Look at the fleet employment page on their webpage, it does not seem like they agree with you. Almost the entire fleet is either spot or short term charters or index linked charters. Looks like Pappas has decided to tie his faith to the BDI.
I don't know. I am researching it. They keep talking about record bookings that they received in q4/2014. But these are not showing up in q1 revenues and they will not show up in q2 revenues either (according to management). It is a bit puzzling.
I did not notice that. That is why the stock jumped today. Good to know the market reacted well to the release. I will look at it in more detail.
Design engagement is a very loose term. It merely means that there some kind of conversation going on. I wouldn't give much credence and hope for design engagements and the mere fact that management spends so much time talking about them indicates that they are pretty desperate.
A design win is much more important. It means that their chip has actually been chosen for a particular design. But so far the design wins quik comes up with do not seem to ammount to much. They supposedly had five new design wins shipping the quarter, yet revenues were still falling drastically.
For free cash flow I am using information the Fairway CEO provided himself in the conference call.
It must be so nice to know the future. I only wonder how did you end up investing in FWM knowing the future and all.
Unfortunately I do not know the future, so I cannot dispute your claim about what will or wont be nicely positive this year. But I do know the past and I can tell you that last quarter free cash flow was negative and I do not see why anyone would buy this company.
Free cash flow was negative two million last quarter. So no they are not generating free cash flow.
FWM management must be total morons then, because they are losing over 8 million per quarter. But I agree with you, it is really a great deal "not considering debt." Problem is you have to consider debt.
You also have to consider the leases which are overpriced and held by insiders. Anybody coming to the market should be able to negotiate much better leases on their own and thus have no incentive to take over fairway locations. Unless there is a bankruptcy of course.
Try 800k revenue. And if they cannot make profits on the revenue it does not count for that much.
No it has nothing to do with quiklogic. The senseme app is downloadable today, while quiklogic's senseme library is being shipped on absolutely zero smartphones today. Therefore, the senseme app runs on other non-quiklogic chips and software.
No they didn't. From the press release:
"The Adjusted EBITDA margin was 6.2% for the fourth quarter compared to 6.4% during the same period of the prior year."
EBITDA margins went down by 20 basis points. (FWM only reports adjusted EBITDA).
That is a funny definition of the word "stabilized" you are using. Revenues decreased year over year even though there were more stores open this quarter. Same store sales were down 3.6%. Yet rents increased! Net loss was slightly better than last year due to lower severance and stock compensation costs, but it still stood at a massive 8.5 million dollars.