Common sense. 3 shifts running at $22 per tape and only takes 1 employee per shift. The gross profit margins are through the roof. They had a major expansion on the tape reading business over the summer.
Plenty has changed since 2008. Dig deeper. Hell, they had more tape reading revenue in two days in 2009 at the tale end of June than they had in all of 2008 so it's silly to use 2008 as any kind of a measure of anything.
Tape Business 2009
2009 NET SALES 181,540 COST OF SALES 62,046
Gross Profit 119,494
rather disappointed in the 2009 tape revs stated in the 10k/a...thought the tape revs were going to pay for the p2o roll out?
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