Dear Friends of IMS, 

At IMS, we are lucky enough to work with some of the best management teams and small cap investors on Wall Street. It is because of this that we love what we do. Thank you. We wish you a happy holiday and a joyful New Year.

 

John Nesbett

President

IMS Client News 

December 2017
HEALTHCARE   
Advanced Accelerator Applications (NASDAQ: AAAP), a leading international specialist in Molecular Nuclear Medicine,  announced that a direct and indirect subsidiary of Novartis AG (NYSE: NVS), Novartis Groupe France S.A.,  has commenced a cash tender offer valued at approximately $3.9 billion to purchase all of the outstanding ordinary shares, nominal value €0.10 per share, including Ordinary Shares represented by American Depositary Shares, of AAA, for a price of US $41.00 per Ordinary Share and US $82.00 per ADS...read more

Sharps Compliance Corp. (NASDAQ: SMED), a leading full-service national provider of comprehensive waste management solutions including medical, pharmaceutical and hazardous, announced revenue of $9.7 million for the first quarter of 2018... read more

Sharps Compliance announced that the company has properly disposed of more than 2 million pounds of unused medication since 2009... read more
INDUSTRIAL & MANUFACTURING
Deswell Industries (NASDAQ: DSWL), a leading manufacturer of injection-molded plastic parts and components, electronic products and subassemblies, metallic molds and accessory parts for original equipment manufacturers and contract manufacturers , reported net income of $3.7 million for the first six months of fiscal 2018, as compared to net income of $0.7 million in the prior year period... read more

IEC Electronics Corp. (NYSE MKT: IEC), a premier provider of electronic manufacturing services ("EMS") to advanced technology companies that produce life-saving and mission critical products for the medical, industrial, aerospace and defense sectors, reported revenues of $27.6 million and gross profit margin of 12.6% for the fourth quarter of fiscal 2017... read more

IEC Electronics announced it has been named "Supplier of the Year" by ViaSat, Inc., a global broadband services and technology company...read more

IEC Electronics announced its Analysis and Testing Laboratory in Albuquerque, NM has once again received an ISO/IEC 17025:2005 accreditation from the ANSI-ASQ National Accreditation Board (ANAB)...read more

OMNOVA Solutions Inc. (NYSE: OMN), a global innovator of performance-enhancing chemistries and surfaces used in products for a variety of commercial, industrial and residential applications, announced an 80% increase in Diluted Earnings per Share for the third quarter of fiscal 2017 to $0.18... 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, reported net sales of $82.8 million, gross profit margin of 17.6% and adjusted EBITDA of $2.9 million for the first quarter of fiscal 2018...read more

Sparton announced the receipt of contract awards for the further development of Sparton's Hammerhead maritime payload delivery canister system... read more

Tel-Instrument Electronics Corp. (NYSE MKT: TIK),  a leading designer and manufacturer of avionics test and measurement solutions equipment, reported revenues of $1.8 million and gross margin of 22.4% for the second quarter of fiscal 2018...read more  

Tel-Instrument Electronics Corp. announced that it received over $1,000,000 in orders from four (4) customers, including $543,000 of international Mode 5 orders and $442,000 in orders from a commercial distributor, primarily for a major U.S. airline... read more
TECHNOLOGY   
Quest Solution Inc. (OTCQB: QUES),  a specialty systems integrator that offers field and supply chain mobility solutions, reported improved gross margin of 21.8% and a substantial reduction of net loss from continuing operations to $0.9 million for the third quarter of 2017...read more

Quest Solution announced it has reached a three-year supply agreement to provide hardware and essential data to a Fortune 500 pharmaceutical and medical supply company... read more

Shenandoah Telecommunications Company ("Shentel") (NASDAQ: SHEN),  a diversified communications provider in the Mid-Atlantic United States, reported net income of $3.5 million for the 2017 third quarter, compared to a net loss of $7.6 million in the third quarter of 2016, representing an improvement of $11.1 million, or 146.5%...read more

Shenandoah Telecommunications Company announced that James F. Woodward has joined the Company as Senior Vice President, Finance and Chief Financial Officer...read more

Zoom Telephonics, Inc. (OTCQB: ZMTP), a leading producer of cable modems and other communication products, reported net sales of $8.58 million for the third quarter of 2017, up 43.3% from $5.99 million in the prior year period, and net income of $377 thousand, compared to a net loss of $244 thousand in the third quarter of 2016... read more  

Zoom Telephonics announced it has begun shipments of the Motorola MB7621, a 24x8 cable modem produced under exclusive license from Motorola Mobility LLC...read more

Zoom Telephonics announced it has begun shipments of the Motorola MR1700, an AC1700 Gigabit Router 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 home furnishings, announced that it has entered into an agreement with Heritage Home Group LLC (HHG) to purchase certain of HHG's Lane Venture operating assets for $15,500,000 in cash... read more 

Bassett Furniture announced that its Board of Directors has declared a special dividend of $0.35 per share of outstanding common stock payable on December 15, 2017 to shareholders of record at the close of business on December 1, 2017...read more 

Bassett Furniture  announced that its Board of Directors has declared a dividend of $0.11 per share of outstanding common stock payable on November 24, 2017 to shareholders of record at the close of business on November 10, 2017...read more

XPEL Technologies Corp. (TSVX: DAP.U), a  leading supplier of automotive paint protection and window films, reported third quarter revenues of $17.8 million, a 31.6% increase compared to the prior year, and gross margin as a percentage of sales of 23.8%...read more

XPEL announced its intent to acquire Protex Canada, the top franchisor for automotive paint protection and window film in Canada... read more

XPEL announced its acquisition of Transguard Inc, an installer of automotive paint protection and window film based in Boise, Idaho... read more
ENVIRONMENTAL
Hudson Technologies (NASDAQ: HDSN), a leading provider of innovative and sustainable solutions for optimizing performance and enhancing reliability of commercial and industrial chiller plants and refrigeration systems, reported revenues of $115.8 million for the nine months ended September 30, 2017, an increase of 18% compared to $97.7 million in the comparable 2016 period ... read more

Hudson Technologies reaffirmed its support for the Kigali Amendment to the Montreal Protocol, which has now been ratified by more than 20 countries and will therefore go into effect in January 2019... read more

IR View
When Your Stock Goes Down But Your Business Hasn't Changed How to Handle Investor Inquiries

Unfortunately, stocks go down - often faster than they go up. Stocks frequently decrease for reasons tied to performance, but stocks also decrease for reasons unknown or unrelated to a company's business. Smaller public companies with lower liquidity are particularly susceptible to this volatility... read more

Why MiFID II Could Affect Your Company's Research Coverage and What To Do About It

MiFID stands for The Markets in Financial Instruments Directive. It provides the framework for legislation regarding investment services in Europe. MiFID II is the second installment of the initial directive aimed at addressing issues that were not fixed in the first version. Effective January 3, 2018, MiFID II's mission is to improve the transparency and accuracy of research in the market and to enhance investor protection... read more

Wait, ESG (Whatever That Means) Matters for Small Companies Too? The ABCs of ESG and What Small Companies Need To Do

Leaders in financial research are calling ESG a global movement. World renowned companies like Intel and Coca Cola are creating innovative approaches to integrate ESG into their investor relations, and the majority of the leading large public companies are publishing ESG reports. But what are small public companies doing and, more importantly, what should small public companies be doing? As more and more companies adopt sustainable policies and begin disclosing ESG information, this question will only become more imperative...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