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CUI Global schedules 1Q19 report ?4
11:25 10-May-19
Additionally, CUI is now falling over 7%, to $1.14 as the company
filed
for a delayed 10-Q. However, the reason given is
a delay experienced by the Registrant in finalizing other disclosures in the Form 10-Q for pending corporate developments unrelated to the Registrant’s financial statements.
I'm glad that financial statements are unaffected, and my read is that the pending corporate developments have at least as much chance of being good as of being bad.
CUI Global has scheduled its first quarter report for after market close on May 15th. Only two analysts cover the company and the midpoints of their estimates are a loss of 7 cents per share on $21.8M in revenue, which is expected to climb to $27.3M this quarter.
I've already written about how there is reason to hope that the purgatorial situation in Italy will abate, and Westport's report last night could be taken as another positive sign. Management has gone to great lengths to avoid dilution and I am impressed with that. We need to start getting numbers for traction with the Samson channel, though, and time projections for when that will happen with the new VIRTU collaboration with Mitsubishi, though. Movement in Italy and/or the U.K. remains most imperative, though. If that happens, I think the stock has at least 100% near-term upside. Otherwise it's hard to see how CUI Global makes it more than another quarter without raising cash.