Friday, May 03, 2024 4:47:19 PM
I am somewhat concerned about the length of time it is taking for their customers to get approval for products currently in front of, or coming soon for the FDA"s nod. Like Djohn, I would have thought that production capacity would have ramped up more than it has....I mean this expansion program was started a couple of years ago and was meant to be designed for customers needing this addtional capacity.....so 2 years later, how much longer before these orders get the go ahead?
My math is not so good, but I think you have to get through $175 mil in revenue before you get to $400 mil....and based on their last CC, their revenue projections for the entire year were only confirmed in the $137 to $147 mil range. Now Nick is not one to over promise and under perform, so I give them the benefit of the doubt that they may even slightly beat the $147 mil number....which is great, but they need to really bump up their revenue projections for the coming year, if this stock price is going to head back into the teens?!!
Next year.....$175 to $200 mil??? Or am I dreaming?
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