rock... using YTD for YOY calcs? My mistake then... I was using 4-quarter trailing averages... 17M for 4 quarters ending 9/30/04 vs. estimated 73M for 4 quarters ending 9/30/04... for 430%... Using YTD seem illogical to me (and relatively meaningless for 1Q and 2Q), but I'm no expert, so I'll take your word for it.
I wasn't arguing with showmebill, btw, I was pretty much agreeing with him. Bottom line is that I doubt that many people expect even 300% YoY to be sustainable (no matter which way we calculate it) without some major news regarding engineering, sales, or acquisitions...
On the engineering side, Strat commercialization would grow revenues (but we don't expect that in the next couple quarters, right?).
On the sales side, I'd love to hear news about plans for multiple commercial installations of ground-based WiMax (vs. more LOIs and "tests") to grow both revenue and infrastructure in preparation for Strat... but while I'd love to hear this kinda news, I doubt we'll see anything concrete in the next couple months.
On the acquisition side, who knows? If future revenue growth comes through acquisitions, though, then it has to come in a way that helps our margin outlook (or, IMO, we could find ourselves with a cashflow problem)... I'm not looking for quick-fix to margin situation. Long-term margin outlook improvements would be adequate if it's fairly evident how mgmt expects the synergy of the hypothetical acquisition to mesh with existing operations to achieve that improvement.
Thanks for straightening me out on how YoY is calculated.
~rdw~
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