This was a great quarter.
Rev was much greater than I expected, which I thought would be in the 675K range-BTW would have been a great % move up from Q1 and far better than Q2 of 05. Many folks can try and spin this how ever they see fit. People will drive the fact that this company has been around for 18 years, no revenue, lawsuits, mis management, blah blah blah, we could go on. And we won't. The past is the past and it's time to move on.
Wave is selling- we have revenues so we are selling- a product that the marketplace wants, and sees the need for. This is not some boutique item, or some product line that will be scrapped in 12 months so they can move on to the next market changing thing. Wave has had 5 quarters in a row of revenue growth. I've seen posts elsewhere that say this is a disappointment. 5 quarters of rev growth cannot be considered a disappointment, and should be considered a milestone when you look at the track record. Insignificant? I wish I was smoking stuff that mind altering when I was imbibing in my storied youth.
Wave has surpassed all of last years revs with this quarter. Wave is south of 40K of passing the combined revenues for all of 03,04,05. How is that insignificant? You can't have it both ways. The arguement that the company sucks, but the revs should have been better?? That dung won't fly anymore. How can 910K be insignificant. I see it as very significant. How? The way I see it is this revenue gives this company and it's long time shareholders some real tangible idea of where this thing is headed. The one thing I keep tossing around is this and has been since the numbers came out- and this was also something I have seen been blasted. Wave got the 910 in rev and we still did not get a breakdown of the who sold what to whom and so on. We have not seen DELL, Intel, Gateway, STM, ATmel etc, NOT ONE of these OEM's have released a PR explaining how much these new products have added to their bottom line, not one. Yet somehow the sales these compnaies have generated earned Wave 910K in rev. When the day comes where the sales warrant a release by these companies, or we move past the point that SKS feels he can release these numbers after the market get's established what will the rev numbers look like then? 910K without a publicly released PO with hard numbers attached. What happens when it starts selling itself?? Despite everything this turned out to be a great quarter.
Dave
