InvestorsHub Logo
Followers 0
Posts 133
Boards Moderated 0
Alias Born 03/30/2015

Re: StocksAnonymous post# 75168

Wednesday, 04/29/2015 2:23:19 PM

Wednesday, April 29, 2015 2:23:19 PM

Post# of 80868
Here is what Brad said last time when the call took place half way through the quarter so you would think he would be speaking with so accuracy with 6 weeks worth of sales already in the bank.

Either Brad is a liar or inept or both. To trust any comment from him today would be an example of Einstein's definition of insanity.



Jack D. Wallace - Sidoti & Company, LLC
So I guess looking at the guidance that’s implied for the fourth quarter revenue somewhere between $40 million to $50 million. If you assume the high end of that in the 33% gross margin, which is the guidance that’s in the beginning of the year, you come up with operating expenses of $16.5 million, is that a good place to think of operating expenses in the fourth quarter.

Brad J. Pyatt - President and Chief Executive Officer
I think that’s right in the ballpark, absolutely.





Actual Q4 rev? $32m

Actucal Gross Margins? 23%

Actual Q4 expenses $19m

Fact! That is some big ball park when his guidance is off by a negative 40% even though he had half the quarter worth of returns already in.

Actual loss of -$16m in Q4.