this company is a joke. Take a look at telonu.com and look at all of the comments around their pathetic management. The only way this company even makes money is by acquiring another company and getting the growth of their topline to beat the interest they pay for their purchase.
The earnings report showed that they barely made any cash income. This stock needs to return to the 28 level until they prove they can actually be more than just an M&A style organization.
Investors value this company on a cash earnings basis due to the frequent acquisitions -- NI is going to be bumpy until they reach their long term goal of broad market penetration of an in-home diagnostics platform.
I'm surprised you even bothered computing a P/E as it is essentially a useless valuation metric for this company.
If you're going to complain about anything, complain about the reduction in gross margin.