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Mitec Technologies V.MTMH

"Mitec Technologies Inc exited the telecom and satellite communications area in 2012 and is exploring interesting opportunities in other areas."


TSXV:MTMH - Post by User

Bullboard Posts
Post by xanada2on Mar 10, 2006 10:20am
167 Views
Post# 10493564

Check out the numbers......

Check out the numbers.............Sales in the Telecom segment in the third quarter of fiscal 2006 decreased by $5.1 million to $6.1 million, or 46% compared to the third quarter of fiscal 2005. This decrease would have been more substantial were it not for the revenue generated by the recently-acquired power amplifier products. The $5.1 million in sales decrease is attributable to a large OEM exiting the CDMA market as well as another customer's declining market share in the North American GSM market space. In future quarters, the Company anticipates being able to compensate for this revenue shortfall by sales of products derived from its LMR technology platform......... So....reading this statment and extrapolating the numbers...They say that they are banking on LMR sales!!!!! But, with a gross margin of 4.5% on LMR, they will need an additional $62,000,000+ in quarterly sales to break even with the current $2,800,000 loss!!!!
Bullboard Posts