Proactive Investors - Run By Investors For Investors

CUI Global - Disruptive technology moving ahead

CUI Global - Disruptive technology moving ahead

CUI Global (NASDAQ: CUI) is a platform company focussing on the acquisition, development and commercialization of new, innovative technologies. The company operates through two divisions – Power & Electromechanical, and Energy.

The strategic focus for CUI Global is the Energy segment. We believe that this business is entering a phase of transformational growth. In this report we examine the growth potential for the Energy segment and some of the major projects which will deliver this growth.

 

Finally we consider that our forecasts for revenue and earnings could mean in terms of the stock price. We frame this in terms of 2020 exit multiples for investors, as we believe this is a sensible timeframe to realise the early stages of the GasPT journey.

Full report is available via Capital Network website
View full CUI profile View Profile

CUI Global Inc Timeline

CN Research
May 17 2019
Article
May 16 2019

Related Researches

no_picture_pai.jpg
April 10 2019

Location Sciences Group PLC (LON:LSAI) is a high growth technology company and global leader in location verification. Location Sciences was born in September 2017 from the ashes of Proxama PLC. The transformation was formalised with the name change to Location Sciences Group PLC in 2018. During the last 12 months, Location Sciences has launched its first-of-a-kind location advertising authentication platform – Verify. The company has achieved rapid growth in revenue in the last nine months, while substantially reducing its cost base. In this report, we examine the progress so far and the roadmap going forward.

Carriers of mobile-phone-based advertising can command a large price premium for advertising that targets consumers in a specific physical location. Brands who wish to use location-based mobile advertising (a market estimated to be worth US$19 billion in 2018 source: Juniper, Sept 2017) face a huge problem with inaccurate and fraudulent location data from ad publishers. The Verify platform allows brands to authenticate their location-based advertising.

no_picture_pai.jpg
January 25 2019

During the last week, the company has made two significant announcements:

  • The nomination of Moni Borovitz as CEO, from finance director previously, subject to the annual general meeting on 14 March.
  • A share buyback of up to £150k, commencing 28 January

The company came into being in its current form via the August 2018 merger of MTI Wireless Edge with MTI Computers, with Moni Borovitz playing a leading role in delivering the merger.

In this report, we present a reminder of the key dynamics of the merger. We note that since the merger, the share price has yet to stabilise and we believe that the buyback may be helpful in this regard.

no_picture_pai.jpg
March 19 2019

CUI Global (NASDAQ:CUI) has reported strong results for the full year (FY) 2018, with revenues of US$96.8mln versus our forecast of US$92.8mln. The FY order backlog stood at US$37.5mln versus US$32.8mln at the end of 2017.

The company reported an underlying loss (statutory LBITDA) of USS$14.0mln versus our forecast of a loss of US$8.1mln; however, this figure is after booking non-cash impairment charges of US$7.4mln, relating to delays in existing customer contracts in the Energy division, and other issues. On an adjusted EBITDA basis, the outcome of a loss of US$8.0mln was ahead of our forecast.

Also in the release, CUI announced that it has agreed to acquire a 20% stake in VPS, the key partner on the ICE programme for data-centre energy management, gaining representation on the board of VPS. We see this as a positive route to capitalise on the software-defined opportunity of ICE.

Copyright © Proactiveinvestors.com, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use