Not really. Those numbers are non-GAAP, and management has been raping the company with stock options for years. Revenues are a bit light too. I want to see the GAAP numbers. If they're in the black, I will be amazed.
According to the release:
GAAP gross margin for the third quarter of 2013 was 48% compared to 37% in the second quarter of 2013 and 37% in the third quarter of 2012. GAAP net income for the quarter was $3.3 million, or $0.03 per diluted share, compared to a net loss of $(10.0) million, or $(0.09) per share, in the second quarter of 2013 and a net loss of $(19.1) million, or $(0.17) per share, in the third quarter of 2012.
So, they came in positive. Maybe this will be our saving grace?
Revs seem a little light but still on target.
It's all about the future and hopefully the conference call will provide some insight.
I guess Fallon is not too keen on forecasting annual revs. I can't say that I blame him. What is he supposed to do as a ton is riding on Level 3 and Verizon. Until that business is booked talking about future forecasts are impossible.