Everything is down - WAY down. IADS a/k/a Synodex down over 71% from 1Q for total sales of $200K???? They spent $2M in the quarter to produce $200K in revenue??? HOW IN THE WORLD IS THAT EVEN POSSIBLE??? Hasn't anyone heard of cost control? Management oversight? What happened to the pipeline with 50+ prospects??? Is Jack that oblivious to what's going on in his pet project? Maybe Jack ought to think about outsourcing the work to a vendor that can handle the $200K alot cheaper. And Jack is asking us to be patient??? What's the tally so far - $12M in expenses? and $900K in sales? Is that the kind of ROI you were projecting, Jack??? Obviously Synodex is not the rabbit Jack was hoping for to offset the losses on the core side of the house.
Should be a pretty interesting conference call, listening to Jack dance his way around this one.
Even I (IC, not ET!), sitting on my toilet in the Rockies (!), find it hard to believe just how bad these figures are. The forward guidance is most uninspiring, in particular. Good luck longs, especially my old friends on this board. Who knows, it could be that the Inod "vision" will work out in the end but, ask yourselves the question, how often has it in the past??
They beat esarnings and met revenue estimates. Go back to your business school lecture notes : a good investment is here the net present value of future expected cash flows is positive. The short term return and revenues on investment is meaningless