Replies to post #7850 on Electronic Game Card, Inc (fka EGMIQ)

[GWMAN]

If they do 3 cents in Q3 we will need 5 cents in Q4 to hit the 2009 guidance.

If I have this right, using your 70 million OS figure meains earnings for Q3 will be about $2.1 million. This means approximately 52.5% of the revenue would have made it to the bottom line.

If we meet the $5.8 million revenue for Q4 and accomplish the same percentage going to the bottom line, that would give us net earnings of $3.05 million and a EPS of 0.0435.

I hope between your rough numbers and my rounding we find what we need to get our full 0.08 earnings for Q3 and Q4 combined.

[Chance To See]

casino, you say


“The increased revenues are attributed to increased distribution partners mostly in Europe.”

“Further sequential revenue/net income gains are expected in Q4 2009 as the iQuiz card rollout commences.”

1. Are you saying that the Quiz Cards did not ship in Q3?
2. And you’re expecting an additional $1 million in revenues qtr over qtr from the promotion business alone?
3. This in spite of Lee’s statement in the cc in response to your excellent question that the ramp needed in Q3 and Q4 to meet guidance would come from the Quiz Cards?

TIA for any clarification.