I now think they will do north of $16 million in revenue for the 4Q. That would put fiscal year revenue at $47.7 which would go with the statement in todays PR. I think net income will come in north of $5 million.
So for the fiscal year revenues will be over $47.5 and net income will be at least $15 million or over $2 per share. That would smash current estimates.
THIS IS ONLY MY OPINION AND BASED ON THIS LINE FROM TODAYS PR: "the Company expects to meet or exceed top-line revenue guidance range of $45.5 million to $47.5 million for the full fiscal year."
Hope you're right, though if they're even on the upper end of guidance -- say $47M -- they'd satisfy the spirit of their conscious decision to put in the line about meet or beat.
Also, I'd expect some minor lessened Q4 net margin, because of normal extra expenses in the fourth quarter. So, any beat of the $.57 estimate would be fine by me.
Of course $5M, or $.70 is well within indications; hard to see how the pps wouldn't rise at least that much.
Thing is, Q4 2011, they'll earn over $1.00 per share. And maybe -- just maybe -- the overwhelming cloud over the space will be a thing of the past, or the bad apples will most all be weeded out, so that a modicum of reasonable p/e multiples can apply to the legit companies.