ESP fiscal Q1 revenues a little light. But the bottom line very solid and bookings were strong. Revenues should average at least $10.3M for the remaining 3 quarters of the fiscal year...if their guidance is accurate...would be a nice bump up from Q1 levels.
From the 10Q-
New orders received in the first three months of fiscal year 2024 were $12.1 million as compared to $13.1 million new orders received in the first three months of fiscal year 2023. It is presently anticipated that a minimum of $30.9 million of orders comprising the September 30, 2023 backlog will be filled during the fiscal year ending June 30, 2024 subject, however, to the impact of the factors identified above. The minimum of $30.9 million does not include any shipments, which may be made against orders subsequently received during the fiscal year ending June 30, 2024.
