Projected Q3 Sales of over $7 million$1,225,000 for the last 4 weeks averages about $550,000 per year.
Thats almost exactly the same as for the first 3 weeks of this quarter.
Clearly, orders are pouring in at a very robust and steady rate.
At the purchase order rate of $550,000 per week, GSI should add another $3.2 million by exit Q3.
Thats over $7 million for the quarter.
Inventory levels are robust so these orders can be filled quite quickly.
So @ $7 million in sales and 55% gross margin, operating earnings will be about $3.8 million.
Remove $1.2 million for other operating expenses, and Q3 net earnings become $2.6 millin or about $0.04 per share.
If decent rates of purchase order receipts continues foer the next 4 quarters ( it probably will increase ), GSI stands to earn over $0.12 per share for the next 4 quarters.
This places fair value at $1 or more.
Back up your trucks..