VIRC, Nelson- I meant just backlog, my mistake.
On the prelim #s- So to get backlog I basically subtracted out prelim revenues from shipments plus backlog. I don’t recall what that number was exactly but like $48ish mill or so was left over. Then I compared that to last year’s backlog of $58ish mill. So a fairly steep drop although it is in offseason so not necessarily a great predictor.
But then I would take that and compare it to order rates which came out in annual showing a meaningful decline from up 10ish% thru 9 months declining to 6% thru 12 months comparing YOY, so a substantial drop in orders comparing Q4 last year to Q4 this year. Only one quarter but a pretty meaningful drop in both backlog and order rates.
Sorry for the confusion. Still sounds cloudy but hopefully that makes more sense. Basically backlog was down substantially and order rates in Q4 were down substantially from previous year Q4. Still healthy numbers but not like last year.
All IMO only.
I don't mind stealing bread from the mouths of decadence... But I can't feed on the powerless when my cup's already overfilled.
-Temple of the Dog
