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CUI Global Inc targeting profitability for its energy division in 2019

CUI Global Inc's (NASDAQ:CUI) Bill Clough and Dan Ford spoke to Proactive Investors after reporting a climb in revenue for the fourth quarter and 2018 as a whole -  thanks to strength across its product lines and increased sales of its gas technology systems in North America and Western Europe.

''A good quarter, a really good year and it sets us up really to move forward into 2019 and beyond'', Clough says.

''The most significant thing for me was the performance of the energy division in the second half of the year … we were up 63% in revenues and that really shows we're driving the division towards break-even and profitability''.

Quick facts: CUI Global Inc

Price: 0.6902 USD

NASDAQ:CUI
Market: NASDAQ
Market Cap: $19.8 m
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Capital Network analyst discusses 'transformational' CUI Global deal

Capital Network analyst Ed Stacey says a proposed deal to combine CUI Global (NASDAQ:CUI) with four other businesses will result in an entirely transformed entity with more than 3x the revenues (estimated) of the existing CUI business. The four target businesses provide services to...

on 05/20/2019

2 min read