OTCPK:VRXWF - Post by User
Comment by
SurfForWealthon Feb 20, 2004 6:33am
181 Views
Post# 7090350
RE: reason for tanking
RE: reason for tankingClearly you did not take the time to read & understand the detailed explaination.
"While fiscal 2004 revenues are expected to exceed levels attained in 2003, the first quarter financial results are expected to be below profit and revenue levels attained in recent quarters as a result of rescheduling certain Custom Content contracts."
They did not state it would be lower than "previous year" but stated "recent quarters". Q1 is a seasonally low Q & they have some contract timing issues. Since they are still predicting strong revenue growth as follows;
"management expects fiscal 2004 revenues to be at least 50% higher than levels achieved in 2003"
Your comment "revenue is to suddenly drop" & "the story has changed" does not make a lot of sense. You appear to be a short term thinker. I think people selling here are missing the essence of this growth story. Every Q cannot always be a record Q. Cheers!!!