Last week’s (02/03/11) DWCH's Q1 results were satisfactory. Profitable results increased cash by 428k or 6% to 7.481 million. The European and Australian operations exceeded management expectations. The company’s size of 19 million with no long term debt and 7.481 million in cash provides a margin of safety.
I believe the most important note was the reposition of their messaging for the company’s solutions.DWCH believes that any company that uses reports for information and decision making will greatly benefit from their low cost easy to implement high ROI solutions.
Evidence that the repositioning is gaining traction was the recent significant Monarch Enterprise server solution recently sold Australia to be recognized next quarter.
Datawatch Corp. (DWCH)
