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Tuesday, November 14, 2017 10:03:10 PM
http://public.viavid.com/player/index.php?id=126763
They talk about multiple things still for 4th Q----"meaningful backlog", military contract announcement before the end of the year, new Tier 1 moving orders to 4th Q from 1rst Q (this is AT&T) plus getting another 100 unit follow up order already from the 57, new product shipped to another Tier 1 (that'd be T-mobile), deals closing internationally in next few months.
There is back/forth conversation on if they did/did not say they will beat 4th Q 2016 numbers ($7.2M). I don't think they actually say it, but they do imply that it will be better than 3rd Q. This is also implied if you look at the 10Q just released----they are still saying they expect margins to rebound in the 40-45% in the 4th Q with returning higher revenue. Also, they mention the lack of discount they got from suppliers for less volume and how that will change back to normal in 4th Q with increased sales volume.
I'm not saying that management comes across sharp. They are new to this and it's obvious the CEO doesn't have the personality to really sell himself. It does sound like he is working hard. However, in the end, numbers are all that matters. Can they get this to $6M in 4th Q and show that they could do $40M in 2018 with a decent backlog on Dec 31rst and perhaps close some international deals after the new year? If so, I think 2018 could be a good year.
This is coming from someone (me) who actually took a loss in the stock earlier this year, but find the story still interesting. They IPO'd poorly with Verizon not being a guaranteed steady customer. However, besides that fiasco, they have done what they said they'd do----get in all the U.S. Tier 1 companies, get international market built up, redesign products for lower cost (and hopefully similar margins still), do R&D on 200kW generator, etc.
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