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Dear Friends of IMS, 

We are pleased to keep you apprised of developments across our client base; below please find recent client activity that we thought might be of interest. As always, please do not hesitate to contact us should you have any questions or if we can be of assistance to any of your portfolio companies.   

 

John Nesbett

President

IMS New Client
Advanced Accelerator Applications (NASDAQ: AAAP; Market Cap: $1.22B) is an innovative radiopharmaceutical company that develops, produces and commercializes Molecular Nuclear Medicine (MNM) products. AAA's lead therapeutic product candidate, Lutathera, is a novel MNM compound that AAA is currently developing for the treatment of Neuro Endocrine Tumors, a significant unmet medical need. AAA currently has 22 production and R&D facilities able to manufacture both diagnostics and therapeutic MNM products, and has over 450 employees in 13 countries. 

IMS Client News 

September 2016
HEALTHCARE   
Advanced Accelerator Applications (NASDAQ: AAAP), a leading international specialist in Molecular Nuclear Medicine, reported a 24.4% increase in total sales to $30.5 million during the second quarter of 2016, and a 179% increase in Adjusted EBITDA to $2.5 million...read more

Advanced Accelerator Applications announced that the European Medicines Agency (EMA) has issued a positive opinion on the Marketing Authorization Application for SomaKit TOC 40µg...read more

Advanced Accelerator Applications announced the initiation of two Phase II clinical studies evaluating Annexin imaging in cardiovascular and cardio-oncology indications... read more

Sharps Compliance Corp. (NASDAQ: SMED), a leading full-service provider of solutions for the cost-effective management of medical waste, used healthcare materials and unused dispensed medications, announced that revenue increased 8% to $33.4 million in fiscal 2016, with EBITDA of $821 thousand... read more

Sharps announced that it has received the Commonwealth of Pennsylvania Department of Environmental Protection Bureau of Waste Management permit for the processing of medical waste at its treatment facility located in northeastern Pennsylvania... read more
INDUSTRIAL & MANUFACTURING
Deswell Industries (NASDAQ: DSWL), a leading plastic injection molding company and electronics assembler, announced net sales of $8.4 million in the fourth quarter of 2016, an increase of 3.5% compared to the fourth quarter of 2015. Total gross margin increased to 15.1% in the fourth quarter compared to 11.5% in the same quarter last year... read more

IEC Electronics Corp. (NYSE MKT: IEC), a premier provider of electronic manufacturing services ("EMS") to advanced technology companies primarily in the aerospace and defense, medical, industrial and communication sectors, reported a 140% increase in net income to $1.6 million during the third quarter of 2016. Gross profit margin improved to 16.8% compared to 14.4% in the third quarter last year... read more

IEC announced that it has received a $3.7 million contract from a strategic aerospace and defense customer with revenues in excess of $700 million... read more

OMNOVA Solutions Inc. (NYSE: OMN), a global innovator of performance-enhancing chemistries and surfaces, used healthcare materials and unused dispensed medications, announced that in the second quarter of 2016 adjusted diluted EPS increased 64% to $0.18 compared to $0.11 in the same period last year. Trailing twelve month adjusted EBITDA increased to $83.7 million compared to $75.5 million in the second quarter last year... read more

Sparton Corp. (NYSE: SPA), a provider of complex and sophisticated electromechanical devices and instrumentation,  anti-submarine warfare technology and other electronic related products to leading-edge companies in diverse markets, reported that fourth quarter 2016 sales increased 5% to $107.0 million with Adjusted EPS of $0.50 per share...read more

Sparton announced the award of subcontracts valued at $19.2 million from their ERAPSCO/SonobuoysTech Systems joint venture, for the manufacture of Passive and Active sonobuoys in support of multiple underwater missions... read more

