Great to see them finally officially rolling this out. It makes sense that they had to wait until they announced the good numbers in 3Q before putting this PR out, because now they are a solid company that is generating gobs of recurring cash flow so they should be around for years to come, to continue to manage the installations of this CrossLayer business.
This is yet another benefit of FTE acquiring Benchmark, in that it beefed up FTE's financials to the point where they could enter into businesses such as CrossLayer that were predicated on the customers being comfortable that the company is going to survive going forward.
I hope that going forward, FTE provides P&Ls broken out by each of their 3 businesses, so we can see how each one is growing. They each have very different gross margins I believe.
Looks like the big seller really wants to unload a lot of their position before 3Q gets announced. Not sure why they have this timing, but maybe they need/want the funds for another investment. Or maybe they are worried that once 3Q comes out the volume will dry up and they will have no one to sell to.
It will be interesting to see whether the company goes back to trying to provide some sort of future earnings guidance when they announce 3Q numbers. They have gotten away from that recently but I'm wondering whether they have gotten comfortable enough with their numbers after having owned Benchmark for > 6 months, that they will be able to at least provide some short-term guidance, such as what range of revenues they are expecting for 4Q.
