Sales for Q1 2007 were $17.2 million and gross profit was 29.1% - total gross profit of $5 million.
For total FY 2007 margins were 20%. Q4 2007 was obviously on the lower end of the spectrum.
A 45% increase in revenues for Q1 2008 gives us revenues of $24.94 million. If margins stay at the average for 2007, 20%, then our total gross profit is $4.98 million - about flat with 2007 despite the increase in sales.
Here's the kicker - the majority of WILC sales occur in Israel and are denominated in shekels. The shekel has appreciated 20% against the dollar since May 2008. Ergo we may be facing gross profits of $4 million.
Well I pretty much was on target with my estimate of 24 mil in revs(actual 25 mil)I would raise my estimate on eps (1st qtr of '07 was .15 on revs of 17.2 mil)to .18-.20.That's not bad for a start.I think we could see revs of 100 mil for year -with an eps in the .50-.60 range ( with a stock price of 7.50-10.00).That's without any other acquistions which would change the picture. What's your thinking Farvo?