SIMA .51/.63 What they do:
Sonics & Materials, Inc. designs, manufactures and sells ultrasonic bonding equipment for the welding, joining and fastening of thermoplastic components, textiles and other synthetic materials, and ultrasonic liquid processors for dispersing, blending, cleaning, degassing, atomizing and reducing particles, as well as expediting chemical reactions. To further address the needs of its customers, the Company also manufactures a spin welder and the vibration welder, both of which are used for the bonding of thermoplastic components.
10k out after close, PR should follow. 4th qtr they did $2.27m in rev with approx $210,000 net inc which is $.06 per sh (I'm basing that net inc on the 9mo net inc of $277k and the year end net inc of $485k in the 10k). Year rev was $9.27m with net inc of $485,000 which is $.14 per sh. Last year loss for year was ($2m) or loss of ($.59) per sh. Rev last year was $11.3m but that included over $2m from Tooltex subs which was sold in 2001.
Sales this year were actually higher by about $70k.
SE $5.26m, shares outstanding 3.3m, cash at year end $1.25m. |
