BacklogQ3 - "As of the date of this document Innovotech has in hand signed protocols for work that is scheduled to be completed in the last quarter of 2014 that total approximately $280,000"
roughly $175,000(accounts receivable...) +$45,000( revenue incured in quarter) +30,000(in products) =conservatively lets say $250,000 in revenue.
If with take last quarter gross margin and add a little premium assuming that costs were further reduced - 60%
Gross profit: $150,000
SGA: $75,000
R&d: $20,000
Grant: ($20,000)
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$75,000
Interrest income: $18,000
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Net income: $57,000
Hopefully they will beat these numbers!
GLTA