AI
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| Alias Born | 06/08/2009 |
Monday, August 30, 2010 10:21:16 AM
SOKF - I listened to the CC
If you look at the SG&A
Q1 1,898,374
Q2 2,001,385
Q3 3,107,666
Q4 3,251,243 (est)
FY 10,258,668
SG&A is very high in the last 2 quarters. think they said in Q3 there was a large one-time charge for opening beijing facility, think, $1.5M. So folks wanted to know what happened in Q4. There were a two or 3 questions that were asked on this topic. The translator didn't seem to be that proficient in finance. I don't think anyone would be shocked if there was another significant one time charge in Q4 - but that's guess work.
They did say that for the FY there were $2M in one time charges. So, I'm thinking that the PR really wasn't transparent to what they were up to.
If you ignore one times charges add that $2M back in then they made $12M for the year rather than the announce $10M... hmmm all confusing - they need to look at presentation of results to the analysts in a big way (one of the analysts said as much).
Anyway, I don't suppose the market much cares for the confusion. Don't blame it.
rich
If you look at the SG&A
Q1 1,898,374
Q2 2,001,385
Q3 3,107,666
Q4 3,251,243 (est)
FY 10,258,668
SG&A is very high in the last 2 quarters. think they said in Q3 there was a large one-time charge for opening beijing facility, think, $1.5M. So folks wanted to know what happened in Q4. There were a two or 3 questions that were asked on this topic. The translator didn't seem to be that proficient in finance. I don't think anyone would be shocked if there was another significant one time charge in Q4 - but that's guess work.
They did say that for the FY there were $2M in one time charges. So, I'm thinking that the PR really wasn't transparent to what they were up to.
If you ignore one times charges add that $2M back in then they made $12M for the year rather than the announce $10M... hmmm all confusing - they need to look at presentation of results to the analysts in a big way (one of the analysts said as much).
Anyway, I don't suppose the market much cares for the confusion. Don't blame it.
rich
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