Bolt Technology Inc. (NASDAQ:BOLT) is a company that specializes in underwater Technology that provide services in underwater exploration and research. Bolt Technology has two main sources of revenue. Its proprietary product suite is comprised of key components needed by seismic exploration vessels to acquire seismic data and underwater remotely operated vehicle (ROV) systems known under the trade name "Little Benthic Vehicles" (LBV's).
Bolt Technology has a couple external catalysts and an internal catalyst that will drive earnings, revenues and the stock price over the long-term. These external catalysts are: the projected increase in Capex spending for the offshore drilling services market and the increased need for Technology suited for underwater exploration, research and maintenance. The internal catalyst for...
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