RE:2016 financial resultsbossu wrote: to lematou 22 ,echo2,dr.cash,Eunice and others:
What kind of results are you all expecting next Tuesday?
As far as i'm concerned the profit and loss statement will look like this:............................................
........2016......Revenues.......... Profit .............Unit shipped................................................................
.........Q1.........$3,071,000......$ .649,000 ..........................................................................................
.........Q2.........$2,977,000......( $1,487,00)..........................................................................................
........ Q3..........$3,507,000.....( $1,473,000 )........30..........................................................................
.........Q4..........$3,900,000..... $ 500,000.. ..........30 .........................................................................
....Total ..........$ 13,455,000....($ 1811,000)........110.........................................................................
........2015...$ 1,248,000.........($ 6,336,000).....................................................................................
Note :A wishfull thinking for a profit of $ 500,000 in the Q4
This represent an increase of more than 10 times the 2015 revenues which is in my mind, a spectacular showing.At the same time they have shown a remarkable diminution in the lost for the year of $ 4,525 000.
On september 30 th 2016 they had a cash and cash equivalent in the bank of $ 20,700,000
and they will have about the same amount at the end of the year!!
The big question::How Mr Market will react to those numbers ?
Probably a ''neutral reaction'' and what we need now is a general information about the ''ongoing business'' and some nice words about the acceptance of the product .In my mind it should not be too difficult to show us ''little share holders''that a clear and blue sky is not far away.!
What about you guys ?
And to add some ''spice''on my post, revenues for 2017 could be ''minimum'' $18,696,000 or a 41% increase on 2016 .
Just assuming a production of 38 units per quarter or 152 units for the year and revenues of 152 x $123,000/unit=$ 18,696,000
Bottom line this for this year will surely be positive and this is why it is important to show somw profit in the 2016 Q4 numbers.