The Company is in the process of finalizing its results for the second quarter of 2014. Based on information available to date, the Company preliminarily estimates that its net loss for the second quarter of 2014 will be between $600,000 and $650,000 (unaudited).
Sales will be between $6.3 million to $6.7 million (unaudited) for the second quarter of 2014, which would represent a sequential growth of 29% to 37% over the first quarter of 2014; and
In addition, based on the current expectations of management, the Company anticipates that EBITDA (earnings before interest, taxes, depreciation and amortization) will be positive for the second half of 2014. However, it is possible that the Company’s actual results for the second half of 2014 may differ materially from the Company’s expectations because of developments that may arise between now and the time its financial results are finalized for the 2014 fiscal year.
The data is VERY encouraging. The low volume/interest speaks loudly. Hardly anyone knows what's happening here.
Personally, I won't be unhappy if EFOI drops 20% - 40% so I can buy a lot more of it.
We'll see if anyone reads the info and cares.
I like EFOI and think it is ready to grow beyond the navy.
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