Concurrent Computer (CCUR) earnings update.
CCUR announced Q2 2015 (December 31, 2014) earnings after the close last night. Revenues were $16 million, down 10% from $17.8 million last year. They lost $.6 million versus a $1.1 million profit last year. Gross margin held steady at 55%. Our valuation was $13.07 down from $14.80 last quarter. CCUR is now trading at 52% of our valuation. Cash per share was $2.75 or 40% of the market cap. Shares closed at $6.82 on 1/17/2015. This is now a HOLD until we see what the new CEO can do and they get revenue growth back (and profits). We continue to collect the 7% dividend.