jonesie, good observation on the differences in the guidance. I'd point out one more. In the first estimate, the numbers were assumed to be AS IF they had owned the newly acquired company for the full year:
"Guidance for the Year Ending December 31, 2006
The following projections are on a consolidated, pro-forma basis and include the acquisition of Zhuo Tong, which is expected to close in the second quarter of 2006. In order to present an accurate picture of revenue and profit trends, the results stated for 2006 consist of sales and profit from Zhuo Tong, as if China Digital had owned the subsidiary for the entire year. For fiscal year 2006, China Digital projects total revenues of $26.5 million and net income of $7.6 million, or $0.10 per fully diluted share.
Perhaps these new numbers are not pro-forma? Galaxy View may not close until late in Q2 or Q3 so it can't contribute a full year. Either way, its confusing to say the least.
Net is probably going up because the new acquisitions have better net margins than E'Jenie currently has.
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