RE:2014 projectionsQuote from 2013 projections:
"Based on our updated sales forecast, we are expecting moderate growth in sales in 2013 as compared
to 2012 due primarily to our Manufacturing operations."
"We are expecting net income to increase moderately in 2013 as compared to 2012 due primarily to
forecast net income by our Manufacturing operations."
Results:
Year Sales Earnings EPS Assets LT Liab
2011 $8,467,618 $(761,550) $ (0.07) $4,230,083 $310,652 ---
2012 $10,389,445 $312,812 $ 0.03 $4,839,967 $1,826 ---
2013 $15,211,993 $1,229,243 $ 0.12 $9,897,749 $541,786 ---
Instead sales increased 46% and EPS quadrupled - up 4X! They clearly underpromise and over deliver. Last year high canadian dollar was hurting us. Big 10% + drop in CDN$ drops straight to bottom line and should result in better profitability for 2014.