Given that Q1 gross sales came in at $24.9M, $105M would be a pretty lame GROSS sales projection as it implies growth of less than $1M per qtr ($25M + $26M + $27M + $28M = $106M). That's solid but hardly spectacular growth, and doesn't seem to make much sense - Q1 was up $5.6M over the previous qtr, for heavens sakes!!!
Can anyone who listened to the presentation comment? I looked at the presentation materials on the RedChip web site, and it indicated the projection was for gross sales.
True, but if you string together enough qtrs of solid-but-not-spectacular growth, it will eventually lead to solid-but-not-spectacular YoY comparisons. So I think it wise to consider the implications of statements about full-year results when only one qtr is in the books.
Im pretty sure he implied gross sales, and he said they r well on track. I think they just undershot. He kept saying Q1 is a good indicator for the fiscal year and that Q2 and Q3 tend to be slower and Q4 is busiest with ny resolutions and companies filling the shelves for the new year and holiday.
We will get a good indication from what they report for Q2. But his tone was very positive.
mtc44380, I'm hoping - and expecting - that you're correct about the guidance simply being very conservative. Q2 is in the books, so we'll have more data soon enough (mid-August?). A much more optimistic way of looking at it, I suppose, is that they have raised their revenue projection to$105M from $100 just a few months ago.