the ticker symbol "CSTI". Costar was ranked 41 in a&s magazine's Security 50 for 2016. Security 50 is an annual ranking of the world's largest security manufacturers in the areas of video surveillance, access control and intruder alarms, based on financial performance.

Cautionary Statement Regarding Forward Looking Statements

This press release contains forward-looking statements, including but not limited to statements related to the demand for our products and future projects, that are subject to substantial risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. You can identify forward-looking statements by words such as "believe," "may," "estimate," "continue," "anticipate," "intend," "plan," "expect," "predict," "potential," or the negative of these terms or other comparable terminology. These forward-looking statements are based on management's current expectations but they involve risks and uncertainties. Actual results and the timing of events could differ materially from those anticipated in the forward-looking statements as a result of the risks and uncertainties.

You should not place undue reliance on any forward-looking statements. The Company assumes no obligation to update forward-looking statements to reflect actual results, changes in assumptions, or changes in other factors affecting forward-looking information, except to the extent required by applicable laws.



View original content:http://www.prnewswire.com/news-releases/cohuhd-costar-awarded-us24-million-surveillance-video-camera-contract-for-major-critical-infrastructure-project-in-saudi-arabia-300567289.html

SOURCE Costar Technologies, Inc.


Copyright © 2017 PR Newswire. All Rights Reserved
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tsoprano-1 tsoprano-1 7 years ago
Nice run today. Good earnings coming out? Buyout? Big contract?

T
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tsoprano-1 tsoprano-1 8 years ago
Very impressive. And the business should only get better in future.

T
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guyrob2 guyrob2 8 years ago
ASMAG ranks Costar Technologies as 10th largest public U.S.
Security company for 2016.
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guyrob2 guyrob2 8 years ago
Very positive article today in ASMAG
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tsoprano-1 tsoprano-1 8 years ago
Great day after very encouraging report. Normally weak quarter produces .20. Nice. And the low float is a beautiful thing on a day like today.

T
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guyrob2 guyrob2 8 years ago
Apollo to buy ADT for $6.9 billion

or approx. 2X ADT 2015 revenues
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guyrob2 guyrob2 9 years ago
Flir just bought DVTEL for $92 million or

approx. 2X DVTEL's 2015 revenues.
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guyrob2 guyrob2 9 years ago
Company stock currently trades at LESS THAN the 10 million

in cash they used to buy COHU HD last June.
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stocktrademan stocktrademan 9 years ago
$CSTI recent news/filings

bearish 5.50

## source: finance.yahoo.com

Fri, 13 Nov 2015 03:30:00 GMT ~ Costar Technologies, Inc. Announces Financial Results For the Third Quarter Ended September 30, 2015

[PR Newswire] - COPPELL, Texas, Nov. 12, 2015 /PRNewswire/ -- Costar Technologies, Inc. (the "Company") (OTC Markets Group: CSTI), announced its unaudited financial results for the quarter ended September 30, 2015 that have been reviewed by the independent accounting firm RSM US LLP, formerly McGladrey LLP. CohuHD revenue decreased 24% while the Company's network security products increased 22%. GAAP net income of $68, or $0.04 per share based on 1,525 weighted average diluted shares outstanding.

read full: http://finance.yahoo.com/news/costar-technologies-inc-announces-financial-033000909.html
*********************************************************

Thu, 12 Nov 2015 23:26:11 GMT ~ Costar Technologies, Inc. Announces Financial Results for the Third Quarter Ended September 30, 2015

[at noodls] - e5614c2c-4d55-434d-981f-b0f0bef68eaf.pdf FOR IMMEDIATE RELEASE CONTACT: Scott Switzer November 12, 2015 Chief Financial Officer Costar Technologies, Inc. (469) 635-6800 Costar Technologies, Inc. Announces ...

read full: http://www.noodls.com/view/9F9B4BEBE81723AA3F2E06DB56CE4BE78AE4B0AE
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Fri, 30 Oct 2015 15:48:08 GMT ~ 10/14/15 Costar Technologies, Inc. Announces Date of 2015 Annual Meeting of Stockholders

