SCKT....1rst Q estimates
This company is finally going to get their act together here. 1rst Q estimates in my opinion are there won't be any $2.8M ugly surprises happening. From the scanner numbers I track through N.A. distributors, Jan and Feb were stronger than November, March was stronger than December. They did $1.5M in scanner sales in 4th Q. Using the same ratio estimate of domestic vs international sales and applying it to the numbers I've seen happen, it puts it at $1.9M in sales. However, this does not include 2 large orders. The first one was the Japanese trial order of 3200 scanners which I figure is worth $600K. I also have heard there was a smaller order they worked on for several weeks (no real details known). I assume it's around $150K. That puts total scanner sales at $2.65M at minimum. There may be upside to this, but I'm quite confident there is no downside.
I assume OEM/Service will be $300K like it is every quarter.
Somo---The CFO commented to me awhile back that this side of the company was starting to rebound nicely. I started tracking it the best I can. There is no doubt it will exceed 1200 units/$900K that was recorded in 4th Q. I know this because I can account for almost 950 units through N.A. distributors in 1rst Q alone. I obviously don't see the whole pie of what happens in the U.S. I've heard through others that Somo sales in the U.K, Japan, and Germany have been strong this quarter. I'm quite comfortable putting Somo sales at 2000 for the quarter at minimum. With accessories, scanner attachments, and extended warranties added in, I put Somos at $1.3M for sure with upside potential.
That makes it $2.65M + $300K + $1.3M = $4.25M for sure with upside potential. The CFO told me they need $4.3M to be net income positive. What this means is that with all the problems this company has, they will be net income positive as scanner sales finally start to explode in growth and Somos rebound. 2nd Q numbers should start to rock as the company has stated they expect record scanner sales going forward each qtr.
Dave
