Identifying Opportunity, Placing Risk - Consensus Reports on Natural Alternatives International, Nortek, Nova Lifestyle, Novatel Wireless and Numerex
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, December 12, 2014 /PRNewswire/ --
Moments ago, Realtime Equities released new analyst updates concerning several important developing situations. Realtime Equities is the leader in realtime news, commentary and analysis - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only. To access our full PDF reports on a complementary basis, please visit the links below.
Today's update concerns the following companies:
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FullPDFDownloadLinks (you may have to copy and paste the following links into your browser):
NAII Research Report: (http://get.realtimeequities.com/pdf/?c=Natural%20Alternatives%20International&d=12-Dec-2014&s=NAII),
NTK Research Report: (http://get.realtimeequities.com/pdf/?c=Nortek&d=12-Dec-2014&s=NTK),
NVFY Research Report: (http://get.realtimeequities.com/pdf/?c=Nova%20Lifestyle&d=12-Dec-2014&s=NVFY),
MIFI Research Report: (http://get.realtimeequities.com/pdf/?c=Novatel%20Wireless&d=12-Dec-2014&s=MIFI)
NMRX Research Report: (http://get.realtimeequities.com/pdf/?c=Numerex&d=12-Dec-2014&s=NMRX).
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Analyst Update: Quarterly Earnings, New Offerings and Agreements
Reviewedby:RohitTuli,CFA®
The U.S. stock market on Thursday rebounded and ended the day on positive note as a solid report on US retail sales lifted the investor sentiment. The Dow Jones Industrial Average advanced 0.36%, the S&P 500 was up 0.45%, and the NASDAQ Composite edged 0.52% higher. The retail sales in the U.S. for the month of November 2014 increased 0.7% MoM and 5.1% over the year; further, jobless claims fell by 3,000 to 294,000 in the week that ended December 6, 2014 indicating the U.S. economy is on road to recovery. The European markets ended the day on a mixed note after lending data from the European Central Bank (ECB) buoyed sentiments as the uptake of the low-rate loan program by the ECB met market expectations. The Asian stock markets ended the day in red as investors raised concerns over the political situation in Greece, while declining oil prices also dented investor's confidence.
Natural Alternatives International, Inc. (Natural Alternatives International) reported strong growth in its net sales for fiscal first quarter 2015 while net income registered a whopping 453.4% YoY increase to $487,000. For the quarter, net sales stood at $18.7 million; up 9.0% YoY. The Company's revenue concentration risk for its two largest customers decreased to 57% as a percentage of its total private label contract manufacturing sales for Q1 FY 2015 compared to 58% in Q1 FY 2014.
Ergotron, Inc., a Nortek Inc. (Nortek) company launched its newest sit-stand solution, WorkFit-T a Sit-Stand Desktop Workstation. The WorkFit-T incorporates new patent-pending components to its already patented Constant Force technology. The unique patent pending lift system design facilitates smooth straight up and down movement and reduces product intrusiveness into the user's workspace.
Nova Lifestyle, Inc. (Nova Lifestyle) reported robust third-quarter 2014 results with 155.6% YoY growth in its bottom-line to $3.1 million. Net Sales for the quarter also improved 16.1% YoY to $25.9 million. During the quarter, the Company has signed an agreement with Ping An Insurance Group of China, Ltd. in order to increase its sales in China.
Novatel Wireless, Inc. (Novatel Wireless) has signed a strategic distribution agreement with Server Corner Globaltech (SCG). The agreement would expand the market of both companies in the Middle East through the distribution of Novatel Wireless' specialized Internet of Things (IoT) solutions to SCG systems integrators, operators and enterprise customers.
Numerex Corp. (Numerex) has boosted its Satellite Data Solution services for specifically targeted suite of M2M products. The newly launched service will be used to deliver communications for M2M data collection and for monitoring of customers' assets that are deployed across the security, government, healthcare, energy and utilities, financial services, and transportation industries.
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EditorNote: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
ComplianceProcedure: Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Realtime Equities, represented by Rohit Tuli, CFA®. An outsourced research services provider has only reviewed the information provided by Realtime Equities in this article or report according to the procedures outlined by Realtime Equities. Realtime Equities is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
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