~Revenue of $19.1 million
~GAAP net loss for the second quarter of 2013 was $(8.7) million, or a loss of $(0.12) per share
~Revenue is expected to be between $16 million and $18 million for the fiscal third quarter of 2013.
~GAAP net loss for third quarter of 2013 is expected to be in the range of approximately $(9.2) million to $(11.5) million, or a GAAP loss per share of $(0.13) to $(0.16).
Anybody seeing ANYTHING POSITIVE here is goofier than TechPimp. (ROFL!)
The immediate reaction to today's earnings announcement will probably be negative. The stock price will go down. Anyone who really does any degree of research on this company and this stock will know that this constitutes a buying opportunity. The stock WILL climb 70% to 130% in the next year to year to two. This is a great company with a great product. Profits will start and now is the best time for serious long term investors to buy in. If it drops in the next week or two to $1,16 or lower I intend to invest at least $100k
Buying opp my #$%$.. Most telephone companies moving to wireless for the last mile.. 4g , lte , tablet explosions and iphones.. This company about to be struck down by a technological revolution in which copper disappears... Too costly to maintain and they don't have any products to compete with lantiq and alcatel and zte and broadcom. the tallwood ventures..gamble didn't make it this time.. Time to bail....