Since Murphy will be comparing his new figures for the 1st qtr. of 2010 let's take a look at the two qtrs. he will use as a comparison and see how we stack up. First of all he will compare the new numbers to the last qtr. of fiscal 2009. In that qtr. revenues were 5.6 million and EPS was a plus two cents a share. Then there will be a comparison to the 1st qtr. of fiscal 2009 and those revenues were 5.7 million with a loss of a penny per share. So in either case I believe we stand a good chance of besting those figures and hopefully seeing our stock price rise. The only real fly in the ointment is the market correction we are currently exposed to and from the looks of after-hour trading we will have more of the same tomorrow. If we can get .04 a share with revs. around six million we should be okay. Good luck everybody.
I must seem like a contrarian but I only can post what I believe to be the case. I had hoped for .04 cents and six million or so in revenues and got neither. I had hoped for an increased backlog after reading Murphy's comments in his last PR some four weeks ago. I got a 9 plus figure but that is misleading because he states that our current backlog is that high but that includes "borrowed backlog" from the 2nd qtr. of the 2010 fiscal year. It really was 8 million plus as of Sept.30 but of course you don't see that much lower figure in print. By the way you would think they would edit their press releases before putting them out there for all the world to see. Take a look at the line " net income was $183,000 for the FOURTH qtr. and a plus of.02 cents????? Pardon me but wasn't that for the FIRST qtr. just released??? The fourth qtr. had shown net income to be $202,000 or 19,000 more than the qtr. just released. The market reacted with a 7 cent move and no reaction (thus far) in the AH from the CC. Now we have three more months staring us in the face. Maybe by that time motion control sales will have picked up enough to offset whatever product they find wanting as a reason for disappointng revs. come the 2nd qtr. CC.