Replies to post #22902 on Savvy Trades and Investments

[SSKILLZ1]

EVOL

I agree on the trough being q2. I expect about .09-.11 so about in line with what you expect. I believe it is worth the wait as I expect better days are ahead for evol in my opinion.

[OBrien]

EVOL- Q1 came in at 6.5Mil top line with increasing backlog.. Dont you think theres a strong possibility of Q2 coming in a bit stronger than 5.5-6 Mil?

Bookings and Backlog Highlights

Total bookings increased 7% year over year to $6.9 million in the first quarter from $6.5 million in the same quarter last year. License and services bookings in the first quarter increased 11% year over year to $4.7 million from $4.3 million. Mobile Marketing Solutions (MMS) license and services bookings increased 70% to $2.9 million from $1.7 million. Customer support bookings in the first quarter were essentially flat at $2.2 million. Bookings are defined as sales orders expected to be recognized as revenue during the following 12 months.

Total backlog at the end of the first quarter increased 21% year over year to $12.6 million from $10.4 million. License and services backlog increased 27% year over year to $7.0 million from $5.5 million and also increased by 15% sequentially from $6.1 million the fourth quarter of 2015. License and services backlog included $5.3 million in MMS, up 48% year over year, and $1.7 million in Tertio® Service Activation (TSA).

[OBrien]

EVOL It looks like you expecting .08-.10 EPS for Q2? I think there is a real possibility of a bit better bottom line than this.
In Q4 they had a $500K restructuring charge then in Q1 they had an additional $900K restructuring charge. In the Q1 CC they stated they expected a $3.5Mil annual cost saving resulting from these 2 charges. Not sure how much of that we will see in Q2 but think we could get a nice surprise tomorrow IMO