"OpenTable, Inc. (NASDAQ: OPEN), which operates a restaurant reservation system, is a recent featured stock from small-cap growth expert Jim Oberweis, Jr. in The Oberweis Report.
"The company )is a leading provider of free real-time online restaurant reservations for diners and reservation and guest management solutions for restaurants.
"Their solutions automate the process of taking reservations and managing tables, eliminating the paper and pen at the host stand and allowing restaurants to more efficiently manage their business while building robust diner databases for stronger guest recognition and targeted marketing campaigns.
"The company’s website, www.opentable.com, provides diners with a fast and easy way to find tables for a specified time that meet desired criteria such as type of cuisine, price and location.
"The company completed their initial public offering (IPO) of common stock in May of 2009 at a price of $20.00 per share.
"In the company’s latest reported third quarter, sales increased approximately 20% to $17.0 million from $14.2 million in the third quarter of last year.
"OpenTable reported earnings per share of $.07 in the latest reported third quarter versus $.03 in the same quarter of last year.
"Clients of Oberweis Asset Management own approximately 32,000 shares. These shares may be appropriate for risk oriented investors."
