Saleen Automotive, Inc. (fka SLNN)

[FredVestor]

If I understand correctly, most agree that the model below for the last quarter is on the low side? To be clear. Saleen selling more in the last quarter than the last 4 combined is on the low side of expectations?

If this is truly SLNN's shareholders' expectations, then SLNN's PPS is in for an even tougher ride, because low expectations are always priced in the PPS and this is in no way possible to achieve.

I mean good lord, we are talking about 100 to 120 cars here. This is more than Saleen sold in the last 12 months. They would have done that in just 3 months with only $95k in the bank while at some point in the last 12 months they had $1.5 million in the bank and couldn't come close to selling that.

If this is truly on the low side of anyone expectation, some people will be very disappointed next month.

Again, I'd like for anyone else to do a similar quick model.

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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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