Tuesday, October 21, 2014 7:36:21 PM
I would expect no less than 15 million this quarter and you should expect the same.
they stated after Q2 that they had 10 million in backlog
previously they stated they are doing 1 million a month for commercial.
they stated they are also about 1 million a month for residential.
im not sure if the winery counts as the commercial, but i do know this adds up to:
16 million........
if the winery was added and we only see about half the rev, then add another 4.5 million on to that for:
20.5 million in revenue for the 3rd quarter.
these were my thoughts on financials a couple of months ago when they announced the winery job.
i fully expect to see an almost 200% increase in revenue from last quarter, unless they were lying about the ten million in backlog.
i also think our net or profit from that revenue will be between
600-800 thousand dollars.
and if there residential has taken off significantly in Q3 then we can expect a higher profit margin of say 15% instead of around 10%.
that could give us a net profit of around 800 thousand - 1 million in the Q3.
this would also allow sunwork's management to reach there first incentive goal of 1 million in net profit.
if this were the case we should then also see a PPS in the coming weeks after earning between .6-.8
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