Yes,
Management is very strong IMO. I believe your profit percentages were calculated too high as a result on not taking into account the excess (dubbed obsolete) inventory that the Company wrote off in a previous year. They have almost worked through this entire inventory amount and will be going forward with margins in the mid to high 40% for Nighthunter products.
From SEC filing:
The gross profit percentage was positively impacted in the quarter due to the sale of NightHunterII product from inventory that was identified as excess inventory in fiscal year 2005, as opposed to the prior period of NightHunterII product which were not identified as obsolete. NightHunterII sold during the six months ended March 31, 2007, included products which were marked down in the year ended September 30, 2005 with a value of $998,000.
