Liquidmetal Technologies Inc (LQMT)

[vyper4]

OK breaking down MTRN 2014 Outlook.

2012 EPS = 1.19
2013 EPS = .94
2014 EPS = 1.75 - 1.95

2013 to 2014 .94(2014 EPS) + .30(facility and product rationalization initiatives) = 1.24 to get to 1.75 - 1.95 MTRN would need to add between $10.5 and $14.6 Mil. from the beryllium pebble plant and new product pipeline.

Assuming 2012 number are more realistic then they would need to add between $5.4 and $9.5 Mil.

If someone is on the call tomorrow ask what the new product pipeline is, if it is BMG this "could" be huge

As a side note I do not think the numbers are big enough for MTRN to be supplying BMG to AAPL.

"OUTLOOK

Entering 2014, business levels are up by approximately 10% compared to the beginning of 2013. While order entry is stronger coming into the year, earnings for the first quarter of 2014 will be negatively impacted by approximately $0.10 per share due to weather-related facility shutdowns and production curtailments.

The facility and product rationalization initiatives taken during 2013 are expected to provide up to a $0.30 per share benefit in 2014. The full impact on earnings from these initiatives is expected to be visible by the second quarter. The new beryllium pebble plant, which endured significant start-up and ramp-up issues throughout the prior year, continues to ramp-up at a sufficient pace to support anticipated increased business levels in 2014. These factors, plus the benefits from our new product pipeline, should result in a sequentially stronger second quarter in 2014 when compared to the first quarter and a stronger second half. Therefore, earnings for the full-year 2014 are expected to be well above 2013 and in the range of $1.75 to $1.95 per share, consistent with previous guidance.
"