Cross posted. I am kind of bitter about this one but stuff happens. Next quarter should be quite good.
SCND heres what happened
"Income before income taxes increased by $4,800 (7%) from $64,800 to $69,600, for the three month comparative periods ended March 31, 2008 and March 31, 2007. The small increase reflected (i) lower profits for the benchtop laboratory operations due to increased raw materials and research and development costs, and (ii) the loss incurred by the catalyst research instruments operations due to an inability to complete orders because of vendor-caused delays in delivery of a large order
Sounds like they will fill alot of that next Q based on this
"As of March 31, 2008, there was an order backlog of $1,275,000 for catalyst research instruments, of which approximately $1,035,000 is scheduled to be fulfilled in the fourth quarter. "
Inventories have also moved up significantly from 1.4 to 1.8 million presumably to support those sales.
Next quarter should be quite good based on that. Revs probably in the 2 million ballpark with better margins. I think I am still going to get my 50% gain but I'll have to wait 3 months which was not what I wanted.
Off the top of my head assuming they don't have some excuse about orders being delayed due to meteor showers, or a stampede of unicorns I am figuring something like
Revs 2,000,000
Gross 790,000
SGA 400,000
R&D 100,000
Pre-tax 290,000
Net 180,000
EPS .15
That should be safe anyway. Might be worth remembering for 3 months hence.
When posting on VMC boards all postings should have a symbol in the header and if foreign please post both US and Foreign symbols.
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