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You have to look at cash + short term investments. Apr '07 = 21 + 88 = $109MnApr '08 = 105 + 13 = $118MnSo only $9Mn increase, part of which is from option exercises, while the company claimed $21Mn of net income.
It all depends on how you view the data. I interpret it a bit differently based on what I've read in the filings.The stock remains a buy and Mgmt is executing the biz plan perfectly. Listen to that conf call. Congrats AVAV.
so i owe a couple of mill for my neighborhood surveillance gizmos...hey, when i start selling the barbque info, then i'll cath up...glta!