Post by
TheRock07 on Apr 02, 2014 11:48am
35 cent + target
The new deals and arrangement had yet to kick in for Q1 and it is seasonally weak.
I foresee net quarterly sales exceeding $3 million by Q4 of this year, with $5 million possible.
Gross margins are about 68 % which is about $8 million in operating earnings on an annual basis @ $3 million quarterly.
All in quarterly costs are about $1.5 million or $6 million annualized.
That leaves net earnings of $2 million or about 3.5 cents per share.
Thats a triple bagger from here and perhaps more given a strong growth profile.
With a strong balance sheet, they can now afford to expand comfortably.
All that is missing here is investor awareness..