The up to 100 million credit line is based on non-disclosed criteria (I would assume it would be on profitability going forward). That point is mute as the company has plenty of cash/ receivables on the books for working capital.
The filing also states the terms of employment for Hoby.
The company has released Crushers and will be releasing PLYR 1 gaming headsets (on the web site and at Best Buy) on the 15th.
Astro brand has released a series of neon colored A40 series (3 alternet colors).
Hoby also stated one more release this year still coming in the ear-bud line.
I would assume that going forward they will enter the home/car speaker market and expand their entry into accessories (branded like Nike etc.)
Positive move in the stock price after the pummeling it got post earnings. Weak hands dropping out?
Institutional final holdings for Q1 will be finalized and available on the 15th. So far looks like some modest gains in holdings as they trickle in.
I expect a small net loss as stated in the Q1 Earnings Call for Q2 (.03 a share) with a potential for a "surprise ffactor" back to even or slightly profitable.
More interested in if they "unstuffed" the channel from the Year end holiday's and revenue going forward.
Q3 will be positive (earnings wise) with the back to school and summer sales. I would expect that forecast to be stated in the next earnings call.
I would also expect Hoby to spin the future of the company and turn arround in the next 2 quarters.
By "mute" I mean that they do not have to utilize that credit facility at this point. It does show that the loaning parties have done due diligence into the financial health of SKUL and they dream it good.