>>26 would be a disaster IMO but he left it a possibility in todays presentation.<<
Without a PR preannouncing Q3 he did not have any choice in repeating the 26-30. You can bet he knows within a few hundred thousand what Q3 will come in at, but it would be a violation of SEC Reg FD to disclose anything new today to a limited conference audience. Coming in at 26 wouldn't be much of a stock booster, but I don't think it would be a disaster. Anything less and we see more downside.
Did you change your mind about doing a little bottom feeding today? I have seen no spouting on the bid. We may hit 2000 shares with a little luck.
We have seen a few quarterly disasters with Aware. The last two Q's come to mind, Yikes. 7 Million per Qtr or better would not be a disaster. If they achieve 8 or better, I think we will trade north of 7 or 8$ per share.
He delivered a pretty standard pitch. The reference to 20% Biometric growth was a 1H06 to 1H07 comparison of the pie charts early in the presentation. He did not make much of a comment about what to expect going forward from Biometrics. He did say most of the growth in Product sales came from DSL T&D equipment. This will morph to more T&D software with higher margins going forward (some good news).
Based on guidance we know we expect 14-18 million in Revs from 2H07 - which is 7 to 9 MM$ per Qtr. Relatively speaking, this is pretty strong performance if it plays out.
I would say the first half of 07 netted 3.8 MM$ in biometric sales.
If Aware is going to hit the 7-9 MM$ revenue range, they are going to need 4 or 5 million from product sales this Qtr, and bio will be a big piece of it. That will constitute more than the 20% backward looking YOY MT referenced in the presentation.