I'm expecting a weak earnings in the Q2 report from CSTI for the following reasons...
1. In the Q1 report they announced that a customer's remodeling program "catch up" is over and therefore this revenue will reduce going forward. This represented $3.3M in revenue in Q1.
2. They did an acquisition that closed in June. While this is a plus going forward, I expect some one-time charges in Q2.
Also, I have a feeling that the press release today may cause the share price to drift lower until the report comes out. A two to four week delay in report filing causes investors' minds to wander. There is a good chance we will repurchase CSTI in the future as we like the company. There is also a significant chance this sell rationale is wrong.
I do think the news today could be a precursor to SEC filing but they didn't say that in the PR.