Q: Could you tell me the breakdown of their earnings between parts and equipment sales as opposed to software earnings if any,also your thoughts on the company’s management,debt and growth and would you be a buyer here …Thanks
5i Research Answer:
In the last quarter, connected devices were $9.3M in revenue and software/services were $4.9M. We like the company and management. It has a small amount of ($2M) of net cash so no net debt. Sales growth was 22% last quarter and should be in the 15%+ range going forward. We would consider it a BUY for small cap investors.