William Garrison
Small-cap, micro-cap, long/short equity

RELM Wireless Corp.--Back To Where We Started

RELM Wireless Corp. (NYSEMKT:RWC) posted disappointing second quarter 2013 results, with revenue declining 34% y/y to $6.2 million vs. last year's strong quarter of $9.3 million. EPS came in at $0.01 vs. last year's $0.09 in EPS. This was particularly disappointing relative to management's optimism on the 2013Q1 conference call, during which the Chairman discussed a goal of exceeding last year's strong results in the second quarter. However, the shortfall was not a complete surprise, given that the company has a history of issuing press releases for contract wins in excess of $1 million, and there were no such press releases during the entire second quarter. Unfortunately, we also have not seen any contract win press releases...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details