Well, to be fair (and I am long), CERP hasn't "made money" for quite some time--this is a penny stock for crying out loud. They DID have more REVENUE in the last quarter than they had all of last year (although the bar was already set very low---after all it is a penny stock for crying out loud).
They (we) are expecting them to make more (revenue) in the coming months--but they are a long way away from actual profitability--this is a penny stock for crying out loud.
And if we start to see some PRs similar to the one previously released about 2 months ago on the Q1 revenue, this could see 10cents before long---it is, for crying out loud, a penny stock. :)
Depends on how you want to define "made money" or "lost money". I think you are both right. They made money on their sales. But they lost money because of primarily one-time charges. So I would expect that most of those same 1Q charges would not re-occur in 2Q. So the question is will they be able to make enough money in the near future to began supporting their own operations and began to reduce the need to borrow and raise funds to fund operations? If they can show they can be profitable the short-term funding will come. I think they are close to turning the corner on this.