Telecommunications Systems (TSYS) earnings update.

TSYS announced Q1 2015 (March 31, 2015) earnings after the close last night.http://finance.yahoo.com/news/telecommunication-systems-reports-first-quarter-200500722.html

Revenues were $81.9 million, down from $85.1 million last year and adjusted EPS was $.04 the same as last year. Overall an OK quarter-again. Our valuation was $5.43 down from $5.99 last year and $6.55 last quarter. TSYS is trading at 57% of our valuation. Shares closed at $3.12 on 4/30/2015. This is still a HOLD. We are up 133% on TSYS

Alphatec Holdings (ATEC) earnings update

ATEC announced Q1 2015 (March 31, 2015) earnings after the close last night.

http://finance.yahoo.com/news/alphatec-holdings-announces-first-quarter-200500986.html

Revenues were $48.6 million compared to $49.2 million last year as currency headwinds knocked a 5% revenue gain into a small loss. Non-GAAP EPS was a loss of $.03 compared to a profit of $.01 last year. More significantly, EBITDA was up from $.15 million to $5.3 million. Our valuation came in at $2.61 compared to the previous $3.11 and $2.58 a year ago. ATEC closed at $1.42 on 4/30/2015. ATEC is trading at 54% of our valuation. ATEC is still a BUY.

Synacor (SYNC) earnings update

SYNC announced Q1 2015 (March 31, 2015) earnings after the close last night.

http://finance.yahoo.com/news/synacor-beats-revenue-adjusted-ebitda-200100823.html

Revenues were $26.7 million up 6% from $25.2 million the prior year.  They had a Non-GAAP Profit of about $330,000 million compared to breakeven last year. SYNC’s valuation fell from last quarter’s inflated $6.61  to $5.71, but was still higher than last years $5.44. Shares closed at $2.31 on 4/30/2015. SYNC is trading at 40% of our valuation. SYNC is still a BUY.