RE:RE:RE:3rd quarterfrm10328 wrote: Agreed, 100%
swyint123888 wrote: 17 million is high for Q3 according to the guidance they gave and the comment Marshall made about Q3 being light
Guidance suggest 25 to 30 million second half of 2021 and Q3 is light according to the boss
I'm thinking more like 7-9 million Q3 and 18-21 million Q4.....not too shabby no matter how you slice it
Q3 could possibly be in the range of $10-15 million. This would contine to put the company on pace for a $60 million run rate for the year, which is absolutely incredible for a micro/small cap company. This alone is a reason as to why this company should take off. It's one of the few stocks on the venture with a positive EPS. That EPS could possibly double.
Keep in mind that the quarter will be compared to last year's 3rd quarter and regardless of the lull that people are mentioning for the covid testing in the summer, Q3 this year should blow away Q3 of last year. Yes, there was a small bit of downtime in the movie industry over the summer, but DM also added 3-4 more productions over the summer to that list of tests. I believe DM is testing for 30 productions in total, this is up from the previous quarter. That should make up a bit of that difference for that lull.
The testing for the cruise line entertainment section did not commence until the end of Q3 on September 30th. As they did commence testing on September 30th there may be a few numbers from that testing added to the Q3 financials.
The company wrote down a lot of their legacy assets last quarter, so that their books would be "squeaky clean", as a clean balance sheet is what institutions look for. This tends to come before revenue and DM probably gets an A+ on both of those (i.e. clean books and revenue).
In the end, MG does not control the direction of the stock, but sooner or later the stock pice will begin to reflect the balance sheet, revenue, growing contracts, growth and expansion of the verticals and the direction of the company. I have invested in a number of stocks over the years that went sideways for a long time before running up. As always, patience is needed. Zenyetta (ZEN - now Zentek) took many years before is shot up. But those who held were very well rewarded.
Q4 on the other hand, could possibly be in that $20 million + range. All that takes DM to that $60 million run rate I mentioned in August. So why am I invested in this stock.... need I really say more.