U.S. NeuroSurgical Holdings Inc. (USNU)

[Rawnoc]

I had noticed that as well and was trying it figure out why the company is STILL saying, "The Company anticipates that these factors may result in significant operating losses for the next several quarters."

Aren't you concerned that Q2 may have had a backlog of patients that isn't sustainable since the annualized rate of revenue was substantially higher?

Prior to reopening the clinic, USNU was a no-growth company with a previous record of annual sales in 2010 of $2.56 million. USNU treated its first patient on April 29, 2014 which means USNU basically only had two months of operations and reported $737,000 in revenue. That's an annualized pace of $4.4 million compared to the $2.0 million rate it was doing before Hurricane Sandy.

As another example, during that record year in 2010, USNU reported revenue in Q2 of $548,000 for a full three months or around 50% less than the monthly revenue of Q2 2014. Perhaps the anticipated operating losses are expected to come from, in part, revenue going forward that won't be as high as Q2.

The most recent 10Q also warns, "It may take additional time to achieve and sustain the level of patient volume that the center was handling prior to the disruption." This is implying that the giant leap in monthly revenue during Q2 wasn't sustainable.

Maybe it's all boilerplate and USNU is on its way to fame and fortune, but I just don't feel comfortable. I originally got excited by the pick, hence my research, and I'll continue to watch it from the sidelines.