RE:RE:RE:4 Analysts covering!railbird wrote: Analysts have been pretty good with their earnings estimates so far. This data is from TD
Future estimates show earnings of -.01 For Q4 and break even for Q1 17.
Their overhead must be reduced substantially to accomplish this I think.
So I think this is a buying opportunity
Earnings Announcements
*Non-GAAP = analyst adjusted earnings and revenues.
Earnings Announcements Table | Period | Actual | Estimate | Revenue |
| Q3 2016 | -0.02 | -0.02 | $1.0M |
| Q2 2016 | -0.02 | -0.02 | $3.0M |
| Q1 2016 | -0.02 | -0.02 | $3.0M |
| Q4 2015 | -0.02 | -0.02 | $2.0M |
| | Q4 2016 | Q1 2017 |
| Current Mean | $-0.01 | $0.00 |
| Standard Deviation | 0.01 | --- |
| Previous Mean | $-0.01 | --- |
| Low Estimate | $-0.02 | $0.00 |
| High Estimate | $0.00 | $0.00 |
| Number of Brokers | 3 | 1 |
Cost cutting already happening
The current general corporate expenses of the Corporation (excluding research and
development costs and interest and principal payments) are approximately US$471,000 per month based on the six month period ended June 30, 2016 and are estimated by the Corporation to have been reduced due to cost cutting measures to approximately US$372,000 per month for the three month period ended September 30, 2016.
The Corporation believes that its current net working capital, together with the estimated net proceeds from the Offering allocated to general corporate purposes and monthly gross margin contribution of approximately US$500,000 based on revenues reported for the six month period ended June 30, 2016, shall be sufficient to cover its working capital needs for greater than twelve months from the date of this short form prospectus.