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Thursday, October 22, 2009 11:10:41 PM
in 2007 they did almost 5 million and still lost money.
in 2008 they did 2.3 mil and lost 940k.
In 1st qtr they did 500k and made 49,000.
So in a very unscientific way lets say that the difference from 2.3 to 5 accounted for 700k in net profit. 700k/2.7mil = about 25% net profit which is very high btw, but we will roll with it.
So at 25% net and sales of 20 million per year EXPH would earn
5 million per year. Multiply by 20 divide by the O/S and you get about .10.
So I say about 20 million on the aggressive side. If you adjust the margins to 15% it is about 32 million in sales.
Again hard to do without a little more info, but take it or leave. I also may or may not have had some impairing beverages tonight so somebody please check this math.
my posts are my opinion and should never be taken as investment advice.
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