Tel-Instrument Electronics Corp. (NYSE MKT: TIK),  a leading designer and manufacturer of avionics test and measurement solutions equipment, announced first quarter 2017 net income of $410 thousand, a 47% increase compared to $279 thousand in the same period last year. Gross margin improved to 35.1% versus 31.1% in 2016... read more
TECHNOLOGY   
Micronet Enertec Technologies, Inc. (NASDAQ: MICT), a provider and manufacturer of rugged computers, tablets and computer-based systems for the commercial Mobile Resource Management (MRM) market and for the defense and aerospace markets,  reported that second quarter fiscal 2016 revenue grew 17% to $6.7 million, with a gross margin of 23%... read more

Shenandoah Telecommunications Company ("Shentel") (NASDAQ: SHEN),  a diversified communications provider in the Mid-Atlantic United States, reported that second quarter 2016 revenue grew 52.1% to $130.3 million and Adjusted OIBDA increased 48.5% to $55.9 million...read more

Zoom Telephonics, Inc. (OTCQB: ZMTP), a leading producer of cable modems and other communication products,  announced the signing of an amendment to its exclusive license agreement with Motorola Mobility LLC to include the worldwide rights to use the Motorola brand for certain Consumer Wi-Fi Home-Networking products ... read more

Zoom Telephonics reported second quarter 2016 net sales of $3.98 million, an increase of  53.4% compared to the second quarter of last year ... read more
CONSUMER PRODUCTS & RETAIL SERVICES   
Bassett Furniture Industries, Inc. (NASDAQ: BSET), a leading furniture manufacturer and retailer, reported consolidated sales of $106.7 million and  o perating income of $5.9 million or 5.5% of sales for the second quarter of 2016... read more 

Bassett Furniture announced that its Board of Directors declared a  $0.10  per share special dividend payable on August  26, 2016  to shareholders of record on August  12, 2016 ... read more

Chanticleer Holdings (NASDAQ: HOTR), a leading owner, operator, and franchisor of multiple branded restaurants in the U.S. and abroad , reported that second quarter 2016 revenue increased 25% to $10.8 million and non-GAAP Adjusted EBITDA improved to a profit of $0.2 million compared to a loss of $(0.6) million in the comparable quarter last year ... read more

Chanticleer announced that it has raised $500,000 in direct EB-5 financing to open two Little Big Burgers (LBB) in Oregon... read more

Chanticleer announced the geographical expansion of its agreement with a financial partner to include restaurants beyond the Seattle, Washington area...read more

XPEL Technologies Corp. (TSVX: DAP.U),  the leading supplier and manufacturer of automotive paint and headlamp protection films, reported that on a constant currency basis, r evenue grew 22% to $13.8 million and EBITDA increased 30% to $1.6 million in the first quarter of fiscal 2016...

Xpel announced the acquisition of certain assets of Connectin Europe, B.V. and the concurrent establishment of XPEL B.V., in Tilburg, Netherlands to serve as a sales, distribution, training and design center.... read more
ENVIRONMENTAL
Hudson Technologies (NASDAQ: HDSN), a leading provider of refrigerants and reclamation for commercial refrigeration and air conditioning systems, announced that fiscal second quarter 2016 revenue increased 21% to $34.6 million. Net income for the quarter increased 71% to $4.8 million or $0.14 per diluted share...

Hudson announced the appointment of Nat Krishnamurti, CPA as Chief Financial Officer ... read more
SEPTEMBER 2016
IR View 
How to Host a Successful Investor Day

Hosting an Investor Day is a rite of passage for many public companies. As microcap companies approach or cross the threshold to small cap status, the Investor Day is an investor relations tool that management teams may utilize to constructively engage with investors. At IMS, we have hosted several successful Investor Days with our clients...read more
Video: "A Supercharged Boutique"
 
 
IMS - An Overview
IMS - An Overview
 
  
Institutional Marketing Services (IMS) 
is a full service investor relations firm offering a fresh and sensible approach to building credibility and reach in the investment community. The mission of the firm is simple: to make investor relations strategic, measurable and successful. Visit the Company's website at www.institutionalms.com. 

 
For more information about IMS, contact:
John Nesbett, President
Phone: (203) 972-9200