JJ, I believe the contracts with these large companies have provisions in them that prevent the name of the other party from getting announced by FTE. In any event I don't see it as a major issue.
The key thing I'm looking to get from a full set of 4Q numbers is, what was their gross margin % up to for the quarter. When I take the bottom line net income figure they put out on 1/25 and try to work my way backwards, up the income statement, my current guess is that their GM % was above 40% for the quarter. If one assumes that that same GM % will hold for this year, applying that to this year's $52M in sales gets me to projected net income of about $.045 per share this year, which would be quite an impressive feat given how last year went. The big thing though is that to get to that figure I had to make a lot of guesses, most of which should be resolved once I see the full 4Q P&L.
Good luck with your plan to buy back in around $.40. I know that is the price at which this upcoming stock release was issued, but I also believe there is a good chance that the company will be putting out some big news that would create enough buying to soak up that stock supply. Also, if this big-time IR firm that they got recently is doing their job (and I presume they are), they have lined up many heavy hitters who are waiting in the wings to start buying as soon as the stock starts hitting the market.
If nothing else, the rest of the month should be pretty interesting for FTE fans!
