I am not an accountant nor big in math, yet these are my feelings about earnings.
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Inventory up, R&D up, S&M down, net sales down as of Sept 30, 2013.
Mice & keyboards could represent the bulk of our sales area for end of 2013 and early 2014. MCZ stated they are not presently hedging against foreign currency changes, this could work against MCZ in 2014?
Looks like *$4.5 Mil into finished goods? {Not sure that is an accurate guess on my part}. Company vague on MOJO orders. I didn't expect anything else from company, as no one can foresee whats to transpire in this area. MCZ stated they have sufficient cash and possibilities to project enough to keep company through 2014 year.
My blunt take on coming year for MCZ . . . possibility for PIPE financing (?), partner and/or acquisitions possibilities, partner (may already have one?), and if all else fails we might act to cut costs in company expenses in-house.
MCZ might end up selling some of its lines to others for cash?
I have no certain notion of what MCZ stock price will be Friday . . . however . . . after hours it dropped. Yearly chart shows low around .40.
If it drops below after hour print tomorrow . . . I will holding and plan to conside morer MCZ stock price.
Best be hoping for holiday sales, to pull us through.
My take is IF MCZ played it right . . . they got a MOJO proto work done for say $2-400,000 via independents (and far east skills sourcing). MOJO is upgraded cell phone with software enhancements and attachments, in a new box. Not demeaning MOJO . . . just facing reality. MOJO is great device and can bring MCZ a whole new level of business activity from cost-constranted market user segment. We took the bet . . . lets see how it goes.