[at noodls] - Microsoft Word - CSTI Press Release 2015 Annual Meeting v4 FOR IMMEDIATE RELEASE CONTACT: Scott Switzer October 14, 2015 Chief Financial Officer Costar Technologies, Inc. (469) 635-6800 Costar Technologies ...

read full: http://www.noodls.com/view/8B0D845A6EADA1D71DDF91D6433209BCFC0815BC
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Thu, 15 Oct 2015 02:30:00 GMT ~ Costar Technologies Announces Date of 2015 Annual Meeting of Stockholders

[PR Newswire] - COPPELL, Texas, Oct. 14, 2015 /PRNewswire/ -- Costar Technologies, Inc. (the "Company") (OTC Markets Group: CSTI) announced today that the Company's 2015 Annual Meeting of Stockholders will be held on November 17, 2015 at 10:00 a.m. local time at the offices of McGladrey, LLP located at 1185 Avenue of the Americas, New York, NY 10036. The Company also announced that it set the close of business on October 13, 2015 as the record date for determining the stockholders entitled to receive notice of and vote at the annual meeting. The Company anticipates mailing its proxy statement to stockholders in October 2015, which will include a description of the matters to be considered at the annual meeting. Stockholders may also obtain a copy of the 2015 proxy statement when it is available as well as other information concerning the Company at www.costartechnologies.com.

read full: http://finance.yahoo.com/news/costar-technologies-announces-date-2015-023000241.html
*********************************************************

Sat, 05 Sep 2015 17:04:06 GMT ~ COSTAR TECHNOLOGIES, INC. Financials


read full: http://finance.yahoo.com/q/is?s=csti
*********************************************************

$CSTI charts

basic chart ## source: stockcharts.com



basic chart ## source: stockscores.com



big daily chart ## source: stockcharts.com



big weekly chart ## source: stockcharts.com



$CSTI company information

## source: otcmarkets.com

Link: http://www.otcmarkets.com/stock/CSTI/company-info
Ticker: $CSTI
OTC Market Place: OTC Pink Limited
CIK code: 0001053676
Company name: Costar Technologies, Inc.
Incorporated In: DE, USA

$CSTI share structure

## source: otcmarkets.com

Market Value: $13,196,331 a/o Nov 12, 2015
Shares Outstanding: 1,466,259 a/o Jul 31, 2015
Float: Not Available
Authorized Shares: Not Available
Par Value: Not Available

$CSTI extra dd links

Company name: Costar Technologies, Inc.
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/CSTI/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/CSTI/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=CSTI+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=CSTI+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=CSTI+Industry

## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/CSTI/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/CSTI/news - http://finance.yahoo.com/q/h?s=CSTI+Headlines

## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/CSTI/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/CSTI/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/CSTI/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/CSTI/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/CSTI/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/CSTI/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/CSTI/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/CSTI/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=CSTI+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/CSTI
DTCC (dtcc.com): http://search2.dtcc.com/?q=Costar+Technologies%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Costar+Technologies%2C+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Costar+Technologies%2C+Inc.&x=0&y=0

## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/CSTI/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/CSTI
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/CSTI/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/CSTI/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/CSTI/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001053676&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/CSTI/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/CSTI/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/CSTI/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/CSTI/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=CSTI&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=CSTI
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/CSTI/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=CSTI+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=CSTI+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=CSTI
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=CSTI
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=CSTI+Cash+Flow&annual

## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/CSTI/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=CSTI+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/CSTI.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=CSTI
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/CSTI/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/CSTI/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/CSTI/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/CSTI/insider-transactions

## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/CSTI
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/CSTI
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/CSTI:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=CSTI
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=CSTI



$CSTI DD Notes ~ http://www.ddnotesmaker.com/CSTI
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protagonist12 protagonist12 10 years ago
Another P&D by Geoinvesting and Quoth the Raven... Watching flip-flopper Geoinvesting for hit piece soon.
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EmptyBones EmptyBones 10 years ago
Scam stock of the yr award. Lmao read the fins....

http://www.otcmarkets.com/financialReportViewer?symbol=CSTI&id=128299
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Rawnoc Rawnoc 10 years ago
LoL yeah really why would anybody want to be in an investment trading at an all-time high as I type?

