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TuesdayMay 18, 2010 8:26 am

Heelys, Inc. (HLYS) Reports Loss in First Quarter of 2010

Heelys, Inc. reported a net loss of $1.2 million, or ($0.04) per diluted share, in the first quarter of 2010. The company also reported a loss of $1.3 million, or ($0.05) per diluted share in the same quarter of 2009. Heelys, Inc. reported a drop in revenue on a year over year basis, from $9.2 million in the first quarter of 2009 to $6.7 million in the quarter just ending. Gross margin in the first quarter of 2010 improved on a year over year basis to 47.9%, compared to 36.7% in the first quarter of 2009. The management of Heelys,…

TuesdayMay 18, 2010 8:23 am

Exar Corp. (EXAR) Reports Jump in Revenue in Fourth Quarter of Fiscal 2010

Exar Corp. reported a net loss of $3.3 million, or ($0.08) per share, in the fourth quarter of fiscal 2010, which ended 3/28/2010. The company reported a net loss of $4.6 million, or ($0.11) per share, in the corresponding quarter of 2009. Exar Corporation reported a large increase in revenue for the fourth quarter of fiscal 2010. The company had revenues of $38.5 million, compared to revenues of $23.9 million in the same quarter of 2009. Despite the GAAP loss in the final quarter of fiscal 2010, the management of Exar Corporation seemed optimistic on the upcoming fiscal year. Pete…

TuesdayMay 18, 2010 8:22 am

Allied Motion Technologies Inc. (AMOT) Announces Net Income and Significant Profit Improvement for the First Quarter of 2010

Allied Motion Technologies Inc., a designer, manufacturer and retailer of motion control products into applications that serve many industry sectors, recently announced that the company achieved net income of $734,000, or $0.09 per diluted share, compared to the quarter ended March 31, 2010. This gain is compared to a net loss of $730,000, or $0.10 per diluted share, for the same quarter in 2009. The company also posted a 14 percent gain in revenues for the quarter to $17.4 million compared to $15.3 million last year. Bookings for the quarter reached $26.2 million, an increase of over 54 percent when…

TuesdayMay 18, 2010 8:20 am

LecTec Corp. (LECT.OB) Announces 2010 First Quarter Results, Completion of Prototype and Management Changes

Yesterday, LecTec Corporation announced that they have released their 2010 first quarter financial information. In addition, they announced that they have completed a prototype of their hand sanitizer patch and are in the process of certain management changes. The Company's cash and cash equivalents decreased $5,586,555 for the three-month period ended March 31, 2010 to $10,179,552 from December 31, 2009. The decrease in cash and cash equivalents resulted mainly from cash dividend payments of $4,298,350 and from current operating expenses of $394,475 for the first quarter. Royalty income was $19,529 for the first quarter. This represents a decrease of $22,578…

TuesdayMay 18, 2010 8:11 am

American Oriental Bioengineering Inc. (AOB) Video Chart for Tuesday, May 18, 2010

AOB is a classic pincher play/bottom play setup. The hammer yesterday looks as if traders saw a solid buying opportunity. Today we will be looking for a candle to indicate a reversal or bounce is in the making. Please click the following link: http://www.qualitystocks.net/videocharts.php?chartvid_id=399 Let us hear your thoughts below:

TuesdayMay 18, 2010 7:45 am

Founders Acquire Over 1 Million Shares of NetSol Technologies, Inc. (NTWK)

NetSol Technologies, Inc., a worldwide provider of global IT and enterprise application solutions, announced today that its three founding officers acquired over 1 million shares in the company through a private transaction. Purchased at the price of $0.87 on May 14, 2010, Najeeb Ghauri, CEO and Chairman, acquired 375,000 shares of stock, Salim Ghauri, President APAC, acquired 350,000 shares, and Naeem Ghauri, President NTE, acquired 309,383 shares. Each founder filed an SEC Form 4 to report the acquisition. NetSol Technologies, Inc. leverages its BestShoring(TM) practices and highly experienced resources to deliver high-quality, cost-effective solutions. Their suite of products and services…

TuesdayMay 18, 2010 7:39 am

Micro Identification Technologies, Inc. (MMTC.OB) Announces Expansion of Distributor Responsibility in Asia

This morning before the opening bell, Micro Identification Technologies, Inc. announced that it has expanded the contract of its Distributor Biotek Sdn Bhd to train all MIT distributors in Asia on the operation and service of the MIT 1000 Rapid Microbial Identification System. Currently, the distributor has facilities in Malaysia and is responsible for sales and service in Malaysia and other ASEAN countries, including: Indonesia, Singapore, The Philippines, Thailand, Cambodia and others. MIT currently has Asian distributors in Vietnam, South Korea, Japan, India and Turkey and plans to add others later this year. Biotek purchased a system in October of…

MondayMay 17, 2010 12:52 pm

Ultralife Corp. (ULBI) Receives $21 Million Order from Defense Contractor

Today, Ultralife Corp. reported that a U.S. defense contractor has placed approximately $21 million in orders for the company’s SATCOM-On-The-Move systems for use in its MRAP armored vehicles. Deliveries are expected to begin this quarter, with a completion target in the fourth quarter of 2010. Once solely a battery company, Ultralife Corporation now operates within three business segments: Battery & Energy Products, Communications Systems and Energy Services. The company provides a host of products and services that range from portable and standby power solutions to communications and electronics systems. Ultralife regularly serves government, defense and commercial customers across the globe,…

MondayMay 17, 2010 12:48 pm

China TMK Battery Systems Inc. (DFEL.OB) Posts Positive FY 2009 Results

China TMK Battery Systems Inc., a Chinese manufacturer and distributor of customized rechargeable battery solutions to global consumer product companies, today posted its financial results for the fiscal year ended December 31, 2009. For the 12 months ended December 31, 2009, China TMK reported a 32.3 percent increase in sales revenue to $48.6 million compared to the $36.8 million reported in 2008. International sales contributed 3.5 percent of sales while 97.5 percent reflects sales from the People’s Republic of China. The company reported net income for 2009 at approximately $7.5 million, a 32.5 percent increase compared to $5.7 million reported…

MondayMay 17, 2010 12:11 pm

National Automation Services Inc. (NASV.PK) Offers a Far Reaching Portfolio of Capabilities and Services

National Automation Services Inc. is establishing itself as a leader in the process controls and systems integration industry. By aligning with nationally recognized regulatory bodies, the company has gained significant marketplace credibility, product compliance integrity and the highest standards for service and products. The company offers an incredibly wide array of capabilities and services to their clients which include: PLCs – 25+ Years Combined Experience NAS’s engineering department has highly qualified control engineers on staff with combined experience of more than 25 years across many platforms and industries. Their PLC (programmable logic controller) programming experience is diverse with the majority…

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