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Computer Based Systems
Computer Based Systems, Inc. (LXK) is a publicly traded company that specializes in the design, development, and manufacture of security and surveillance solutions for transportation, law enforcement, and commercial markets. The company's security solutions include intelligent transportation systems (ITS), digital video recorders (DVRs), network video recorders (NVRs), and a variety of cameras and sensors.
As of February 2023, Computer Based Systems has a market capitalization of approximately $15 million and its stock is traded on the NASDAQ stock exchange under the ticker symbol "LXK".
When it comes to financial performance, Computer Based Systems has historically reported consistent revenue growth. For the fiscal year 2022, the company reported revenue of $21.3 million, representing an increase of 7.4% compared to the previous year. However, the company's net income has been inconsistent and has even reported net losses in some years. For example, in 2022, the company reported a net loss of $2.1 million, which was an improvement compared to the net loss of $3.6 million reported in 2021.
It is important to note that while the company has reported consistent revenue growth, its net income has been volatile and its earnings per share (EPS) have been negative in recent years. As a result, it may not be an attractive investment for those looking for consistent earnings growth.
Computer Based Systems operates in a competitive market, facing competition from both established players and newer entrants. However, the company's focus on security and surveillance solutions, particularly for transportation and law enforcement, sets it apart from many of its competitors and positions it well to benefit from growing concerns around public safety and security.
In summary, Computer Based Systems is a small-cap company with consistent revenue growth but inconsistent net income and earnings per share. The company's focus on security and surveillance solutions for transportation and law enforcement provides it with a unique market position, but it faces competition from well-established players in the industry. As with any investment, potential investors should carefully consider the risks and potential rewards before making a decision.