Grease, I like your Signal/Noise argument.
On Q2 expectation, I'm setting it quite low. To me this could be a transition quarter that's not too exciting.
FWIW, here are my low numbers:
Revenue: 7.93 - 8.48 million
Net income: 46 - 247K
EPS: $0.001 - $0.007
Culprit: special interest charges due to the payoff of the Hercules loan. Were I to be proven correct, everybody should get beyond the headline numbers.
After adjusting for the special interest charges (but still leaving share based comp. in place):
Net income: 327 - 529K
EPS: $0.009 - 0.014
So basically both would be $0.01 (ex. special interest charges). I included third decimal digits just to show difference.
Unlike Q1, however, operating cash flow should be good.
I would be very happy to find out I'm wrong and you are right, after the earnings release. Let's all hope that way. But let's also get ready for a ho-hum quarter.
Going beyond Q2, at some point we should begin to see BPI contribution. Hopefully things would get really exciting then.