After listening to the call...still gotta go thru the filings
Ivan started the call off basically saying the industry slowed down and they did not meet their forecasts. I like this b/c I believe he's the first CEO who actually is taking responsibility for the disappointment in revenues
900K in one time cash items that are not reoccuring
Doug Stovall says he sees a pickup as they go through the 2nd quarter and the fiscal year
Ivan says 2nd quarter is off to a strong start
End of calendar year breakeven whereas they were saying August for awhile now
Doug Stovall said a lot of "ums" and seems to be unsure of things. I don't like it when a COO doesn't know how many new customers they got off the top of his head or doesn't seem to know what is going on with his team
4 fortune 100 brands account for 26% of revenues which means each one did about 350k in the quarter...for fortune 100 brands this is less than a rounding error so it doesn't really speak much when people are giddy over this
9.5-10 mil quarterly revenue breakeven point
Already drew 1 mil from LOC. I don't see how they're going to make it without another cash injections from somewhere. They are cutting it perilously close and basically have little margin for error. The cash situation is by far the most worrisome issue.
As far as the stock tomorrow, I think lots of people were disappointed in the 5.9 mil # so I think we'll sell off over the next few days to the year low range of .27. What is interesting is that volume really picked up this afternoon and drove the price above .4. Question is whether those people were looking for a surprise (hey it has to happen eventually right?) and since they didn't get it they'll sell off for a small loss.
Anyone wanna bet on the closing price tomorrow?
And for kicks how about next Friday?
My guesses are .32 tomorrow and .27 next Friday (i also thought the stock would be .10 in April).
A rise in DSO does not mean that Augme's customers are not paying their bills.
What it means is that Augme (HC) is offering them more lenient payment terms. It looks those terms have gone from payment within 60 days of invoice (sale) to 90 days.
Why this is happening is a good question.
AUGT has made a lot of otherwise intelligent investors look like fools. Great space, great technology, very poor execution, bottom line. Mobile Marketing/Advertising is no longer in the infancy, far from it. AUGT will have to dilute again, not even a question....to save the company... reverse split it 10-1, then get everything you can with the next dilution (I've already said this ad nausea) to add stability...get listed on the AMEX...these 3-6 million offerings every 4 months do nothing but continue to decrease market cap without adding any investor confidence - go get what you need for Christ sakes...then expand. By the way Ivan this time last year was touting dinosaur deals in the 7-8 figures, so he is not without blame...where are they?
Many hate the 10 to 1 RS idea but I support it. Yes it will kill current shareholders but they are DOA anyway. IF they do as you suggest and get enough money and get listed on a real exchange the wiped out shareholders should crawl back to zero which is far better then they have now. I think they need to raise 50 million.. Now they can get some respect.