Did management give guidance this time?? Sounded like he said, 2nd qtr would see continued revenue growth, & "Break Even (EBITA). From a "Minus" ($6.594 mil). Huge move. But they never semi guided before... They say the problem was "TIMING". Always "TIMING". But you saw the huge sales! It must have been "Timing"....So in order to fulfill there promise of "BREAK EVEN (EBITA) this qtr, you will need about ($40) million in revenue. And (24) percent Gross margin... Huge Jump, but they never semi guided before! ! Looks promising!
Jamison promises break even EBITA on the 4th line of the CC commentary. That's teetering on "PROFIT". CRUNCHING NUMBERS::,Looking for, NUMERICAL CORROBORATION, or just GLANCING AT THE BALANCE SHEET..
You see, (Net Receivables): jumping from ($17.9) mil to ($ 23.7) mil.
Inventory jumps from ($18.5) mil to ($25.9) mil.
Large & significant moves.
That could suggest, or imply that Jamison is correct, & this qtr could see ($40) mil in revenue + about (24%) GROSS MARGIN & (BREAK EVEN, (EBITA)..
YOWZA, YOWZA, YOWZA, HUBBA, HUBBA, HUBBA, which means, HURRY, HURRY, HURRY!!