Hweb2....SCKT....LD Micro Conf presentation
I checked out the slides and listened in. It sounded good. The CEO was a bit nervous (I heard that the room was packed with 50+ people and standing room only in the rear) so that probably added to it. Some highlights:
----The chart showing revenue increasing, net income increasing and expenses staying completely flat. I like where Kevin, as an after thought, pointed out that expenses will stay low as revenue continues to go up. This is important and I'm glad to see him highlighting it.
----He did a good job of talking about cloud/POS systems for retail, but also highlighting that this is just a portion of what's to come. POS gets the most attention because it's the forerunner now but in time there are other strong areas of growth for their scanners.
He didn't update 4th Q like I thought they were going to. He did say "55K scanners for the year". From what I know about what they sold in exact units/qtr, that puts 4th Q at numbers between 2Q and 3Q for scanner units. It's my assumption right now that they will come in at around $4.4M or $4.5M for the quarter overall (3-4 cents/share) and scanners of 55K/year would be about right for that. The POS industry will start to ramp up in January again (last year it started strong right out of the gate. I tracked approx $400K in scanners in Dec 2013 and Jan 2014 jumped to $620K.
Hopefully the presentation was well received and gets some more eyes tracking this company in 2015 when revenue boosts up again and stays there.
