That is not a debacle as this quarter is always their lowest earning quarter.
Net sales for the fiscal year ended August 31, 2006 increased $28.5 million or 108.3% as compared to the prior fiscal year ended August 31, 2005.
At August 31, 2006 and August 31, 2005 the Company had unfilled customer orders of $44.7 million and $9.9 million, respectively, with such orders generally scheduled for delivery by March 2007 and 2006, respectively.
As of November 30, 2006, the Company had on-hand unfilled customer orders of $26.4 million as compared to $12.3 million at November 30, 2005, with such orders generally scheduled for delivery by May 2007 and 2006, respectively.
Their rev is up 100% yoy, their earnings this quarter almost turned to a profit and their backlog is up 450% and 114% respectively for the next 2 quarters.
as i said 6 or 9 months ago, it's a one quarter company. it's still the same pos it lawyas was, just now with larger sales due to an acquisition. you lose money for three quarters and acquire a co. that loses money for three quarters and guess what - you lsoee money for three quarters - generally speaking. those are the odds. it had a huge run up and to play it at this price was a HUGE risk.