RE: Financials Released...Any thoughts??
I will share some of mine.
Nothing really spectacular. Relatively slow growth for a company like this.
A few items of note, some positive and some negative.
Very high inventory. Inventory is higher then Quarterly sales. What is this inventory, 2 Million dollars worth of hardware? That would be bad news.
Huge increase in the cost of sales. Decreasing margins are not good.
Strong cash position, but we knew that.
I would imagine the loss from E-commerce will be a none factor in the next quarter. That should help the bottom line short-term.
Over all hardly a good news set of results. But I have to say, I am far more curious on how they are doing for marketshare.
I find that hard to guage. I always thought the increase in sales would be a lot more dramatic...
Marcel