Friday, August 24, 2001 5:47:42 PM
We've been told that Q2 revenues were minimal due to the fact that shipment of the backlog didn't start until late in the quarter (early June is what we were told). Well, we can't use that excuse for this quarter.
Remember this:
"We have committed to the manufacture of 20,000 systems
over the next 90 to 120 days. This will allow us to fill our
backorders, along with new orders generated by SkyMall. "
http://www.seaview.com/050101.htm
The backlog should have been filled by now and we should be on our way with the next 20K mass production. Using the 55% gross profit calculations from our most recent quarter, can we assume that 20K secureviews selling at $200 each should yield somewhere in the neighborhood of $2 million in GROSS PROFIT? What will total revenues be? $4 - $5 million?
JMO,
Doug
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