Signature Eyewear, Inc. (SEYE)

[MMStockPlay]

Just a brief summary since I still think the market cap is off....

For Fiscal 2011, before they went dark:
Net Sales: 4.5M in 3 Months (Tracking for 18.0M for F'11)
Cost of Sales: 1.7M in 3 Months (Tracking for 6.8M for F'11)
Gross Profit: 2.8M in 3 Months (Tracking for 11.2M for F'll)
Cash on Hand: 400K
Inv on Hand: 3.7M
Total Assets: 10.3M

Total Liabilities: 8.2M

Shares Outstanding: 6.9M

Gross Marging: 67%

Curious to know how the business is growing...Summary of Operations below.

I still think it's undervalued at these levels...

We generate revenues through the sale of prescription eyeglass frames and sunwear under licensed brand names, including bebe,
Carmen Marc Valvo, Cutter & Buck, Dakota Smith, Hart Schaffner Marx, Laura Ashley, Michael Stars and Nicole Miller, and under our proprietary Signature brands. We also sell footwear under our proprietary Rough Justice brand and through private label sales. Our cost of sales consists primarily of purchases from foreign contract manufacturers that produce eyewear frames and footwear to our specifications.

Website here