This is all from memory and I am not looking any of it up right now to verify so everyone should do so rather than take my word for it.
The guidance given following the 4th q was along the lines of we don't expect to match last years revenue growth of close to 100% but certainly 25 to 30 is doable.
That was prior to the release of 5 new products in the 1st q which blew away expectations and I think they raised first q guidance twice and then reported better numbers than the raised guidance.
64% of the 1st q revs were from the 5 new products plus they had growth from their older products as well. 1st q results were much better than they expected at the time they gave guidance following the 4th q.
The guidance they gave following the 1st q was that they expected the 2nd and 3rd q's to be record q's.
I don't expect the 5 new products to make up 64% of revs in the coming q's like they did in the 1st q(because no more promotions) but I do expect them to add to revenues significantly and I expect to see growth in their older products as well. I do believe the margins are going to be much better in the 2nd q(no promotional pricing) and I believe revenue growth is going to far exceed the 30% mentioned after the 4th q.
I also think that the higher their revs are the higher the margin will be.
I simply believe the 30% growth guidance was a major understatement and I believe margins are going to be higher.
But even if I am wrong and the growth in revs and profits is eroded by taxes making it a wash, I expect to see large increases in shareholder equity with each quarter released and an expansion of the p/e ratio.
When they made the 30% growth guidance annc I doubt very seriously they expected to see over 300% revenue growth in the 1st q but I could always be wrong.