I mostly agree. But that's not what I'm posting about. The extras have ALWAYS been there. The pricing is for NOW. Extras are for later. People who were expecting 40-45k a unit a couple of years ago were not adding in the extras. The price erosion is real and is therefore a real concern. It's the downside of being a small player unfortunately. But it also appears to be the reason why this quarter's numbers weren't near as good as what a number of investors where expecting when they multiplied 30+k by 300-400 units, and put a 50%GM on them. And maybe explains why no positive financial event has occurred yet.
I wish they would increase their revenue estimate of $40-43m because for 6 months they have reported $24.7m already. That leaves $15.3-18.3 for the last 6 months and there are only 4 months left. Not good.
As I continue to reflect on my failures here it seems that reliance on government agencies along with the 'buy only if you have to' mentality of those agencies, as well as fear of losing out to worse competitors due to pricing or stronger relationships all were things I underestimated. Their financial weakness just didn't allow for any wiggle room on those things.
I still think we'll be ok down the road but management sure could do some things to help out about now...sorry to sound like such a basher lately, frustrated like everybody else, but also don't like being told the numbers should be ignored.
April will be a big month for Virtual Reality. Check out my board for microcap VR opportunities.
