Dallas, Texas 10/31/2013 (Financialstrend) – ARC Wireless Solutions Inc. (NASDAQ:ARCW) is a wireless communications provider with a market cap of $96 million. In the past one week, the stock has posted an impressive 54% increase in its share price at the markets.
This surcharged growth in the stock value comes on the back of 171% increase in value the stock has seen in the past one month. Investors who invested in the stock 90 days back would have seen their investments grow by close to 250%. This huge bull run of the stock is being fuelled by strong sales growth the company is managing to post. In the fiscal year which ended on June for which results were announced on October4, the company posted more than 153% increase in its sales in comparison to 4Q in FY12. In the back drop of big increase in its revenue inflow, its earnings per share were also up 183% compared to 4Q12. For FY 13, the firm was able to post revenue of $3 million of which more than 50% was recorded in 4Q. 4Q revenue came in at $1.6 million.
The growth has been propelled by the strong performance posted by the precision components division of ARC which caters to customers looking for “metal injection moulding “products.
Commenting about the strong FY13 results, the company CEO Robert Marten has been quoted as saying “We now unequivocally are the world leaders in MIM and have integrated our three MIM factories into a world class, global MIM operation. We are focused on strengthening our position in the MIM industry by growing our existing operations, vertical integration.” In the past 12 months, the stock has posted sales of $68.5 million. This improved cash flow has allowed the firm to announce stock buyback offer. This in turn has helped the stock price retain its premium.