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OTIV

On Track Innovations

$0.60

-0.003 (-0.50%)

06:20
05/07/19
05/07
06:20
05/07/19
06:20

On Track Innovations says expects to resume sequential revenue growth in Q2

Cohen commented, "As we had expected, our first quarter was weak from the revenue standpoint, as we focused on moving our production out of China to the Philippines, where there is no impact from US tariffs. I recently returned from our new production facility which was up and running as of the beginning of the second quarter. I therefore believe that the issue which has affected us for the past two quarters is now behind us and we can look forward to a return of sequential revenue growth in the second quarter and beyond. I am pleased by the high level of gross margins as well as the relative increase in our recurring revenue levels, which sets us up positively as our revenues return to growth. "

  • 07

    May

OTIV On Track Innovations
$0.60

-0.003 (-0.50%)

05/23/18
LSCM
05/23/18
INITIATION
Target $2.25
LSCM
Buy
On Track Innovations assumed with a Buy at Lake Street
Lake Street analyst Jaeson Schmidt assumed coverage of On Track Innovations with a Buy rating and $2.25 price target. The shares "can work higher" from current levels as investors gain confidence in the company's runway for growth and potential earnings leverage in the model, Schmidt tells investors in a research note. He believes On Track is well positioned to benefit from the continued adoption of cashless payment systems especially in the unattended retail market.
10/25/18
TAGS
10/25/18
INITIATION
TAGS
Speculative Buy
On Track Innovations initiated with a Speculative Buy at Taglich Brothers

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IDXX

Idexx Laboratories

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CTRP

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CTRP

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CTRP

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CE

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XRAY

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SIM

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CPRT

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NVS

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