Labwire Inc (LBWR)

[rocketeer357]

While I welcome the news of the these contracts, the PR was sparse on numbers. Some companies are eager and pleased to give estimates of the amount of $$ a new contract will bring in to the company's coffers. In this case, more important than the revenue added to the bottom line for these two contracts is the amount of money they'll add to earnings. Contracts are nice but if you're not making much $$ as you fulfill your end of the bargain, they mean only one thing: you're the lowest bidder.
If you recall the latest 10q, revenue was indeed up but margins had slipped. I can understand bidding low to get a foot in the door; Maybe that's Dexter's plan to land the big fish (or Greyhound in this case).
Let's hope so because at some point, Dexter needs to bank contracts that take advantage of the company's low overhead and significantly boost earnings.