Remember seasonality: AYSI's fiscal Q1 is typically weaker,
because pretty much no business gets done the last two weeks of the calendar year.
That's one possibility. A more bullish explanation would be that the production issues with the second mill were fixed, which enabled the company to increase production to meet demand. Remember, the company has said that demand hasn't been the limiting factor, production capacity has been.
Taking into account seasonality, I don't think we need a 10 cent+ Q1 to reinforce the potential of a ~40 cent+ fiscal year -- earnings in the high single digits might do that too. But generally, I think you're right that another quarter or two in the ballpark of the last one would lift the share price. Bear in mind though that the production capability we're talking about here is just from the company's first two mills, and the production capacity the company is planning to build in Indonesia is several times larger.
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