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Tetra
Tech (TTEK) currently up 24.5% since our introduction, reported
stellar earnings yesterday, beating analysts' forecasts. Revenues
for the quarter were $461.4M, up 33.3% from $346.0M.
Net income for the quarter was $13.7M, up 31.4% from $10.4M compared to the same quarter last year. Fasten your
seatbelts and enjoy the ride, we know that thousands of
SmallCapReview readers are already in, right? Titan
Machinery (TITN) up 37.9% since our introduction, also reported
great earnings with a revenue increase of 61% to $135.2M and net income
exceeding it's previous guidance. In order to snatch defeat from
the jaws of victory, Titan promptly decided to offer for sale 3.5M
shares. TITN should recover in short order from the sale and may
represent a good opportunity for investors who thought the shipped
had left them behind, in the interim we have dropped them from our
focus stock list. Third
Wave (TWTI) up 24%, will be reporting earnings this (Thursday)
morning. Today
we are adding two new Focus Stocks. TASER International (TASR)
$7.46, which we feel is currently in an oversold position, down
more than 20% since last week. The company reported 1st quarter
earnings having more than doubled to $1.2M, from the prior year's
$494,554, but missed the Street's expectations. TASR is currently
trading just off it's 52 week low and makes for what we feel is an
attractive entry point. For its part, this week the company said
it's board approved a plan to repurchase up to $12.5M in
common stock. We
are also adding Acorn Energy (ACFN) $4.74, which defines undiscovered
small-cap. Volume is paltry but the numbers are funky. A P/E of
$1.78? EPS of $2.67? Book Value of $6.50 a share,
with a miniscule 13.9M shares outstanding. What gives you
ask? You
can read more about TASR and ACFN below and even more at our
website here.
TASER
International (TASR)
Website:
www.taser.com
Protecting
Life
Overview
TASER International (Nasdaq: TASR)
develops, manufactures, and sells electronic control devices for use in
the law enforcement, military, corrections, private security, and personal
defense markets in the United States and internationally.
It offers two
product lines for law enforcement, military, corrections, and professional
security markets, which include various cartridges, a battery system, a digital power magazine,
download software and equipment, extended warranties, and holstering options
and accessories. The company also manufactures devices for the consumer market.
TASER's products protect life,
providing advanced Electronic Control Devices (ECDs) for use in the law
enforcement, medical, military, correctional, professional security, and
personal protection markets. TASER devices use proprietary
technology to incapacitate dangerous, combative, or high-risk subjects who
pose a risk to law enforcement/correctional officers, innocent citizens,
or themselves in a manner that is generally recognized as a safer
alternative to other uses of force. TASER technology protects life,
and the use of TASER devices dramatically reduces injury rates for law
enforcement officers and suspects.
TASR
Investor Highlights
- Announced that the Board
of Directors adopted a resolution approving a stock buy-back program
authorizing the Company to purchase up to $12.5M of the Company's
common stock.
- For the first quarter of 2008 revenues were $22.5M, the highest
first quarter revenue in the Company's history and a 47% increase over
the same quarter of the prior year.
- Income from operations for the first quarter was $1.6M, a 361%
increase compared with $0.3M in the prior year period.
- Net income and basic and diluted earnings per share for the first
quarter of 2008 were $1.2M and $0.02, respectively.
- International sales accounted for approximately $3.0M or 13% of
total sales in the first quarter up 64% from the first quarter of
2007.
- Recently announced that
The Sports Authority will carry TASER C2 Personal Protector devices in
selected stores nationwide. The TASER C2 will be available initially in
138 of the 433 Sports Authority stores in April.
For the latest Quote
and News on TASR Visit
Here.
To learn more
about TASR
Visit
here
Acorn
Energy (ACFN)
Website:
www.acornfactor.com
Making
the World a Better Place
Overview
Acorn Energy (Nasdaq: ACFN) is
a holding company focused on improving the efficiency of the energy grid and
reducing the environmental impact of the energy sector. Acorn Energy's
operating companies leverage advanced technologies to transform the existing
energy infrastructure. Acorn's strategy is to take primarily controlling
positions in companies led by great entrepreneurs and add value by
supporting those companies with marketing, strategy and business
development.
Acorn Energy is a global company with equity
interests in three listed companies: 1,762,391
shares (8.6%) of Comverge (listed on the Nasdaq Global Market), 407,000
shares (31.4%) of Paketeria AG (listed on the Frankfurt Stock Exchange), and
15,714,285 shares (22.4%) of GridSense (listed on the TSX Venture Exchange).
Acorn also has controlling or significant interests in three private
companies: CoaLogix, (100%); DSIT (72%); and Local Power (10%).
ACFN
Investor Highlights
- The Company recently
created CoaLogix, Acorn's new platform for participating in the
burgeoning market for clean coal solutions and acquired SCR-Tech, a
leader in catalyst cleaning and regeneration for coal and other fossil
fueled plants in November, 2007.
- Acorn Energy completed its
acquisition of a significant minority interest in GridSense in January
2008, providing the Company a strong foothold in Asia and the emerging
field of remote monitoring and control systems for electrical utilities.
- In February 2008,
the ACFN's DSIT subsidiary, a leader in the field of threat detection
for underwater energy infrastructure, announced $1.4M in new
contracts involving the integration of subsystems developed by DSIT into
systems built by customers and opportunities to expand the projects in
the future.
- The CoaLogix subsidiary
announced in March that in the first two months of 2008 it had secured
new contracts from major U.S. utilities potentially representing more
than twice its entire 2007 sales.
- Signed a letter of intent
in March 2008 to acquire Software Innovation, the developer of
Coreworx(TM), a world-leading software tool for collaboration for energy
and other infrastructure for capital projects.
- Recently announced that
its DSIT subsidiary has been awarded new development and production
projects at a total value of approximately US $900,000.
- ACFN has approximately $13.6M in unrestricted cash.
- Acorn Energy now owns
significant interests in three listed companies: 1,762,391 shares (8.6%)
of Comverge (listed on the Nasdaq Global Market), 407,000 shares (31.4%)
of Paketeria AG (listed on the Frankfurt Stock Exchange); and 15,714,285
shares (22.4%) of Gridsense (listed on the TSX Venture Exchange). Acorn
also has controlling or significant interests in three private
companies: CoaLogix, (100%); dsIT (72%); and Local Power (10%).
For the latest Quote
and News on ACFN Visit
Here.
To learn more
about ACFN Visit
here
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