kikaro, most people do not expect Q2 breakeven, but will be profitable in the current quarter and beyond. Take a look at Dell's August Catalog. Almost all of the promotional laptops come with encryted HHD. At 7$ a pop, Wave will do very well without even counting upgrade. Dell is promoting the encrypted HHD in big way because they are way ahead of the competitors, and Wave will benefit from it. Forget about Toshiba, Fujitsu, Hitachi, etc., Wave will be profitable with just Dell. All other companies are bonuses.
In 3 months, a profitable company with double digit growth for under $1? Go ask any financial analyst, and he will tell you what to do.
In addition, investing is about the future, not the past. Looking at 3 months ahead and beyond, you will do well.