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Balance Sheet and Cash Flow      2-Nov-09 02:01 pm    
A point of interest having just read the latest 10Q. At June 30, 2008 HRT had $2.2 million cash, and about $700,000 in debt. Then the Great Recession hit. How has HRT fared? Well at September 30, 2009 5 quarters into the Great Recession, HRT now has $2.5 million cash and eliminated all debt. They have also repurchased shares and invested in new technology in the business during that time.

So you know I am concerned about sensor pricing, but despite weak and deteriorating sensor pricing, and in the midst of the worst economy since the Great Depression--HRT has generated excess cash flow, paid off its debt, bought automation equipment, and repurchased stock.

If the economy ever turns, if sensor pricing ever stabilizes, the excess cash flow generation here could be significant. Oh, by the way the company generated about $1.3 million is cash from operations in the September quarter (That's one quarter, not annually, not year-to-date--but just in the last quarter).
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roboklerk

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  Subject Author Rating Time of Post (ET)  
 
Balance Sheet and Cash Flow
roboklerk Not rated 2-Nov-09 02:01 pm  
 
Some points: "The investment in automated equip...
gtrueba0 Rate it 2-Nov-09 02:38 pm  
 
wait for the 10Q on the "no stock repurchase"...
chance_1o1 Rate it 4-Nov-09 09:11 am  
 
10Q is already out... "An aggregate o...
gtrueba0 Rate it 4-Nov-09 11:08 am  
 
Only a couple hundred thousand left...
roboklerk Rate it 4-Nov-09 02:04 pm  
 
I don't think they will look a...
drdave01 Rate it 4-Nov-09 02:36 pm  
 
Lost market share in Cana...
chance_1o1 Rate it 5-Nov-09 04:50 pm  
 
...
drdave01 Rate it 10-Nov-09 01:23 pm  
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Arrhythmia Research Technology Inc. (HRT)

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