Revenues are the key.
Mike, your expectations for revenue growth did not materialize this quarter. I'm not sure what happened exactly. The company advises that quarterly fluctuations are to be expected, but I wouldn't know how to predict performance here with any certainty at all. You gave it your best shot in your write-up above, yet the quarter disappointed. Not to mention that one of their larger competitors had a very good quarter, so not sure what's going on.
"...Unearned revenue has grown dramatically in recent quarters (Q1'09 = $228,950, Q4'08 = $100,518, Q3'08 = $49,471). Unearned revenue is primarily associated with their Custom Products and Services Division. The large increase in unearned revenue indicates that they likely will have a significant increase in revenue in the Custom Products and Services Division in fiscal Q2'09."
As it turns out, the Custom Products and Services Division had a decrease in revenue for Q2. Actually, scratch that, I just re-checked, and it was up 50% y/y, but down sequentially.
"...Estimated Q2 Earnings - I'm expecting fiscal Q2 earnings (ending in March) to be in the range of $0.012-$0.025 with a likely number of $0.020. I believe both Training Subscriptions Revenue and Custom Products and Services Revenue will grow sequentially."
Actually, both Training Subscriptions Revenue and Custom Products and Services Revenue declined sequentially.
AI
