RE:RE:IS Q3 RESULTS REALLY THAT BAD (-6.43%)People missed out on a couple of other things for the Quarter ER as well.
The company dedicated about $15M or so for Long Term Insentive costs. This LTIP is set up for the Employees to perform. I see as a good thing, because that's cash set aside for Buybacks. The other item was a settlement for the NY Lawsuit from that Hedge Fund, which I estimate at around $25M-$30M by the sounds of it. What I didn't get a handle on yet is the PP&E ecpense. I'll go through the financials another day to see if I can find anything resembling the reason for the outlay..
So overall it wasn't so bad, given the ramp-up on inventory for balancing out quarter deliveries a little between the Q1 to Q4. This is a good thing, because this is going to be a slow process, so the cash outlay has to go gradually. The good thing is now that the G8000 is ready to come to market, the company can start to focus on everything having to do with prifits and margins. That's the reason we'll have a great 2025. JMHO GLTA.