Although I can not say how I know this, or why it might be the case or even if it is important, I was told by someone who ought to know (this morning) that LSCP will probably not report Q4 and FY 2004 earnings until early March.
1. Q1 FY 2005 will end on March 31, and sales for 2004 will probably not reach $100,000,000. In other words, they are still pretty small. Management ought to also have Q1 pretty well pinned down by early March.
2. LSCP has already guided to a huge deceleration in earnings for 2005.
3. LSCP, like all US companies, will start expensing stock options on July 1 (unless the administration and congress unexpectedly intervene). And LSCP has been using options for management heavily.
Delaying the earnings report by about a month for Q4 and FY 2004 may not mean anything negative, but somehow, I really doubt that. Management has indicated repeatedly that Q4 would be, by far, the strongest of 2004.
Anyone have any interesting ideas or histories of small, fast growing companies reporting earnings late?
Ken Wilson
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