I think if people know how to read a balance sheet and see $3.5mm in "unearned revenue"...What that means is that they have already been paid for $3.5mm of work that has not yet flowed through the income statement and this jibes with the large sale that they said was put off from Q2 to Q3 so they should more than make up any revenue shortfall in the current quarter and the proof lies in that accounting entry. However, many people haven't taken Finance 101 and may not realize it. If you are a long-term investor any drop below $8 is a HUGE buying opportunity. They raised the dividend to $.10 which is a $.40 annual rate. Go get 5% on a stock with the growth potential that EVOL has.....difficult to do.
I think it will likely open lower as people digest the meaning of what was reported.
Once they understand that the dividend increase is specifically because of growing/strengthening business the remainder of the year, then the price will firm and go higher. The shares should go to $10, but it may take a few weeks to get there.