Perceptron (PRCP) Opts for Organic, Acqusiitions Growth Strategy
Tweet
Share
E-mailGet Alerts PRCP Hot Sheet
Price: $6.98 --0%
Financial Fact:
Total operating expenses: 6.55M
Today's EPS Names:
BTTX, VAXX, ELYS, More
Financial Fact:
Total operating expenses: 6.55M
Today's EPS Names:
BTTX, VAXX, ELYS, More
Join SI Premium – FREE
Perceptron, Inc. (Nasdaq: PRCP) initiated a growth strategy earlier this year, designed to drive revenue growth and improve profitability. The Company is seeking to grow through a combination of organic growth while evaluating acquiring a synergistic technology-oriented business in a complementary non-automotive market segment. The Company intends to engage an investment banker as part of the process to assist it in identifying and evaluating appropriate potential acquisition targets and to provide appropriate feedback on our strategic direction and associated plans.
The Company's current growth strategy developed out of a review of strategic alternatives undertaken by the Board of Directors and management in August 2011. At the conclusion of this review, the Board determined that the continued execution of the Company's business plan for organic growth and the exploration of an acquisition strategy were the best alternatives for increasing shareholder value. The Company expects that its industry breakthrough technology, Helix", which is entering its first phase of commercial release in all three automotive regions, will significantly enhance the Company's future business opportunities for expansion in existing and new market segments. It also believes that a synergistic acquisition of a technology-oriented company provides opportunities for revenue growth and improved profitability through new revenue sources and an increased operating scale.
The Company's current growth strategy developed out of a review of strategic alternatives undertaken by the Board of Directors and management in August 2011. At the conclusion of this review, the Board determined that the continued execution of the Company's business plan for organic growth and the exploration of an acquisition strategy were the best alternatives for increasing shareholder value. The Company expects that its industry breakthrough technology, Helix", which is entering its first phase of commercial release in all three automotive regions, will significantly enhance the Company's future business opportunities for expansion in existing and new market segments. It also believes that a synergistic acquisition of a technology-oriented company provides opportunities for revenue growth and improved profitability through new revenue sources and an increased operating scale.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Boeing names Ryan Shedd as new SVP and controller
- enVVeno Medical (NVNO) files $100M mixed shelf
- Denarius Metals acquires 15% stake in Copper Giant, Trafigura invests
Create E-mail Alert Related Categories
Corporate News, GuidanceSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
