Echelon is now focusing its growth on «smart» commercial & municipal LED lighting (although its fab-less chip business has apparently now stabilized after a long decline), and if the lighting business
accelerates (and it could, due to recent sales force hires and new products), I think there's a chance it can hit a break - even annualized revenue run - rate of $ 40 million by Q4 - 2019 (pushed
back from my earlier hoped - for timeline) at which point — assuming $ 14 million of remaining net cash (vs. an estimated $ 18 million at the end of Q2 2018) and 4.7 million shares outstanding (vs 4.52 million today), an enterprise value of 1x revenue on this 53 % gross margin company would put the
stock in the mid - $ 11s per share.
European
stocks take cues from opening drop in U.S. and end near session lows Adidas
backs yearly outlook European
stocks on Thursday close lower, with selling
accelerating in the afternoon as U.S.
stocks slumped at the start of their regular trading session, extending a downturn begun following the Federal Reserve's Wednesday policy update on inflation and economic health.
A push to restrict «bump
stocks,» a device that was used to
accelerate gunfire in the massacre in Las Vegas in October, seemed like it might succeed last fall with
backing from the NRA.