RE:RE:RE:RE:Q4 Results Are Spectacular! The Future Looks Bright.Fair points Mofonomo.
You are right, Financial statements were audited by KPMG, they should be good and they probably are (hopefully), yet I still feel that a PR adressed to Shareholders should be error proof. I think we should all expect that.
To clarify my point on 4) Order backlog is usually defined as the unfilled value of sales ordrer received or sheculed for fullfillment in the next 6 months. Did they mention 12 months on the call? If so I missed that and please disregard my next point.
If not, it would imply that we are expecting $30 millions of sales by end of June. Industry experts agree that 2020 was a great year. Pundits expect 2021 to be even better. In Photon's space, there should be even more traction as Chip manufacturers will invest their production capabilities (and thus Photon's type of products). Q4 2020 was confirmed by management as a great quarter for the industry. So we should expect Q1 2021 to be higher than Q1 2020. If we review their guidance, Q1 2021 is at same level as Q1 2020 and the balance between orders filled in Q1 2021 and order backlog puts Q2 2021 at $13 millions (Q2 in 2020 was of $16 millions). 12 days left before end of Q1 2021 by the way.