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Strategies & Market Trends : Value Investing

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From: Elroy	6/11/2014 7:38:45 PM
	Read Replies (1) of 78751

SIGm reported after the close. Revenues were about exactly in line with guidance.Gross margins held up at 55%. They think this Q was the low revenue point for the year. No detail on licensing revenue amount or guidance. Cash declined by about $8 million (against a reported $10 million GAAP net income loss and a $5 million non-GAAP net loss). No indication in the press release whether they bought back shares in their buyback program, if that was a use of cash that's OK. If they spent $3m on share repurchase and had a $5m net loss that adds up. Hmmm, share count barely moved (down 100k) so perhaps they didn't buy back many shares. Anyways, sounds like a very in line report, and no reason for the stock to move a lot in either direction. Haven't istened to the call yet.

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