10 cents per share EPS for third quarter is a possibility
2 cents earnings second quarter on lower revenues, now SGA expense declining from 1.5 to 1 million per month. Add 1.5 million in quarterly expense savings, plus higher revs and another 40 k in savings for closing down NY, you could be looking at $1.8 million not in EBITDA but in earnings for 3q alone!
Don't take my word, listen to the call or read the transcript it is all there to see. The fun has just begun.
The float is 18M while shares outstanding is 23M so you're(and I stress you) seeing maybe 8 cents per share earnings. Plus take a closer look at the 2 cents earnings in Q2, you have to back out the discontinued operations earnings of 283k. You will not see 1.5 million in quarterly expense savings in Q3 from Q2; but you will see some. All in all Q3 is going to improve on the top and bottom line from Q2, but not to the degree you are thinking.