I was interested in how he said some of the military deal was already showing up in the backlog and what that meant in terms of inevitability of a large contract. Is it done and we are just waiting on disclosure?
I was also interested in this jump in margins that allowed for the good EPS on the underwhelming sales. Is that something we can expect to continue.
Previously, he promised that they would start breaking out the STEP figures in revenue/backlog. When's that going to happen? And since it hasn't happened yet is it safe to assume that this 100% retention he's crowing about it based on like 5 sims or something?
He was also weirdly proud about the statement on how he thought the company could continue to achieve double digit growth. Just barely achieving double digit growth really isn't very good.
Finally his direct addressing of headcount/second shift was interesting. Maybe he does read everything here and on twitter where I was harping about that line of questioning to figure out what was going on with potential big contracts.
Overall I do not thing the quarter/call were that bad. Thanks to the EPS they were maybe a 4 out of 10. We'll trade lower for fast money guys dumping to move elsewhere but I would be surprised if we got too far under 5.