It was available on this free site yesterday as well.
www1.freeedgar.com
Can you believe this stock, up $2 or $65MM in Market cap on the announcement of a $5MM contact. As pointed out in the 10Q, margins on this machinery is lower than plates and was part of the reason why gross margins declined so much in Q2. It was also interesting to note that "...In addition, the Company recorded a
one-time charge for an uncollectible account in the amount of $364,000 in the second quarter of 1998, related to its Delta V subsidiary."
From the financial's that follow, it doesn't appear that Delta V's customer is any powerhouse!
DJN Southwall Tech Results -2: 2Q, 6 Months Financial Table
Southwall Technologies Inc. - Palo Alto, Calif.
2nd Quar June 28:
1998 1997
Revenue $14,057,000 $11,684,000
Net income (348,000) 602,000
Avg shrs (basic) 7,664,000 7,048,000
Avg shrs (diluted) 7,664,000 7,759,000
Shr earns (basic)
Net income (.05) .09
Shr earns (diluted)
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