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ExOne, eMagin schedule 2Q17 and oil notes ?3
ExOne has scheduled the report on its second quarter to be released after market close on August 9th. Just two analysts are still covering the company, and on average they expect it to lose 16 cents per share on $14.8M in sales, with current quarter revenue improving to $16.7M.
I still see no reason to own XONE shares at present. The industry is moving forward, and it's hard to find evidence that ExOne is keeping pace.
eMagin has scheduled
its second quarter report to take place before market open on
Thursday, August 10th. Three analyst projections average out to a
loss of 5 cents per share on $6M in sales, with current quarter
average revenue estimates at $7.1M.
The VR/AR market continues to struggle
to find a way forward, and I continue to think that eMagin can be
a part of the solution. However, it will need to find a
partnership that allows it to do so without diluting
shareholders. The rebate
rate is just below 2%.
I will be listening to the Patterson conference call at 10am this morning, but will probably not report further on it. Feel free to ask questions. The company turned in a good report:
- a loss of 21 cents per share, beating by 9 cents
- on $579M in revenue, which beats by
which was misread on some sites. PTEN may erase some of its
losses this morning, and there is also reason for optimism from
Schlumberger's report. That company is continuing its push to
manage and even finance the entire oil cycle. However, there is
excessive danger as well. Many countries are looking at banning
gas vehicle sales entirely, although not for decades, with
the exception of Norway. Thus the timing of developments is
critical when it comes to oil-related investments, and I'll
probably discuss that again in conjunction with Energy Recovery's
report next week.