Company Information

  

Address: 28040 WEST HARRISON PARKWAY  
City: VALENCIA 
State: CA 
Zip Code: 91355 
Telephone: (661) 257-6060 

Description of Business

Primary SIC Code: 5065
(As filed with the SEC)  

We are primarily a supplier of original designed and manufactured (ODM) services that include value-added engineering and turn-key solutions. We focus on providing original equipment manufacturers (OEMs) and contract electronic manufacturers (CEMs) with ODM services for their multi-year turn-key projects ("ODM Projects") and ODM electronic components ("ODM Components"). Our product offerings range from discrete semiconductors through small electronic devices. We also distribute brand name electronic components with a vast inventory available on hand. We are incorporated in California, and were originally formed in 1989. We maintain a majority-owned subsidiary in Mexico (our Mexico subsidiary sales and distribution operations closed in May 2013) and two divisions in each of Taiwan and China.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
06/2017-0.480.025N/E
03/2017-0.500.025N/E
12/2016-0.560.025N/E
06/2016-0.030.025N/E
03/2016-0.060.025N/E
12/2015-0.11NAN/E
09/2015-0.19NAN/E
06/2015-0.21NAN/E

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2016 Leverage 2016
Net Inc/Comm Equity-0.29Total Liab/Total Assets0.17
Net Inc/Total Assets-0.22Total Liab/Inv Cap0.19
Net Inc/Inv Cap-0.25Total Liab/Comm Equity0.23
Pretax Inc/Net Sales-0.45Interest Coverage Ratio-63.54
Net Inc/Net Sales-0.45Curr Debt/EquityNA
Cash Flow/Net Sales0.18LTD/Equity0.09
SG&A/NetSales0.31Total Debt/Equity0.09
Asset Utilization   Liquidity  
Net Receivables Turnover26.39Quick Ratio3.32
Inventory Turnover1.09Current Ratio7.07
Inventory Day Sales0.00Net Rec/Curr Assets0.02
Net Sales/Work Cap0.84Inv/Curr Assets0.53
Net Sales/PP&E1.72  

Income Statement (Millions)

  6/30/2017 3/31/2017 12/31/2016 9/30/2016
Total Revenues(Net Sales) 1.77 2.17 1.69 1.62
Cost of Goods Sold 1.02 1.29 4.28 1.04
Selling & Admin Exps 0.54 0.54 0.53 0.51
Operating Income 0.22 0.33 -3.12 0.07
Interest Exp 0.01 0.01 0.01 0.02
Pretax Income 0.22 0.30 -3.16 0.02
Other Income 0.01 -0.03 -0.03 -0.04
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 0.22 0.30 -3.17 0.02

Balance Sheet (Millions)

Assets 6/30/2017 3/31/2017 12/31/2016 9/30/2016
Cash & Short Term Investments 3.71 3.47 4.02 3.66
Receivables - Total 0.74 1.15 0.23 0.67
Inventories - Total 5.17 5.03 5.06 8.12
Total Current Assets 9.94 9.96 9.53 12.67
Net Property, Plant & Equipment 3.94 3.99 4.03 4.07
Total Assets 14.37 14.37 14.04 17.24
Liabilities        
Accounts Payable 1.43 1.54 1.35 1.25
Debt in Current Liabilities 0.50 NA 0.00 0.00
Total Current Liabilities 1.93 1.54 1.35 1.25
Long-Term Debt 0.50 1.00 1.00 1.00
Total Liabilities 2.53 2.64 2.45 2.35
Stockholder's Equity        
Minority Interest 0.10 0.10 0.10 0.10
Preferred Stock 0.00 0.00 0.00 0.00
Common Stock 0.01 0.01 0.01 0.01
Retained Earnings 0.96 0.88 0.72 4.02
Treasury Stock NA NA NA NA
Total Stockholders' Equity 11.84 11.73 11.58 14.88
Total Liabilities and Stockholders' Equity 14.37 14.37 14.04 17.24

Cash Flow Summary (Millions)

Categories 6/30/2017 3/31/2017 12/31/2016 9/30/2016
Net Cash Provided by Operating Activities 0.44 -0.37 0.49 0.46
Net Cash Provided by Investing Activities -0.10 -0.02 0.00 0.00
Net Cash Provided by Financing Activities -0.10 -0.14 -0.14 -0.64

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/20127.19-0.74-0.14
12/20136.27-0.93-0.17
12/20145.82-1.13-0.21
12/20155.67-0.59-0.11
12/20166.92-3.11-0.56
Growth Rates-0.98----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/17856611.77




Report Date : 10/16/2017

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