"....We’ve recently announced a multitude of new client wins. However, in the interest of remaining brief, I won’t go into detail on this call. Our OEM and enterprise pipeline is stronger than ever. From laptop and server makers to Fortune 500 companies, we continue to rapidly expand our client base across segments, and our OEM clients continue to ramp, becoming an increasingly large percentage of our business.
Additionally, we continue to bill direct to the enterprise sales force, who enable our products with our enterprise clients by going into enterprise accounts alongside our OEM partners to ensure that we not only win the business, but that our end customers are satisfied with the result." --------------------
"....For our shares outstanding, with the SANRAD acquisition we now have approximately 54 million shares outstanding and 10 million shares subject to warrants and options. Weighted basic shares are estimated to be 53 million in Q4 and weighted diluted shares are estimated to be approximately 56.5 million at the current price levels.
Turning to guidance, we are starting some quarterly revenue and gross margin guidance. We expect that our fourth quarter ended February 29 to be in the range of $105 million to $120 million, and revenue for our fiscal year ending Feb 29 to be in the range of $360 million to $375 million. GAAP gross margins are expected to be between 23.5% and 25.5% in the fourth quarter.
For expenses, the SANRAD acquisition is expected to add approximately $700,000 of cost per quarter and as Ryan described, there are multiple revenue opportunities. We expect this deal to be accretive in the last half of fiscal 2013...."
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.