Benzinga's Microcap Movers for Monday May 7, 2012

Below are highlights from Benzinga's daily coverage of microcap securities making big moves:

Shares of NN Inc.

, the Johnson City, TN manufacturer of comprehensive product line of high-quality precision bearing components, industrial plastic and rubber products and precision metal components, rose 25.50% Monday on 3 times the average daily volume. NN, Inc. on Monday reported its financial results for the first quarter ended March 31, 2012. Net sales for the first quarter of 2012 decreased $6.8 million or 6.1% to $104.5 million, compared to $111.3 million for the same period of 2011. The decrease was due primarily to lower demand for the Company's products in European automotive end markets. Price increases and positive raw material pass through of approximately $1.8 million were offset by the negative impact of foreign currency exchange of approximately $1.7 million. Net income for the first quarter of 2012 of $5.9 million, or $0.35 per diluted share, compares to $5.5 million, or $0.33 per diluted share, for the same period last year. The negative impact of decreased volumes associated with European automotive sales was more than offset by better financial performance from the Precision Metal Components Segment. Net income for this segment for the first quarter of 2012 was $1.6 million as compared to a net loss of $2.2 million for the same period in 2011. Net income from normal operations in the first quarter of 2012 was $6.6 million, or $0.39 per diluted share, compared to net income from normal operations in the first quarter of 2011 of $5.5 million, or $0.33 per diluted share. Net income from normal operations for the first quarter of 2012 excluded the recording of after-tax foreign currency losses on intercompany loans of $0.7 million. Net income from normal operations for the first quarter of 2011 excluded the recording of an after-tax gain from the deconsolidation of our German subsidiary of $0.8 million and the recording of after-tax foreign currency losses on intercompany loans of $0.9 million. NN Inc. closed at $9.35 on Monday.

Shares of Domark International (

), the Longwood, FL parent company of Solarwerks, rose 77.53% Monday on 7 times the average daily volume. Domark International disclosed Monday the recent study by Chitka showing that iPads represent 94.64% of all online tablet traffic is seen by management as a big positive for the future of its wholly-owned subsidiary Solawerks' new “Solapad” product. The revolutionary new Solapad product is an ever-charging solar and battery system that fits all versions of the Apple

iPad. Once an iPad is placed into a Solapad sleeve, there is theoretically no reason to ever plug the iPad into any wall-mounted charger again. Domark CEO Michael Franklin recently traveled to China in order to personally oversee the production of the Solapad and make arrangements for capitalizing on the products' surprising demand. The revolutionary new Solapad is expected to arrive in the hands of US consumers in less than 25 days. Solawerks has also previously announced their “Solacase” for all versions of the Apple iPhone. Similar to the Solapad, the Solacase contains a large, high-efficiency solar panel on its back, plus an additional internal battery to keep the iPhone charged at all times. Domark International closed at $3.16 on Monday.

Shares of Astrotech Corp.

, the Austin, TX commercial aerospace company, rose 20.11% Monday on 25 times the average daily volume. Astrotech Corporation announced Monday financial results for its fiscal year 2012 third quarter ended March 31, 2012. The Company posted a third quarter fiscal year 2012 net income of $1.0 million, or $0.05 per diluted share on revenue of $10.0 million compared with a third quarter fiscal year 2011 net loss of $0.4 million, or $(0.02) per diluted share on revenue of $5.7 million. We are excited to report the positive financial results of the third quarter, driven by our core satellite payload processing business," said Thomas B. Pickens III, Chairman and CEO of Astrotech Corporation. "ASO continued to meet our customer's needs for payload processing while completing over $5.6 million of work on multiple GSE fabrication contracts." Astrotech Corp. closed at $1.14 on Monday.