Dear Friends of IMS, 

We are pleased to keep you apprised of developments across our client base; below please find recent client activity that we thought might be of interest. As always, please do not hesitate to contact us should you have any questions or if we can be of assistance to any of your portfolio companies.   

 

John Nesbett

President

IMS Client News 

April 2017
HEALTHCARE   
Advanced Accelerator Applications (NASDAQ: AAAP), a leading international specialist in Molecular Nuclear Medicine, reported a 23% increase in total sales to $115.4 million for full-year 2016...read more

Advanced Accelerator Applications announced a 10-year exclusive supply agreement for lutetium 177 with the University of Missouri Research Reactor (MURR®)... read more

Advanced Accelerator Applications announced that its product NETSPOT® (gallium Ga 68 dotatate) has been included in the National Comprehensive Cancer Network® ("NCCN") Clinical Practice Guidelines in Oncology version 1.2017 update for the evaluation of neuroendocrine tumors ("NETs") ... read more

Sharps Compliance Corp. (NASDAQ: SMED), a leading full-service national provider of comprehensive waste management solutions including medical, pharmaceutical and hazardous, announced that revenue increased 2% sequentially to $9.7 million in the second quarter of fiscal 2017, compared to $9.5 million in the first quarter... read more

Sharps Compliance Corp. announced that it has entered into a new $14.0 million credit facility with a commercial bank ... read more
INDUSTRIAL & MANUFACTURING
Deswell Industries (NASDAQ: DSWL), a leading plastic injection molding company and electronics assembler, announced net sales of $20.6 million for the first half 2017 period. Total gross margin increased to 14.3% during the six months ended September 30, 2016, as compared to 8.9% in the same period last year... read more

IEC Electronics Corp. (NYSE MKT: IEC), a premier provider of electronic manufacturing services ("EMS") to advanced technology companies primarily in the aerospace and defense, medical, industrial and communication sectors, reported revenues of $21.0 million and debt reduction of $7.2 million for the first quarter of fiscal 2017... read more

OMNOVA Solutions Inc. (NYSE: OMN), a global innovator of performance-enhancing chemistries and surfaces used in products for a variety of commerical, industrial and residential applications, announced diluted earnings of $0.08 per share for the first quarter of 2017 and segment operating profit of $14.2 million... read more

Sparton Corp. (NYSE: SPA), a provider of complex and sophisticated electromechanical devices and instrumentation,  anti-submarine warfare technology and other electronic related products to leading-edge companies in diverse markets, reported second quarter 2017 net sales of $97.4 million with adjusted EPS of $0.10 per share...read more

Sparton Corporation and Ultra Electronics USSI, a subsidiary of Ultra Electronics Holdings plc (ULE), announced the award of subcontracts valued at $14.8 million from their ERAPSCO/SonobuoyTech Systems joint venture... read more

Sparton Corporation and Ultra Electronics USSI announced the award of subcontracts valued at $64.6 million to their ERAPSCO joint venture, for the manufacture of sonobuoys for the United States Navy... read more

Tel-Instrument Electronics Corp. (NYSE MKT: TIK),  a leading designer and manufacturer of avionics test and measurement solutions equipment, reported net income of $142 thousand for the third quarter of fiscal 2017, or $0.04 per basic share...read more  
TECHNOLOGY   
Shenandoah Telecommunications Company ("Shentel") (NASDAQ: SHEN),  a diversified communications provider in the Mid-Atlantic United States, reported fourth quarter 2016 revenue grew 78.2% to $155.6 million and operating income increased to $12.2 million...read more

Shenandoah Telecommunications Company announced it has amended its Affiliate Agreement with Sprint to expand its affiliate service territory, adding approximately 500,000 additional POPs in the Parkersburg, WV, Huntington, WV, and Cumberland, MD, basic trading areas ("BTAs")...read more

