R59...EDAC...Gross profit margins were up again. That's a real positive. It'll be nice if they can start to break 20%.
However, for whatever reason (we'll have to see why) General & Administrative costs were up $210K from 4th Q. You're right in that the non-reoccuring expense was for 2006 not 2007. Perhaps bonuses were the reason when they did the contract extensions for management here recently.
Overall, the earnings went from 14 cents/share in 4th Q (at 24.5% tax rate) to 16 cents/share in 1rst Q (at 37% tax rate).
If they can continue that growth we'll be over $10 soon.
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