RE:RE:RE:RE:RE:Disappointing EarningsEvery great management team provides conservative or no guidance at all to beat expectations. It's always better to underpromise and overdeliver. It does no one any good (investors and management alike) to have too high expectations because if they just hit them or miss them, then investors get disappointed which usually translates to the stock moving down in price.
The range for 2015 was $2M-$3M. Management's REAL expectations fall closer to the $2.5M and they think $3M could be doable if every goes as planned. But for the aforementioned reasons, they just gave $2M as a target.