China Growth Stocks

[rru2s]

LPH: Using diluted sharecount, TTM-GAAP EPS = $0.51 = $0.10 + $0.25 + $0.04 + $0.12

Technically, non-GAAP numbers are a better way to evaluate the business's profitability and growth for the long term investor, since the non-cash adjustments due to change in fair value of outstanding warrants do not affect the company's cash flow or operations whatsoever. (Although when warrants get cashed in that does add $2.255/warrant to cash on hand.) However, as we pointed out many times, the stock screening software used by many of the major services do present fully diluted sharecount as if all warrants are converted.

At yesterday's closing price of $2.59, that's a TTM P/E = 5.1.

Prior to 10Q, old TTM EPS = $0.24 = -$0.15 + $0.10 + $0.25 + $0.04
Using yesterday's closing price of $2.59, the old TTM P/E = 10.8

So with this earnings release, TTM GAAP EPS increased 112 percent,
and TTM GAAP P/E just DECREASED 53 percent (from 10.8 to 5.1)