Earnings from 'continued operations' would have been about 1/2 a cent a share if not brought down by 'dicontinued operations' attributed to the closing (almost) and losses of the Colorado Springs facility. At that half a cent, if they can continue at this pace which I believe is very possible (I actually think that they can easily earn 1 cent a quarter) that would put the current share price at a 1 to 2.5X PE ratio.

It appears they received orders from a major customer/ military supplier that is being filled in July and August (third quarter)in the Colorado facility delaying it's shutdown. I'm assuming the company believes this will be financially advantageous otherwise they would fill the order in Arvada , although since it's only about an hour and a half away I'm not sure for the rationale behind this.