LVLT Has Profitable 4th Quarter...But!

[Parsad]

LVLT had a profitable 4th Q due to one-time non-operating gains. 

 

http://sev.prnewswire.com/computer-electronics/20090211/LA6941611022009-1.html

 

Interestingly, they are narrowing the spread between revenue and operational costs, especially by cutting G&A expenses.  They are probably a year or two away, but we may actually see LVLT become profitable solely from operations. 

 

At our Fairfax Dinner last year, Sam Mitchell was asked about LVLT and how far they are from reaching a critical mass.  Sam suggested that timeframe was closer to a couple of years, rather than several years.  Perhaps, Southeastern will make their money back in the next few years.  Cheers!