It is great to see that ISNS revenues are coming back up. Q1 had been a bit scary and I was concerned whether things were going to come back. Q2 has allayed those fears. I like the new numbers, I was only expecting about +$0.20/sh in non-GAAP net income.
http://finance.yahoo.com/news/Image-Sens...
ISNS came in with +$0.32/sh. They remained nicely profitable thru the dimmest times. Now, the stimulus spending is going to start to kick in in July onward. This is looking like a great time. ITI had not done this well since ITI was struggling with breakeven numbers for the Apr-Jun quarter. ISNS seems to be leading fundamentally. ISNS seems to have gotten down to nearly no liabilities or debt. It is kind of crazy that ISNS enterprise value is only $27 million. Roughly, I think we could see a doubling in ISNS price from here. I took a more thorough look with a cash flow valuation model on the new numbers and arrived at $19.25/sh as the intrinsic value (conservatively) for ISNS. Congrats to longs!