We are now into the 3rd month of this quarter, and I am wondering if anyone has a good feel about how CLCT is going to fare for the quarter? Especially for the working capital figure. As everyone knows, last quarter produced $3.8 million in W/C, which was $1.4 million more than needed to cover the dividend.
Will we see similar results based upon production during the quarter, if anyone has a feel for this?
last 10 days of March: 60,000 (approximate)
April total: 175,778
May total: 170,000 (approximate. May had 31 days. the June 1 total was 167,324)
Qtr guess: 525,000
April total: 169,093
May: this number should be out later today or tomorrow
Qtr guess 400,000
Coin ticket price last qtr was $17.65. Should trend up a little as the price increase was not fully reflected last qtr as there was a huge pile submitted before the increase in December. So I am guessing that number moves up to $18 this qtr.
My best guess is $13M rev, EPS of 25c and they add a little to cash, say $600K. Will know more by June 20th as I figure there is a 10 day delay with the statistics page and revenue. There is also added expenses for China which are hard to figure out when they hit and how much negated by increased revenue coming out of China.
Backlogs are still lengthy and healthy but have come down from their peaks.
You mention that backlogs are down a bit but are still healthy. I think this is a good situation, because in my opinion, we don't want customer frustration and delays due to slow processing times. We want to keep things running but not have too long a wait for the grading services. This shows a lean effective operation, and hopefully would not let the competition sneak in.