Interim quarterly (10Q) financial statements are unaudited. You want to know what the true (at market realizable) value of that $2.68 per share in working capital is. Inventory is a part of that number. Only at fiscal year-end do you get the audited (fully vetted) number.
the paradigm for valuing this co. has shifted (at least for me) to what it might be worth on a breakup value basis through sale or liquidation, rather than on a forward looking basis valuing it on estimates of future discounted cash flows or P/E. I will not value it on what I think either the base business or Xact might earn or generate in cash return in the future because that has proven to be highly erratic historically and certainly unpredictable.