greasemonkeyshoes
6 years ago
From 10Q,the share count was 7.6 million........
and after the conversion of note from preferred to common shares,the dilutive share count becomes 11.9(=7.6+4.3). The stated cost of the 4.3 million shares is around 12c,the management is no dummy,and they knew exactly what they were doing,while maintaining majority control:a bit aggressive,up to 67% voting control first,then drop down to 35% when everything said and done.Not too abusive or it could had taken more from the shareholders.
greasemonkeyshoes
6 years ago
You nailed it.......
"The $500,000 software license revenue(eps=6c) helped a lot, but even without that it(eps=3c)looks good. "
Based on this quarter and going forward,I believe eps=8c is sustainable for 2018,ex-$500K.
In the nutshell:
topline grows at 7%+;
cost stabilized at 54% of revenue;
sg&a is down to 35% of revenue vs 40% in 2017;
R&D is down 4% of revenue.
or
2018 net income=sale*5%,business model is working.
Quintessence
6 years ago
Escalon mentioned here, Ophthalmic Ultrasound System Market Technological Advancement 2018, as one of the leading companies in the market. Nice!
The Leading Companies are Nidek Co. Ltd., Halma plc, Optos plc, Reichert, Inc., Escalon Medical Corp., Ellex Medical Laser Ltd., Quantel Medical, etc.
http://versionevents.com/2018/02/14/ophthalmic-ultrasound-system-market-technological-advancement-2018/
greasemonkeyshoes
6 years ago
From Subsequent Event,10-Q.......
"On February 14, 2018, the Company entered into a Debt Exchange Agreement (the โExchange Agreementโ) with Richard J. DePiano Sr. (โMr. DePianoโ), the Company's Chairman and DP Associates Inc. Profit-Sharing Plan of which Mr. DePiano is the sole owner and sole trustee (the โHoldersโ). Pursuant to the terms of the Exchange Agreement, effective February 15, 2018, the Holders are exchanging a total of $645,000 principal amount of debt the Company owes the Holders (See Note 6) for 2,000,000 shares of Series A Convertible Preferred Stock (the โPreferred Stockโ).
Each share the Preferred Stock entitles the Holder thereof to 13 votes per share and will vote together with all other classes and series of stock of the Company as a single class on all actions to be taken by the Companyโs stockholders. As a result of this voting power, the Holders as of February 15, 2018 beneficially own approximately 77.49% of the voting power on all actions to be taken by the Companyโs shareholders."
They(management) have definitely been preparing for a takeover,hostile or friendly. wooowwwwww.