Jammin Java Corp (JAMN)

[Brophtron]

Wow; my estimates were really close! I had predicted $2.2 million for the revenue; it was more like $2.5 million. Is that technically growth? Yes, but the historical growth is over. And $3 million net loss is exactly what I said it would be. I'll have to re-check the math, but my estimate for a $14 million quarter to break even is still what they'd need.

I'm surprised by the fact that they have $500K in cash, but then I read further - $1.9 in accounts receivable, which means that their customers aren't paying them on time; this would happen with newer accounts as existing accounts would be re-orders. And then I noticed accounts payable of $1.5 million. Well, that's why they still have cash; they've let their payables build again.

They sold $300K more than they did the same quarter a year ago, but they made $60K less doing it.

Like I said; they're not going to make $10 million for the year for revenues (it's a pity we have to wait 4.5 months for those results).

But overall, about what I expected.