They had $22M backlog end of June. Add to it another ~$10M in announced deals in July. I would say half of that ( about ~15M for SLTD only). Plus ~$5M for Elite. Proforma will look a-we-some!
I anticipate at least $14M in quarterly revenue. I hope to see $16M+.
From the Sept. 8 shareholder update newsletter: "[W]e believe that we are on target to meet or exceed the guidance for $40 to 45 million as our full year revenues for 2015, independent of new acquisitions or large new commercial contracts to come."
Additionally, in that more recent video interview of JN, he stated they anticipate beating annual guidance.
Thus far, first-half revenue was only $16.6M (1Q:$5.66M, 2Q:$11M). That means SLTD needs to average $14.2M each quarter in the second half to hit $45M, or $16.7 each quarter to hit $50M on the year.
First quarter to second quarter was a 94% revenue increase. Accomplishing half as much increase (47%) for third quarter would get us to $16.17M.