RE:The more potential That's right Socrates. But, there was soft guidance:
- Revenue at low $50M is in a more normal range;
- Moving more quickly to the implementation finish line on all projects with 2 to be transitioned to operations this year;
- Expect further project cost reductions and economies from integration; and
- Growth prospects mentioned several times so it will be important to show at least minimal Q/Q growth; with projects coming off the implementation board, this suggests that pursuit of new business will ramp up.
I'll look for the transcript to confirm what I think I heard.
With that in mind, this is my early cut at Q3: | QTRH ITS | | | | |
| | | | | |
| | Q3-23 Fcst | Q2-23 | Q1-23 | Q4-22 |
| Total Revenue | $53,000 | $51,865 | $38,315 | $40,142 |
| | | | | |
| Cost of Revenue | $38,000 | $38,428 | $33,237 | $29,976 |
| | | | | |
| Gross Profit | $15,000 | $13,437 | $5,078 | $10,166 |
| | | | | |
| Margin | 28.3% | 25.9% | 13.3% | 25.3% |
| | | | | |
| Selling/General Admin | $8,000 | $8,235 | $9,405 | $9,443 |
| R&D | $1,300 | $1,354 | $1,175 | $586 |
| Other | $750 | $745 | $1,303 | $4,036 |
| TOTAL Cash Expenses | $10,050 | $10,334 | $11,883 | $14,065 |
| | | | | |
| EBITDA | $4,950 | $3,103 | -$6,805 | -$3,899 |
| | | | | |
| EBITDA Percent | 9.3% | 6.0% | -17.8% | -9.7% |
| | | | | |
| Interest/Depreciation/ Amortization | $6,500 | $6,867 | $5,865 | $3,976 |
| Corporate | | | | $4,923 |
| | | | | |
| Operating Income | -$1,550 | -$3,764 | -$12,670 | -$12,798 |
| | | | | |
| Operating Income Percent | -2.9% | -7.3% | -33.1% | -31.9% |
| | | | | |
| Shares OOS (000s) | 114,650 | 114,650 | 114,640 | 114,640 |
| | | | | |
| EPS | -$0.01 | -$0.03 | -$0.11 | -$0.11 |