I looked at Boca's SEC filings: sec.gov and the did $8,509,000 (12% of sales) in contract manufacturing. It looks like a possible negative, except that last time CMCI lost a customer, they found new ones quickly.
MANUFACTURING The Company began its own manufacturing operation in 1992 to provide the Company with assembly capabilities utilizing SMT. This technology allows increased functional density and reduction in size of the circuit board. Such reduction in size permits increasingly complex circuits to be packaged at closer proximities, enhancing circuit processing speed and thus board and system performance. SMT has enabled the Company to reduce costs, increase capacity, increase production yields, and improve the quality of its products. All of the Company's products are currently designed, manufactured, assembled, tested, and packaged at the Company's manufacturing facility in Boca Raton, Florida using seven high-volume SMT lines, which currently run on two shifts. The Company has the ability to increase its monthly production capacity by updating some of its manufacturing equipment, by adding additional SMT lines and/or by running a third shift. |