RE:ResultsTotal customer deposits is $62m. Total cash is $30m which means the company spent $32m in cash received from customers for product that hasn't yet been delivered to them. If the cash hasn't already been reinvested in inventory, this is a sign of worse things to come.
A ray of light is in the bookings due to be billed in the next 12 months. This is a healthy number, but the company continues to have the asbestos monkey on their back.
It's a shame investors (I'm not one of them) will need to wait quite a while for year end results, but the next 12 months will be interesting.
Quarterly revenues need to be at least $90m for this valuation to hold up. Maybe more with declining gross margin.