First part of turnaround was cost cutting - done
Second part of turnaround - stop declining sales
Third part - grow sales, continue cost controls and therefore become profitable
I expect we are close to second part of turnaround. Therefore, I expect sales to roughly match that of a year ago - about $4.1 to $4.2 M with loss of about a penny a share. If so, this would mark the end of sales declines and position the company for growth in 2014.
that over 1 million in sales from the previous quarter ,, over 33% sales growth in one quarter is unrealistic given jones is in survival mode and does not have the capital to grow the company , that is highly unlikely to happen today ,, my guess is next year sales will bottom then we will see if theres any growth , and more like 10% growth would be realistic.on a yearlt basis.
Q3- declining YOY sales ,, bottomline close to breakeven , maybe a slight loss like last quarter