SKIPPACK, Pa., Dec. 18, 2012 /PRNewswire/ -- The GeoTeam at GeoInvesting, LLC was able to visit the facilities at Cleantech Solutions (Nasdaq: CLNT), after which it gleaned some important information regarding the company's operations and growth. Cleantech wowed investors with what appeared to be home run financial results for its third quarter ending September 30, 2012. Reported sales increased 48.5% to $17.3 million and EPS increased 91% to $0.88. CLNT attracted our attention after a bearish November 21, 2012 article was published on Seeking Alpha titled "A Troubling Visit to Cleantech Solutions." Following these developments and dramatic volatility in CLNT's shares, we decided to visit CLNT for a firsthand glimpse of the company's operations. During this visit, we were able to cross check some of the company's recent claims, so our initial due diligence confirms that a good deal of information disclosed in the CLNT's SEC documents holds some credence. Please see entire report here at Seeking Alpha To receive exclusive notice of detailed reports like these as well as garner access to a wealth of other features at GeoInvesting.com, subscribe to our Premium Service and become part of our investment community. GeoInvesting looks forward to sharing its extensive experience with you with respect to due diligence and research on micro-cap U.S growth stocks, as well as U.S. listed Chinese companies. GeoInvesting Contacts: Dan David, Vice PresidentPh. 484-991-8426Web site: http://www.geoinvesting.com/ SOURCE GeoInvesting.com
Cleantech Solutions (CLNT) soared Monday after the metal components manufacturer reported its fourth-quarter results. Revenue increased 29.4% year over year to $22.8 million from $17.6 million mostly due to sales of the company's dyeing and finishing equipment thanks to the demand for Cleantech's low-emission airflow dyeing machines. Net income increased to $2.1 million, or 60 cents per basic and diluted share, from $0.5 million, or 17 cents per basic and diluted share, in the same period one year earlier. Operating expenses decreased 10.7% year over year to $3.1 million from $3.5 million, while operating income increased to $2.8 million from $0.7 million. Operating margin was 12.2% compared to 4.1% in the same period one year earlier. Adjusted EBIDTA rose year over year to $7.3 million from $4.8 million.