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ebase22

08/01/19 7:18 PM

#914 RE: southacresdave #913

Well I hope you’re right. Would love them to actually “beat” whatever the official expectation is for once.

Let’s be relatively conservative here: They do $9 million (only modestly more than q4), have margins of 0.31 again (assume between the line of credit cost and their normal tripping over themselves keeps margins similar to q1 despite more volume), and operating expenses stay at $2.3 mill (same as q1), then that translates into about 5 cents per share pre tax (they should have some deferred tax assets left).

So even this relatively conservative estimate puts then at $9 mill top line and $0.05 per share bottom, both would be reported as a beat.

What I’m hoping for is they break through $10 million top, get their margins to .32 anyway and keep their operating costs in control. In that case it’s almost 9 cents a share and this thing totally takes off. (But I’m not betting on this).

Expectations are so low right now, all they need is a quarter or two of actually delivering.