Moldflow Gains
Through Shrinkage
I'm reading competing headlines on Yahoo Finance this afternoon:
From Moldflow: Moldflow Announces Revised Corporate Strategy... -- Reports Solid Third Quarter Results from Continuing Operations
From Reuters: Moldflow Posts Q3 Loss; To Sell Manufacturing Solutions Ops
So, who is write right? Both are, once you get deep down into Moldflow's press release.
The company's Q1 revenues were US$14.7 million, up from $11.6 million a year ago. But net income plunged from $1.5 (last year) to a $7.8 million loss this year. Hence the need to sell the division that comprises of the following software:
* Altanium Hot Runner Process Control
* Moldflow Plastics Xpert Injection Molding Process Automation Tools
* Celltrack Production Management
* Shotscope Process Monitoring for Injection Molding
* Shotscope FX Process and Production Monitoring System
* Shotscope FX Process and Production Monitoring System for the Die Cast Industry
Moldflow doesn't say who might be interested, but I'd guess that one of its distributors might pick it up, like Yudo of China.
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