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 

October 2017
HEALTHCARE   
Advanced Accelerator Applications (NASDAQ: AAAP), a leading international specialist in Molecular Nuclear Medicine, reported a 32% year-over-year increase in total sales to $41.7 million for the second quarter of 2017...read more

Advanced Accelerator Applications announced that the European Commission has approved the marketing of lutetium oxodotreotide (Lutathera ®) for the "treatment of unresectable or metastatic, progressive, well differentiated, somatostatin receptor positive gastreoenteropancreatic neuroendocrine tumors" ... read more

Sharps Compliance Corp. (NASDAQ: SMED), a leading full-service national provider of comprehensive waste management solutions including medical, pharmaceutical and hazardous, announced a 17% increase in revenue to $10.4 million in the fourth quarter of fiscal 2017... 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 , announced net income for fiscal 2017 improved to $1.4 million, as compared to net loss of $4.9 million for the prior year... 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 $26.5 million, a sequential increase of 24%, and gross profit margin of 14.0% for the third 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 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 $104.4 million with adjusted EPS of $0.38 for the fourth quarter of fiscal 2017...read more

Tel-Instrument Electronics Corp. (NYSE MKT: TIK),  a leading designer and manufacturer of avionics test and measurement solutions equipment, reported revenues of $3.5 million and gross profit of $1.2 million for the first quarter of fiscal 2018...read more  

Tel-Instrument Electronics Corp. announced the kick-off of its "DRIVE TO MODE 5" marketing campaign to raise awareness of the Company's market leading Mode 5 test products... read more
TECHNOLOGY   
Quest Solution Inc. (OTCQB: QUES),  a specialty systems integrator that offers field and supply chain mobility solutions, reported Adjusted EBITDA increased 25% to $500,000 for the 2017 second quarter...read more

Quest Solution announced the launch of the Company's turnaround plan to drive improved operating performance and increase profitability by adding new technologies, driving consolidation and more... read more

Shenandoah Telecommunications Company ("Shentel") (NASDAQ: SHEN),  a diversified communications provider in the Mid-Atlantic United States, reported total revenues of $153.3 million for the 2017 second quarter, an increase of 17.6% compared to $130.3 million in the prior year period...read more

Shenandoah Telecommunications Company announced that it completed the transformation of nTelos into the Sprint affiliate model ahead of schedule and on budget...read more

Zoom Telephonics, Inc. (OTCQB: ZMTP), a leading producer of cable modems and other communication products, announced that the Company expects third quarter revenue to exceed $8 million... read more  

Zoom Telephonics announced the signing of an amendment to its license agreement with Motorola Mobility LLC to include the exclusive worldwide rights for the Motorola brand for consumer-grade cellular modems and gateways, DSL modems and gateways, and MoCA adapters... read more
CONSUMER PRODUCTS & RETAIL SERVICES   
Bassett Furniture Industries, Inc. (NASDAQ: BSET), a leading manufacturer and marketer of high quality home furnishings, reported consolidated sales increased to $114.3 million for the third quarter of 2017 and net income improved to $0.43 per diluted share, compared to $0.38 per diluted share in the third quarter of fiscal 2016... read more 

Bassett Furniture announced the opening of a new licensed Bassett Home Furnishings store in Overland Park, Kansas - the second most populous city in the Kansas City metropolitan area...read more

Bassett Furniture announced the formation of the Club Level Motion Division to expand its motion product line nationally with independent retailers... read more

XPEL Technologies Corp. (TSVX: DAP.U), a  leading supplier of automotive paint protection and window films, reported second quarter revenues of $17.0 million, the highest revenue quarter in the Company's history...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,  announced that it has entered into a definitive agreement to acquire Airgas-Refrigerants, Inc. ("ARI"), a leading refrigerant distributor and EPA-certified reclaimer... read more

Hudson Technologies reported record revenues of $52.2 million for the second quarter of 2017, with gross margin of 33%... 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