Zoom Telephonics, Inc. (OTCQB: ZMTP), a leading producer of cable modems, gateways and other communication products, reported net sales of $5.1 million for the fourth quarter of 2016, and fiscal 2016 revenues of $17.8 million... read more   

Zoom Telephonics announced that it has received notice of network compatibility from AT&T Mobility effective April 4, 2017 for two USB cell modems, the Model 4630 LTE Cat1 cell modem and the Model 4610 3G/2G cell modem ... read more

Zoom Telephonics announced that it has begun shipments of the Motorola MX1200 WiFi Range Extender, an AC1200 dual band Range Extender produced under exclusive license from Motorola Mobility LLC ... read more
CONSUMER PRODUCTS & RETAIL SERVICES   
Bassett Furniture Industries, Inc. (NASDAQ: BSET), a leading manufacturer and marketer of high quality, mid-priced home furnishings, reported consolidated sales of $105.9 million and  o perating income of $4.7 million or 4.4% of sales for the first quarter of 2017... read more 

Bassett Furniture announced the opening of its new Bassett Home Furnishings store located in the historical Helms Bakery District of Los Angeles County, California...read more

Bassett Furniture announced that its Board of Directors declared a dividend of  $0.10  per share of outstanding common stock payable on May 2 6, 2017  to shareholders of record at the close of business on May 1 2, 2017 ... read more

Chanticleer Holdings (NASDAQ: HOTR), a leading owner, operator, and franchisor of multiple branded restaurants in the U.S. and abroad , reported that total revenue for fiscal 2016 increased 18.0% to $41.7 million and Restaurant EBITDA improved by 60.9% to $5.0 million ... read more

Chanticleer Holdings announced that its franchisee, Myles Premier, LLC has signed a lease and expects to open a BGR, Burgers Grilled Right ("BGR"), restaurant in the Sugar House district of Salt Lake City, Utah... read more

Chanticleer Holdings announced that its better burger concept, Little Big Burger ("LBB"), has signed a lease and expects to open a new restaurant in the Wallingford district of Seattle, Washington... read more

XPEL Technologies Corp. (TSVX: DAP.U), a  leading supplier of automotive paint, headlamp and window protection films, reported fourth quarter revenue growth of 19% to $13.2 million and annual revenue growth of 24.8% to $51.8 million in fiscal 2016 ...

XPEL announced the acquisition of Stratashield LLC, a provider of installation services for automotive paint protection and window film in Dallas, TX.... read more
ENVIRONMENTAL
Hudson Technologies (NASDAQ: HDSN), a leading provider of refrigerants and reclamation for commercial refrigeration and air conditioning systems, announced record revenues of $105.5 million for full-year 2016 and net income of $0.31 per basic share...

Hudson announced its support of the U.S. International Trade Commission ("ITC") final vote on the antidumping petition related to R-134a (HFC-134a) from China... read more
April 2017
IR View 
Yes Virginia, There Are Investors 
Who Buy Micro Cap Companies 

Who buys microcap companies? More investors than most companies think. It is an amorphous and elusive audience, but one also filled with fundamental investors looking to outperform the averages by capitalizing on an inefficient sector. At IMS, we live and breathe among this group...read more

IR Planning When There's A CEO Change

Quality of management is a key investment consideration for many funds. So when the CEO of a public company changes, it is a big deal. Rumors will swirl, and Wall Street will crave to know what this change means for the strategy of the business. A thoughtful investor relations plan from announcement through the transition will let the new CEO establish credibility, lock in current shareholders and attract new investors...read more
Video: "A Supercharged Boutique"
 
 
IMS - An Overview
IMS - An Overview
 
  
Institutional Marketing Services (IMS) 
is a full service investor relations firm offering a fresh and sensible approach to building credibility and reach in the investment community. The mission of the firm is simple: to make investor relations strategic, measurable and successful. Visit the Company's website at www.institutionalms.com. 

 
For more information about IMS, contact:
John Nesbett, President
Phone: (203) 972-9200