Electronic Control (OOTC:EKCS) ($0.08; $1.9M market cap) designs, develops, manufactures, and markets technology-based integrated security solutions. Yesterday, we highlighted the Company’s fiscal 2019 6 month results. We were able to obtain first quarter 2019 financials and wanted to provide further clarity on the strength of the company’s Q2 2019 quarter.
It is still unclear if the Q2 2019 revenues will become the company's new run rate, since the company’s revenues and gross margins have historically been lumpy. While gross margins have also been lumpy, it is encouraging to see that they have been improving on a year over year basis.
Margin improvement was an area we highlighted in our initial report.
The key will be to determine if these Q2 2019 results are an outlier or the possible new run rate. When we first interviewed management, they discussed a new software offering which obviously would have bigger gross margins. We will try to determine if the software was the cause for the boost in Q2 gross margins.
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