SCKT...It's frustrating to say the least. I certainly wouldn't recommend buying more here. It's like they are run by tweedle dee and tweedle dumb. From the sounds of the cc call, they did almost $0 in revenue in Japan because they have one distributor who ended up with liquidity problems. Everywhere else in the world they use Ingram and Scansource as their main distributors, but in Japan it's just the one.
I have an e-mail into the CFO on the breakdown of international vs domestic. I think international killed them. I don't understand how the Somos were so horrible. It's obviously dying technology. I want to see how their numbers for scanners and Somos for N.A. compare to what I saw. I will know better tomorrow.
Would I sell here?? It depends on if you believe they will get Fujitsu to close on the Japanese contract. That's $6M right there. The UK retailer that he said would be in 2014 is $500K. I'm sure there are others. The question is can they close the frickin' contracts and get the large deployments?? If you think they can then it's worth holding. If they can't, then it's best to cash out and move on. Are they competent enough to make it work? Obviously they are frustrated that ShopKeep, Square, NCR, Vend, Shopify----all potentially big players in the POS market---aren't deploying as many systems as was projected. Is this tablet POS systems going to explode in growth? I don't know anymore.
