what progress? cost cutting is their progress? they remain cautiously optimistic about their future.. that means they have no future, just standing by and hoping someone calls them for an order. Time to rid the CEO and rest of the cronies that have been selling their shares, and bring in some new blood if you losers ever want to see the stock over $5 again.
I guess you missed the 11% revenue increase last quarter over the preceding quarter. The preceding quarter revenues were up 4%. That's revenues up at an annualized rate of 30% the past two quarters. Since they have a lot of fixed costs, much of that increase falls to the bottom line. The question is can they keep it going? If they can earnings will really pop.
"Decent" I don't think fully conveys the upside surprise. This blow to bitter bears is the 3rd Q report in a row above expectations, and the first in a while in the black. Good luck to all the true optimists out there.