the service revenues last year was 18.9 million...this year will be over $24 million..the supplies business was highest in the 1st quarter and went down as the year progessed so you have to look at the breakdown of the numbers...2nd half will be huge this year..we should be 7-8 before you know it...this year the supplies numbers will be a lot lower ..but service rev's and better mix of margins will make up for hose number going down
the 1Q will be the lowest revenue quarter of the year due to seasonality. however, the service revenues will still be better than perhaps each of the first 3 quarters of last year and that is the key number. the much lower margin product side is forecasted to be down due to the Ricoh reorganization. this reorganization did not occur until later in 2011 thereby giving a false impression on revenues and seasonality.
all that being said, the 1q should show a very nice year over year comparison on ebitda as lowl stated in his post.
don't forget that DWRE also will be reporting Q1 results. If this comes before PFSW, then we get a nice peek into their service side.
still believe new 52 week highs are forthcoming with a big surge coming soon.