Since Ubiquiti's humble beginning from my apartment in 2005 through its first year and now achieving over $100 million in earnings, it has been profitable every single quarter. Because of the robustness of our hyper efficiency model, strong cash flows and solid balance sheet, we are in a position to take advantage of a unique opportunity to repurchase our stock which I believe is substantially undervalued from a long-term growth perspective.
Ubiquiti Networks' CEO Discusses F4Q12 Results - Earnings Call Transcript
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