GREY:LFDEF - Post by User
Comment by
BlueHorseshoe13on Feb 25, 2016 8:05am
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Post# 24593120
RE:RE:RE:RE:RE:RE:UR moves CMD to March 30-not good
RE:RE:RE:RE:RE:RE:UR moves CMD to March 30-not goodEither they have deferred on account of FOC readiness, or Q4 results. But someone there has certainly been reading this board.
Here's my read on Q4 results in advance of the date.
1) HRC -- nothing. FOC declaration March 29th.
2) Deimos 2 -- revenue beat. $7M
3) Other cams -- nothing. $5M in EO in Q3 was a legacy milestone payment from a D1 contract
4) services: revenue beat: $7M
5) Working captial: increase cash from deferred rev from advance on services.
6) backlog: significant (20%+) increase, largely from D2 sales in going from 20M to 40M +
7) constellation: technical progress posted, no binding agreements signed (for structural reasons I have posted previously). Patent portfolio on SAR system should be restated at fair value under IFRS rules but will likely be recorded at cost.
Net -- reduced operating loss posted with increase in net cash.