Gorilla, not sure why you have that 90 cents in mind but look at this here it's from the last CC.
On July 16, we issued a statement projecting full year 2009 revenues of $23 to $25 million, and net
income in the range of $5.3 million to $6 million. These projections represent increases of roughly 10% to
20% over last year’s figures.
So we are talking about 97 cents worst case and 1.10 best case but most of the people think it will be 1.10 at least because the company has a history of guiding extremely conservative till now.
Hi Trader...
These are the numbers I'm working from...
At the last CC I've got them guiding for $23 million revenue. So that's $15 million ish for the last 2 quarters. I'm taking a 25% net margin (they did 25% in Q2 but that might be a bit aggressive). So, that's about $3.2 million net and about 60 cents for the second half of the year or 90 cents for the year.
If there was a more uncomfortable 10 minutes as the company got probed about their low guidance I would like to hear it. I was however thinking do their products end up being exported and sold? In which case if this XMAS is going to be muted then perhaps they won't beat 2008? If they are for domestic consumption it looks like sandbagging.
I didn't catch $1.10 gudiance but am very happy to up my estimates :-)
rich
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