Yeah, what a garbage idea. LoL LoL LoL ROFL!!!!
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Rawnoc Rawnoc 10 years ago
I didn't write those articles. CSTI earns money and has an audited financials. It went up because of that.

I know, real difficult to understand. Besides, CSTI is the worst pick of my 5 so far so I'm not sure the articles did much good.
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protagonist12 protagonist12 10 years ago
It also helps when people write SA pump articles for each of the stocks you own.
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Rawnoc Rawnoc 10 years ago
LoL only people who are interested in winning contest pick CSTI I guess. ;)

http://microcapclub.com/contest/
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protagonist12 protagonist12 10 years ago
LoL why would anyone invest in this garbage they're not even current or fully reporting.
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Rawnoc Rawnoc 10 years ago
Costar: Further Market Research Confirms Growth Potential

http://seekingalpha.com/article/2292635-costar-further-market-research-confirms-growth-potential
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Rawnoc Rawnoc 10 years ago
CSTI -- Costar Technologies Has 150% Upside

http://seekingalpha.com/article/2281863-costar-technologies-has-150-percent-upside
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Rawnoc Rawnoc 10 years ago
Costar Technologies, Inc. Announces Financial Results for the First Quarter Ended March 31, 2014

Net income +80%

http://finance.yahoo.com/news/costar-technologies-inc-announces-financial-030000034.html
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seeksup seeksup 10 years ago
Monster quarter! https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=120950
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MikeDDKing MikeDDKing 10 years ago
Costar Technologies Continues To Offer Significant Upside

http://seekingalpha.com/article/2148043-costar-technologies-continues-to-offer-significant-upside
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waikikian waikikian 10 years ago
Bought more at $8.75.
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BRIG_88 BRIG_88 10 years ago
Costar Technologies, Inc. Announces Financial Results for the Fourth Quarter and Year Ended December 31, 2013


Highlights for the Year Ended December 31, 2013 vs December 31, 2012

Net income increased by 222%, to $1,907, from $592, the third consecutive profitable year.
Revenue increased 35%, to $26,476, from $19,581.
Earnings per share were $1.31 (shown in whole amounts) compared to $0.41 per share.
The Company increased its cash position to $1,637 from $114, and owed $0 on its line of credit.
Financial Results, Fourth Quarter of 2013 as Compared to Fourth Quarter of 2012

Revenue for the fourth quarter of 2013 totaled $4,331, as compared to revenue of $4,220 for the fourth quarter of the prior year, an increase of approximately 3%. The increase was primarily due to the continuation in remodel activity and new store openings by several of the Company's customers.

Gross profit for the fourth quarter of 2013 totaled $923. This compares to gross profit of $1,215 for the fourth quarter of 2012, a decrease of 24%. The Company experienced a one-time write-down of cost of goods sold of $551 related to the prepayment of inventory. The supplier in question is experiencing serious financial difficulty and there is substantial doubt regarding the receipt of the ordered product or the return of the prepaid funds. The Company is exploring its options with respect to this vendor and has qualified a new vendor to provide a substitute product.

Selling, general and administrative expenses for the fourth quarter of 2013 totaled $1,163. This compares to selling, general and administrative expenses of $1,285 for the fourth quarter of 2012, a decrease of 9%. The decrease of $122 was primarily due to a reduction of incentive based compensation and a decline in bank fees.

Net (loss) income for the fourth quarter of 2013 was approximately $(177), or $(0.12) earnings per share. This compares to net (loss) for the fourth quarter of 2012 of $(59), or $(0.04) earnings per share.

Financial Results, Year Ended December 31, 2013 Compared to Year Ended December 31, 2012

Revenue for the year ended December 31, 2013 totaled $26,476, an increase of 35% as compared to revenue of $19,581 for the same period last year. The increase was primarily due to a surge in remodel activity and new store openings by several of the Company's customers.

Gross profit for the year ended December 31, 2013 totaled $7,467. This compares to gross profit of $5,673 for the year ended December 31, 2012. The rise is due to a more favorable overall sales and product mix, including increased interest in the Company's higher margin network product line.

