RE:RE:RE:RE:RE:Good Grief1
"He anticipates revenue will grow progressively over the next quarters"
Well I would hope his anticipation is that it grows like Jack's beanstock because he needs over 100% growth in revenues just to get it back to the poor state it was in at the previous quarterly report. On top of that they lost $2.5 million this reported quarter and can not afford to lose more than another $2 million without starting to get into a serious cash crunch. 20 - 30% growth quarter over quarter for the next few quarters is just not going to cut it. They were losing money at double their present revenue.
It is worrisome with revenues like that, he did not at least say something to the effect of there will be a significant rebound in revenues in the 4th quarter instead of just saying he does not expect it to be profitable. I mean for heavens sake this is the second week in December and accounting is ongoing so he has a good ballpark figure of where they stand right here and now. Has he not passed at least $3 million in booked revenues so far? If he has he could have very safely said "Significant growth in revenues"...but he did not.
Either he is not a very good public speaker or he could not be more positive without getting himself into hot water. You really want to hope that he lacks the gift of gab because if they lose over $1 million in the 4th quarter then this is heading for single pennies...and trouble.
Not trying to fear monger guy's, but I am a seasoned business man and I do not believe in pulling punches. You have to deal with things for what they really are. You need rabbits pulled out of hats and unless I missed something I did not hear of anything even remotely fuzzy for this current quarter. Saying that he does not expect the 4th quarter to be profitable is way too conservative. I am quite sure 2 weeks before the end of the previous quarter he did not expect that one to be profitable either.
Oh well, for your sake I really do hope my gut is wrong on this one.