It shows they likely had no burn this last quarter...we have turned the corner...we are at breakeven and now profitability is just a stone throw away.
Just a small note...although there was some panic selling early this morning...it partially could have been another bear raid to reinforce the negative sentiment associated with the earnings. In reality, the earnings were within expectations, but with the price going up so quickly at the end of last week, most were expecting to beat expectations. In my opinion, the price should have been up long before that just on the expectation of breaking even, it was the large market sell off that kept the price from going up until Thursday. Anyhow, the volume seems to be slowing to a trickle now...no huge selling or buying. The faithful longs (of which I am one) are holding fast...the day traders never really got the chance to play this like they normally would....credit that to the early earnings before the bell. Now, I expect to see some upgrades from analysts over the next few days....may not issue a huge ratings increase, but the company deserves at least a little love. That will likely put us back into the $3 plus category and hopefully we stay there until next earnings. I anticipate next earnings will show our first profitable quarter, but maybe not expectingmore than a penny. I think year end is another matter....but we are a ways off from that. I will remain patient, this is a great company and has a great future....but success will come over time, not overnight.