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MarkFF

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MarkFF

Re: None

Thursday, 06/16/2016 8:47:11 AM

Thursday, June 16, 2016 8:47:11 AM

Post# of 1555
Gross Margin dropped to 29.7% in Q4, compared to 50.9% for the first 3 qtrs. They shipped lower margin products during the qtr. There was 100K in asset impairment charges plus an additional 90K in SG&A in Q4. Yeah, this quarter was a disgrace. No wonder they were hiding it so long. I'm guessing they pushed revenue into Q1 of this year, and considering those results are due out in less than one month, I'm holding until then. I'll get a clearer picture of their growth after Q1 results.
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