Probably the most important result. Gross revenue is a huge jump from 2Q: from $65.9 million to $70.6 million, and the bigger than expected (at least bigger than I expected by over a million) is a big part of that.
That said, the Cost of Revenue was up by $1.7 million, which somewhat offset the $4.7 million increase in earnings.
That's pretty much the whole story of RAS $3 million increase in Operating Income when compared to 2Q.
$3 Million is HUGE: a 20% increase in one quarter.
Davis, you can put as much lipstick on the pig as you want but it boils down to ANOTHER miss by Schaefer. The guy is not capable of hitting any projected numbers. Market is hot but he just keeps plodding along in his conversative ways. Would love to see him go and replaced by a CEO that knows how to play offense.