what do they mean when they guided revenue as flat? does that mean they are projecting 92mil (what analysts are projecting for next quarter)?, or does flat mean they expect Q1 to come in at 86.5 like todays report?
That means they expect the Q1 revenue to be about the same as in Q4, or about $87.2M.
Of course, that $92M estimate was from only one analyst, so I don't know how the report will be received.
The fact that they improved margins could potentially outweigh the lower revenue growth, and the current price, which is down nearly 11% from the end of March, may already be reflecting the idea of zero sequential growth (Q4 to Q1).