dmx, thanks so much for pointing out my error. Q1 2012 sales wer $3.9M and loss was $1.7M or 5 cents/share. So I'm inclined to believe your prediction and bald's prediction of sales in the $3.5M range and loss of a penny a share. If so, that would set us up for a profit in Q2.
Yes. My expectation is for small loss this Q. I defer to JC on lack of need for new cash per last CC.
I also think there is distinct possibility of profit during Q2 but I will wait on Q2 prediction until I see Q1 results. What i am looking for from other posters is refinement of this estimate. The best use of these boards is collaboration.
REED has issue with cost control. They need enormous growth to achieve profitability. Maybe they will get there. Also the one analyst that covers REED will not release his reports to the public (only institutions). If JSDA achieved a fraction of REED growth it would be a multibagger. Ditto for REED if it achieved JSDA cost control.