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Re: Knowledge is King post# 102531

Thursday, 01/05/2023 9:22:31 PM

Thursday, January 05, 2023 9:22:31 PM

Post# of 129731
RELL - Here is what they took down in the transcript fwiw:

Unidentified Analyst

All right. And then I got 1 more, and it goes back to the press release and my favorite line here, "We believe sales and profits will continue to significantly increase in fiscal 2023." I'm just looking for a little clarity on that. Is that significantly increased quarter-over-quarter from the comparable quarter last year and what is significant?

Wendy Diddell

Yes. So I'll take that 1 first. So over prior year, yes, we believe we will see increases. And for us, I think we usually say in the 10% to 15% range increases, Q3 and Q4 are solid. And that's about as far as we're taking our forward-looking forecast right now, but it looks good.

I have seen lots of $1 stocks with strong earnings and solid balance sheets triple, quadruple and more, but I have yet to see one go below zero.

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