Selling, general and administrative expenses for the year ended December 31, 2013 totaled $5,598. This compares to selling, general and administrative expenses of $4,987 for the year ended December 31, 2012, an increase of 12%. The increase of $611 was primarily due to the hiring of four sales and support employees in the latter half of 2012 to stimulate future growth, along with increased commissions and other incentive compensation related to the Company's improved performance.

Net income for the year ended December 31, 2013 was approximately $1,907, or $1.31 earnings per share, as compared to net income of $592, or $0.41 earnings per share for the year ended December 31, 2012.

James Pritchett, President and Chief Executive Officer of the Company, stated, "The Company's performance in 2013 generated record profits, positively positioning the Company for future opportunities. One of our largest retail customers significantly increased their remodel program in 2013, making up for a limited number of remodels in the prior two years due to a weak economy. We are pursuing additional revenue opportunities in 2014 to offset the temporary increase in sales caused by this "catch up" period, which we estimate increased 2013 revenue by approximately $3,000 to $4,000. We are encouraged by our results and are dedicated to delivering on our commitment of strong earnings and averaged double digit sales growth over a multiyear span."
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triadtreats triadtreats 10 years ago
Huck, you are right. I have no position in this, but I have always thought that companies that file to go dark are telling shareholders to FO. I had seen this several times on my stock screener to look at, but, I just can't get past the fact that they went dark. Good luck here, I do hope it works out well for everyone.
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Huckleberry Pieman Huckleberry Pieman 10 years ago
They might be saving money but it looks pretty bush league.
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Stocks4John Stocks4John 10 years ago
Cuz I bought some last week at $10.50.
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BRIG_88 BRIG_88 10 years ago
oops wrong report
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Traderfan Traderfan 10 years ago
Anybody know why the recent drop in CSTI?
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natstocks natstocks 10 years ago
I think most of these tiny companies don't get their quarterlies audited. Probably just a way to save money.
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natstocks natstocks 10 years ago
Anyone have any insight into the 16% drop over past month? I don't seen any news corresponding to it.
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koolmc koolmc 10 years ago
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Steveadl Steveadl 10 years ago
Agreed, I'm holding both - though I don't see much in a merger either. Different target markets really.

ARGL is definitely interesting. Coming out of the dark, people still not paying attention - but I think it's definitely undervalued at PE under 2.
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StockSpock StockSpock 10 years ago
I took a closer look at ARGL and I don't see alot of cross compatibility with CSTI that would make sense for a merger. They are very different companies. ARGL does look interesting though.

Thanks
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protagonist12 protagonist12 10 years ago
Why the unaudited financials- pie in the sky balance sheet or the company simply can't afford an audit???
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StockSpock StockSpock 10 years ago
Perhaps but I don't think so.
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jasonak jasonak 10 years ago
A CSTI/ARGL merger seems like it could be mutually beneficial.
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StockSpock StockSpock 10 years ago
I think CSTI could potentially be a good candidate for a buyout.

First, the CEO grew another similar company, Ultrack and then sold it to Honeywell. .

Second, The CEO is getting close to retirement. According to the company, they have a CEO Succession plan in place but they will not discuss the details.

Third, from what I can tell, their product line up, business model and their lean operating structure would make an attractive proposition for an acquisition.

I could be completely wrong, and the company looks like it will be successful if they continue to do what they have been doing, but I have seen a number of similar companies get gobbled up..



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investorone investorone 10 years ago
Thanks for sharing your opinion, Frank.
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FrankLind FrankLind 10 years ago
I think for a well managed company like CSTI which is growing very fast and a low PE it is difficult to lose money. It should do really well. Same with PFHO.

The only question mark over CSI I have is that this year has had blowout earnings because their two largest customers loaded up on cameras and may not do so next year. I have no real insight into this either way however.
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Rawnoc Rawnoc 10 years ago
CSTI to $50+ IMO

But I may sell some or all at any time. Too Fin bad.
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investorone investorone 10 years ago
Frank-what are your thoughts about CSTI at this point as you have asked some excellent questions about it (and PFHO)along the way?
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jasonak jasonak 10 years ago
Last year's 10K was reported on 23APR.
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investorone investorone 10 years ago
Do you figure earnings date similar to PFHO at the end of March/beginning of April?
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investorone investorone 10 years ago
That's a good point you make with the TASR example, Steveadl, and one that is well taken.
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