For the three months ended September 30, 2010, CUI received new sales orders in the amount of $12,011,947. These numbers represent a 67% year-over-year increase in new orders, up from $7,204,228 in the third quarter 2009.
Significantly, the year-to-date numbers also reflect a dramatic increase to $32,176,698 in sales orders through September 30, 2010 from $19,237,430 in 2009. This represents a growth rate of more than 67% or up $12,939,267.
Okay, that's great, but lets talk about completed sales. Orders are great, but the product has to be manufactured and shipped to the the customer and the customer has to make payment. I appreciate the market CUI is operating in, but I am cautious of their current debt to cash ratio. Additionally, I am encouraged with Wells Fargo Capital extending an $8 million credit facility. Again, sales orders are great, but they have to be completed!
About Waytronx, Inc.
Waytronx, Inc. has pioneered and is developing innovative thermal management solutions capable of revolutionizing the semiconductor, solar and electronic packaging industries, among others, utilizing its patented WayCool(TM)/WayFast(TM) hybrid mesh architecture. In addition, through its acquisition of CUI in May 2008, Waytronx has developed the infrastructure, expertise, and platform necessary to acquire, develop, and commercialize new technologies. For its part, CUI is a solutions provider of electromechanical components and industrial controls for OEM manufacturing. Since its inception in 1989, CUI has been delivering quality products, extensive application solutions, and superior personal service. CUI's solid customer commitment and honest corporate message are a hallmark in the industry.
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