Reads well and in line with my expectations. Great to see gross margins improving with tightening up on manufacturing with 3rd parties. Sales teams obvious key focus while slimming admin costs. R&D on point for all the obvious reasons, improved tech/scope & margins.
Look forward to seeing progress with the mining opportunities in Canada and Mexico (open pit) and new customers for micro devices. Does appear that micro devices is in full production mode and away from NRE as per previous quarters.
Will be asking RS for an outlook in the additional blue chip which came on board late CY17.
All IMO.
SE1 Price at posting:
25.5¢ Sentiment: Buy Disclosure: Held