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Re: spec machine post# 105412

Monday, 11/04/2013 10:14:25 AM

Monday, November 04, 2013 10:14:25 AM

Post# of 107353
Q3 Revenue & EPS expectations anyone??

I'm expecting revenues to be >= $11 million and EPS of $0.06.

All the majors in the subsea industry that have released earnings for Q3 have reported revenue growth from 17%-20% over the same period in 2012. My revenue expectation represents a 17% increase.

I set EPS based on net income of 8%. I'd expect higher operating expenses considering the additional warehouse space and increase in production capacity that will require funding. Add on top of that $294k the company had to pay as a finder's fee for the PP.