Spartan Motors, Inc. (NASDAQ: SPAR) $7.04 +6.51%. Company has announced earnings of $0.11 per share, $0.02 better than the Thomson Reuters consensus of $0.09; revenues rose 31.5% year/year to $126.9 mln vs the $117.9 mln consensus. Management stated that "In 2010 we continued to implement the strategic initiatives that we started in the second half of 2009. Although we have already begun to see positive financial and operating results from those actions, we are even more optimistic about the opportunities and longer-term growth potential that we have.
Spartan Motors, Inc. is an engineer and manufacturer in the heavy-duty, custom vehicles marketplace. The Company has five wholly owned operating subsidiaries: Spartan Motors Chassis, Inc. (Spartan Chassis), Crimson Fire, Inc. (Crimson), Crimson Fire Aerials, Inc. (Crimson Aerials), Road Rescue, Inc. (Road Rescue) and Utilimaster Corporation (Utilimaster). Spartan Chassis is a designer, engineer and manufacturer of custom heavy-duty chassis. Crimson and Road Rescue engineer and manufacture emergency vehicles built on chassis platforms purchased from either Spartan Chassis.
Active Power (NASDAQ: ACPW) $2.35 -7.52%. Company reported in-line guidance for Q1, sees EPS of ($0.02)-0.00 vs. ($0.01) Thomson Reuters consensus; sees Q1 revs of $16-19 mln vs. $16.92 mln consensus. While this expectation reflects traditional seasonality when compared to the previous quarter, it would represent an increase between 44% and 71% as compared to the same year-ago quarter. Gross profit margin in the fourth quarter was 28%, compared to 30% in the previous quarter and 19% in 4Q of 2009.
Active Power, Inc. (Active Power) is a manufacturer and provider of continuous power solutions incorporating uninterruptible power supply (UPS) systems that ensure business continuity for enterprises in the event of power disturbances. The Company's products and solutions are designed to deliver continuous clean power, protecting customers from voltage fluctuations, such as surges and sags and frequency fluctuations and to provide ride-through, or temporary, power to bridge the gap between a power outage and the restoration of utility power.
Pulse Electronics (NASDAQ: PULS) $5.34 -0.56%. Company announced it plans to increase prices for its components in the coming weeks. "The price increases are necessitated by higher minimum wage rates that will take effect in many provinces in China in March, as well as rising costs for raw materials... We have implemented higher pricing on select new quotes and contracts. We will also implement a broader price increase across most of our customer base and in our distribution channel in April."
Pulse Electronics Corporation, formerly Technitrol, Inc., is a producer of precision-engineered electronic components and modules. The Company's electronic components and modules are used to manage, transmit and regulate electronic signals and power in virtually all types of electronic products. As of October 1, 2010, it had manufacturing operations in the United States of America and China. The Company has three primary product lines. Its network products include a variety of magnetic and radio frequency components, modules and sub-assemblies, such as connectors, filters, transformers and chokes.
Vermillion, Inc. (NASDAQ: VRML) $5.60 -1.79%. Company expects that the net proceeds of the offering will be approximately $20,210,000 after deducting underwriting discounts and expected offering expenses. The Company intends to use the net proceeds from this offering to fund the expansion of the US Sales organization and the associated reimbursement activities, to pursue its expansion and capitalize upon the international opportunities, to accelerate the clinical trials of its diagnostic test for peripheral arterial disease and OVA2, to develop additional diagnostic tests, to pursue product diversification opportunities, and for other general corporate purposes. Roth Capital Partners acted as the sole manager of the offering.
Vermillion, Inc. (Vermillion) is engaged in the discovery, development and commercialization of diagnostic tests that help physicians diagnose, treat and improve outcomes for patients. Its lead product is the OVA1 ovarian tumor triage test (the OVA1 Test), which was cleared by the United States Food and Drug Administration on September 11, 2009.
Outdoor Channel Holdings, Inc. (NASDAQ: OUTD) $8.03 -1.47%. Company announces the acquisition of MyOutdoorTV.com. The site, which has a dedicated library of more than 300 television shows and 8,400 online videos on the outdoor lifestyle, will join co's digital network of web sites. Terms of the transaction were not disclosed.
Outdoor Channel Holdings, Inc. is an entertainment and media company. The Company operates in two business segments: The Outdoor Channel (TOC) and the Production Services segment. The TOC segment is comprised of The Outdoor Channel, Inc., a wholly owned indirect subsidiary of Outdoor Channel Holdings, Inc. It operates Outdoor Channel, a national television network engaged in outdoor related lifestyle programming.
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Forward-Looking Statement: This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
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