Saleen Automotive, Inc. (fka SLNN)

[FredVestor]

Really? The EPS will go up simply because revenue will go up? That's not really how it works.

Let's make a back of the envelop model here. I'm talking about a best case scenario. I'm talking miracles here.

Lets work with these numbers:


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Let's say Saleen managed to triple last year's revenue during the same quarter, wow!:

$5,490,000 in revenue

Now let's say they managed to have an incredible 22% gross margin (compared to a negative gross margin last quarter):

$1,208,000 in gross profit (wow completely unheard of for Saleen)

Now let's say SLNN managed an incredible 20% decrease in R&D and SG&A vs last year's same quarter:

$2,236,000 in operating expenses

($1,028,00) in operating loss

As for interest expenses, no miracle can be done, they will inevitably go up, but since we are talking about best case scenario, let's say they will go up 2% last quarter:

($770,000) interest expenses

($1,798,000) Total loss for the quarter or ($0.01) per share (as per last float, I don't how much it was diluted)

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There you have it. Even under the best case scenario, even if by some miracle they managed to sell for $5.5 million, Saleen will still lose $1.8 million next quarter.

But that's alright they will just use their cash on hand ohhh but wait, they don't have any.......

Please, please anyone try to make these numbers look better. I welcome any different model.

note: again these are not my predictions, they are based on what I believe anyone would agree would be the best case scenario for Saleen during the last quarter.