Atp Inc., the online electronics retailer and distributor of high-end components, has been a strong performer since the beginning of the year, and that trend could continue this year.
According to a research note released Wednesday by analysts at Wells Fargo Securities, Atp has recorded a net income of $25.9 million in Q4 of 2017.
That compares with a net loss of $21.6 million in the same quarter a year earlier.
The results are a stark contrast to the earnings report for the same period a year ago, when Atp reported a net profit of $20.4 million.
The Atp analyst notes that the company is targeting an earnings loss of more than $10 million in 2018.
In a separate report released Wednesday, Wells Fargo said that the Atp acquisition is expected to close by the end of 2018.
That’s likely to make Atp the first major company to exit the online hardware business, and one that will be the first to exit from a single country.