I don't know if HATH has been discussed here before but this small company is showing some real growth due to its sales in the Fiber Optics Industry.
HATH: Nasdaq SC closed Friday April 21st, 2000 at 5 15/16
FLOAT only 2.4 million shares.
hathawaycorp.com
Hathaway Corporation's Motion Control Division is seeing an increasing number of orders. Last quarter the company earned 14 cents a share and earnings should continue to rise in the immediate future. HATH is selling parts that The Street.com described as vital to fiberoptics telecommunication systems.
Yahoo Detailed Quote and all the recent news showing new orders.
finance.yahoo.com
I bought another 1000 shares of HATH on Friday. I believe that HATH has an excellent opportunity to show excellent earnings momentum this year due to sales growth to the Fiber Optics Industry. I first discovered HATH while doing a search at the Bull Sector where it is found on the Fiber Optics List:
bullsector.com
After carefully reading the Edgar Filings I see room for a great deal of appreciation for this profitable company's stock if the market itself stabilizes. Here is some information from the 10Q released Feb 14th, 2000
freeedgar.com
Operating Results
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For the second quarter ended December 31, 1999, the Company recognized a net profit of $617,000, or $0.14 per share, compared to a net loss of $346,000, or $.08 per share, for the same period last year. Revenues increased 6% in the second quarter from $10,539,000 last year to $11,151,000 this year.
The Company recognized a net loss of $104,000, or $0.02 per share, for the six months ended December 31, 1999, compared to a net loss of $1,653,000, or $.39 per share, for the six months ended December 31, 1998. Revenues for the first six months increased by 2% from $19,657,000 in fiscal 1999 to $20,056,000 in fiscal 2000.
The 6% increase in revenues for the second quarter and the 2% increase in revenues for the first six months were due to an increase in revenues from the Motion Control segment (Motion Control), partially offset by a decrease in revenues in the Power and Process segment (Power and Process). Sales order backlog is up 42% this year to $18,854,000 at December 31, 1999 from $13,283,000 at December 31, 1998. Backlog for both Motion Control and Power and Process is greater at December 31, 1999 than at December 31, 1998.
Revenues from Motion Control for the second quarter increased 47% from $3,058,000 for the second quarter last year to $4,511,000 for the second quarter this year. Revenues for the six months increased 40% from $6,114,000 for the six months last year to $8,578,000 for the current six-month period. Pretax profit for Motion Control for the second quarter was $721,000 compared to $70,000 last year and, for the six months, pretax profit was $1,346,000 compared to a loss of $24,000 last year. The growth in Motion Control is a reflection of expansion into new markets and broader segments of existing markets.
Power and Process revenues decreased from $7,481,000 for the second quarter ended December 31, 1998 to $6,640,000 for the second quarter this year and from $13,543,000 for the six months last year to $11,478,000 for the same period this year. Power and process realized a pretax profit of $35,000 for the second quarter this year compared to a loss of $440,000 last year. For the six months, power and process had a pretax loss of $1,327,000 compared to a loss of $1,591,000 last year. The improvement in results is primarily due to the Company's success in marketing systems automation products to the deregulated power industry, the release of new products and the success of its Chinese joint venture investments. In addition, backlog for Power and Process orders has strengthened during the six months ended December 31, 1999.
Sales to international customers increased from $3,367,000 in the second quarter of the prior year, to $4,065,000 in the second quarter of the current year. In the first six months, sales to international customers decreased slightly from $6,606,000 in fiscal year 1999 to $6,553,000 in fiscal year 2000.
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