Seeking Alpha

On Track Innovations whipsaws on Q2 results

  • Shares of On Track Innovations (OTIV) -1.4% jumped 9.7% before fading following the company's Q2 results.
  • Gross margin expanded 11% Y/Y to 56.7% in Q2.
  • Opex fell 8% Y/Y to $7.2M due to lower headcount and management costs. Operating expenses will likely continue to fall in 2H. The company divested 2 non-core businesses in Aug. (I, II)
  • Adjusted EBITDA was -$1.5M in Q2, compared to -$3.5M in Q2 2012.
  • Subsidiary ASEC won 3 mass transit e-ticket operator projects in Poland. The contract value is expected to be more than $50M over a 5 to 10 year period.
From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs