Q4 Disapointing. But 2011 Very StrongI guess we know why HEM decided to postpone its conference call. Without question Q4 was a disapointment and well below the streets estimates. However, 2011 appears to be very promissing. Essentially the company has now reported 1Q11 revenue at around $21.5mm, which is very positive and in line with most analyst estimates (being able to provide this info is clearly why the company delayed its conf call until today). Management is saying at least 25% increase for all of 2011 is being forecasted (or $70mm+ revenue). Again this is very positive and in line with street expectations for 2011. Also, don't discount the return to profitability comments which will be a key to driving the share price north of $3.00 (we won't get there without profits).
Honestly, not sure what to expect today. The street might get spooked by the headline numbers so potential for some selling early. Conference call is the key now as management needs to give more guidance on margins and how they are managing the currency hedge they've implemented.
Looking ahead we now have true fundamentals to support at least a $2.00 share price based on 1Q11 actual (well, almost actual as still a few days left in the quarter) and strong outlook. $3.00 is still in the cards but will take reporting 2Q11 or another major announcment so I suspect by summer we'll get there (or close) assuming no major disruptions to business fundamentals (I don't anticipate any).