Q: Please comment on the financial results of ACM Research (ACMR); your outlook for the company; and whether you'd consider it buyable. Thanks.
5i Research Answer:
ACMR EPS of 43c destroyed estimates of 17c; revenue of $170M was 14% better than expected. It was an excellent showing, and multiple brokers raised their targets prices. Sales rose more than 60%. The balance sheet is strong with net cash, and 30% growth is expected over the next year. At 22X earnings, this one looks good to us and we would be fine buying it for small cap investors.