Q: It now looks like we now have 3 strong quarters under the belt of BRM. Would appreciate your thoughts on their latest earnings. Clearly the market is very impressed.
5i Research Answer:
BRM had a good move and is up 222% in the past year. But, its market cap is still only $45M and it needs to be considered risky. Revenue was $14.9M and EPS 14c. The stock is certainly cheap if these levels can be maintained or grown. EPS quadrupled in the quarter on a 103% increase in revenue. Backlog did fall to $48.4M from $54.5M last year. It can be cyclical, but with rates falling and momentum strong things look good here for investors seeking a microcap.