(1) Q3 just below break-even going into the Q4 Xmas season (2) Q4 products being launched at a number of new huge retail chains in addition to the selling at Wal-mart, Sears, Target, Bed Bath & Beyond, all major drug store chains, etc. (3) New product (Heated Ice Scraper) is currently being launched, shipped, and sold in Q4. Two new ecoproducts expecting Q4 launch. 3 new houseware products being tested currently. (4) More cost-cuts under way in addition to 1/2 price oil & stronger dollar should lower costs substantially. (5) Major momentum of international sales. (6) Media/advertising rates have fallen off a cliff to a fraction of the Q3 costs, giving them a huge boost. (7) MyPlace Cozy (Q1 expected launch). MyPlace Floating Table, MyPlace Couch Potato, MyPlace Ultra coming as well all at 45%+ gross margins.
All of the above info taken from the Q3 conference call, Q3 PR, and Q3 10Q SEC filing:
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.