earnings were awful. But geeze, they are guiding for 35% compounded annual revenuegrowth for the next 3+ years....that means around three years from now, they are expecting sales to increase 150% from what they are now.
And while the new large contracts and sales ramp ups wont start (for the most part) till the June quarter; they are expecting a great March quarter (their fiscal year end qtr) for other reasons. In the CC they reitterated after being questioned about their guidance that they believed FY end 2013 (ends this coming March 30), will beat last years total revenue. If you do the math, that means an $11+ million quarter...their biggest in years.
Looks like selling could take her down further, and I'll be adding some at support levels.
The Dec qtr CC and accompanying slides are a must listen/see. The CEO is super confident, and slide #8 (I think) is pretty amazing...its their yearly guidance breakdown over the next three plus years.
Now, its always possible that the CEO is wrong. And its more then possible that their ramp ups dont go according to plan. But if the CEO is even close to being right in scope and timing of their sales ramp-up.....this thing is way undervalued.