wow.. results are worst than I thought.. see ya at .02. unbelievable.

can't wait to hear all the excuses for weak earnings. should be interesting. Remember from our resident business PHD its not about revenue growth. its all about the bottom-line. but, sooner or later the diminishing revenue will contribute to diminishing bottom-line.

restating.. expecting a disappointing $4.7mil..revenue report.

IMO, this will be sub-.05 by Friday. CEO will provide no guidance or excitement for future. he is setting this up for a low buyout. he will still pocket millions.

Interesting there’s been no income projections.. can only assume the expectations are dismal... but hey good to know there’s the Covid excuse this time around.

so, no poll for earning projections this time? Regardless, I say it will be a disappointing $4.7mil..

I would wait until after the $4 mil earnings report at end of month.. this will be in the .03 range.

Funny, remember the old “I wouldn’t want to be out of this over a holiday weekend” routine?

IMO his credentials and experience are not that impressive. Can he do the job, sure.. but nothing below says this is home run regarding attracting a heavy hitter.


Mr. Bregman has a Bachelor's degree in Accounting from William Paterson College and a Master of Science in Business degree from the Martin Tuchman School of Management at the New Jersey Institute of Technology. He is a Certified Public Accountant (CPA).


Mr. Bregman has more than 27 years of financial and operational experience, including positions as Controller at Langan Engineering & Environmental Services and Controller at Chemtrade Logistics. He held corporate financial positions at Chemetall and National Starch & Chemical Company and was a supervisor and senior auditor at Ernst & Young. Mr. Bregman brings experience in financial accounting, financial planning & analysis, governance & compliance, financial auditing, Sarbanes-Oxley Act (SOX) compliance, and cost accounting.

sorry might be missing something.. what's good about it?

“Somehow it all just “feels” bad in a conflict of interest sort of way. That notwithstanding, there is nothing that explicitly prohibits or proscribes any agreements between Mikah and Elite. “


Wow, that’s a first.. at least you’ve come around to recognize the appearance of the ceos public/private dealings.. IMO it’s more than an appearances..it’s a smoke and fire situation. I would bet big that these dealings are what impacted Carter’s departure. Like rats on a sinking ship..

this is a classic take down.. there is a bit of a prop up to show some support.. then the bottom is pulled via some volume. this will be in the .04 range very soon.

good work!

IMO will see the start of the .04 range today.

IMO, I can imagine the CEO peaks in on this board and just laughs with arrogance

yes, ready for big drop.

yes, it continues... just amazing.

I see the departure of the CFO is a bad sign. Why on earth would an exec leave if the company was truly on the verge of something/anything meaningful. Face it this is bad news.

IMO the CFO had grown a discomfort with the unethical dealings with the CEO private company.

agree.. IMO, this is going to tank.

just a take or leave it suggestion. I wouldn't put much faith here. just do a quick look at the history of the projections. not much to hang a hat on.

ouch..

right.. how did the below revenue projection for last Q work out for you?

pentacle: 11,000,000

Agreed and predict we will see another drop this quarter. But it seems some are ok with that based on year over year comparisons and being slightly profitable. The continued drop is revenue along with no forward guidance from the company. IMO, All this coupled with the private company relationship is why the stock is sinking. The brush off and cherry picking of CC questions is more evidence as to where this is heading.

whole heartily agree.. the CEO working both companies is ridiculous and does not pass the smell test. IMO

Good move..,thanks for letting us know

Add in trust to the mix.. IMO the CEO of ELTP has some trust issues. no matter what others say, the arrangement he has established between his public and private companies does not past the smell test. this is not normal and sorry anyone that claims its ok is a bit blinded.

This coupled with no concrete forward looking projections. I understand it is unreasonable to some degree to expect specifics. However, IMO the CEO provides no degree of confidence with regards to expectations. I understand the year over year improvements. But at some point the declining revenue will need to be addressed. the year/year comparison will expire some what soon.

Well I guess I missed this projection... .05s are today, not by Friday.

expected this.. so yea its all good, with the exception of declining revenue over the previous two quarters.. assuming that trend continues, that's a problem and simply ignoring it while convenient for some, but certainly not wise. Ignoring that fact is like saying.. look the boat is floating better than ever, regardless of that leak that continues to grow.

curious who won?

.06? this is going to .05

will be interesting to hear what some say here that claim declining revenue doesn't matter.

the market knows and is saying the Q will be nothing.. if it was anything positive and/or stellar it would be moving up today into the close. like clock work the excuses will be flowing tomorrow. remember the CEO saying.. "all stocks are down this should not be surprise"

back to .05s by friday.

here it comes.. like clock work.

watch the bottom fall out this afternoon. market will begin to speak and IMO it won't be good.

How about question of closing SP on Friday Feb. 19th? I say it will be .05

curious, can you point to the specifics of how this is nonsense. Seems fairly factual, straight forward point to me.. doesn't have to be about ELTP, but hard to argue about cost cutting, declining revenue, profitability. it can be all part of an simple equation. I can have declining income and sure continue to be in the black through continued cost cutting. however, at some point the cost cutting hits a line, i.e., electric bill. profitability doesn't always point to a company's sustainable health.

$6,800,000

this pattern is getting so predictable its silly. all the great projections leading into Q reporting. then the balloon pops.

sorry, but don't be surprised if revenue is not above $7M, it will be down from last Q... mark this.