Post by
OptGreen on Sep 24, 2020 9:07pm
Acceptable
While on the lower side of the estimates from trying to track sales through product movement online and testimonials was really quite accurate, thanks to joh et al...coming in on the low side with slightly less than $11mil for the period is pretty spot, as the higher end is usually more wishful thinking than fact.
With all the change since Dec this is a very good start and FQ1/21 should give us much more clarity of where we are at and where we are going...tomorrow's tel con will shed more light on that. When one looks at the rest of the sector with some pretty huge volumes, FIRE should have little problem stepping away from the pack on realizing profit in the near term and expanding on that as net margins improve all the way to full production and beyond. This at ~20% of full production. JMHO...Opt
Comment by
Method on Sep 24, 2020 11:27pm
I think Stifel was at $8.3m so I'm pleased with the revenue number. Obviously higher would have been better. The operating cash burn was just over $3m if my math is right so they are getting closer to cash flow breakeven. I hope the inventory writedowns are behind us or close to behind us as the inventory turnover increases.