Perceptron (NASDAQ:PRCP) is a microcap company that makes automated industrial dimensional inspection and 3D scanning products. Approximately 80% of their sales go to the auto industry. Despite being a small company, Perceptron has subsidiaries in 13 countries and sells into the majority of the world's major automakers. Sales in fiscal 2015 were $74 million.
From an investor standpoint, Perceptron has been a disappointment over the last few years with a highly volatile share price and financial results. Although revenue has increased, margins have shrunk while administrative costs have ballooned. I believe this negative trajectory can be traced back to the appointment of a new CEO two years ago. This performance likely came to a head as the CEO
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|