they bought bummed out competitors mainly to access their remaining cash positions and to a lesser extent enter new markets but clearly this was an ill-fated strategy.
that's no real loss - they have the upfront costs but harvest the cash over the lifetime of the leasing arrangement. That's just the way leasing works. RGSE leases nothing, they just do project work so far. And they lose REAL money.
nice one - while revenues will come in significantly higher than the one analyst estimate (most likely due to the inclusion of 6 weeks of Sunetric revenues) the latest acquisition spree fires back on the company quite rapidly. Obviously legacy projects brought heavy losses and the need to impair the ENTIRE goodwill of ALL acquisitions made within the last twelve months. The charge will eat up the remaining shareholder equity on the balance sheet and leave the company in dire straits.
The Company expects its net revenue to be in the range of $34 to $36 million for quarterly period ended June 30, 2014, compared to $20.7 million for the quarterly period ended June 30, 2013. The Company expects its net loss to increase significantly for the quarterly period ended June 30, 2014. As a result of its negative financial performance, the Company is evaluating the fair value of its goodwill and other assets as compared to their carrying values. Because the Company has not yet completed its purchase accounting for its business acquisitions done earlier this year, the Company has not been able yet to complete this impairment evaluation, but anticipates it will record an impairment charge in the range of $18 to $20 million. The Company estimates that its net loss for the quarterly period ended June 30, 2014 will be $20 to $22 million, compared to $2.9 million for the quarterly period ended June 30, 2013.
NO institutional buyer would ever touch this reverse merger scam. The company has a very murky history and shouldn't be touched AT ALL. Interest costs are up substantially due to the new wholesale strategy which will ultimately fire back on the company once the oil price picks up volatility again.
estimated por-forma net income effect just around 15%
a poor deal - shorted a huge amount of shares
I guess MNST management knows exactly why they don't hold a conference call to discuss this ill-fated transaction. Would expect several downgrades tomorrow for MNST.
Coke unloads its struggling energy drink business onto MNST and pays a $2 bln penalty in return - AND takes away all the non-energy brands of Monster leaving the company a one-trick-pony. Sell.
this order has been incorporated into backlog projections for more than four months now and still has not materialized. Even if they manage to close the deal it would just help them to perhaps reach their own projections. In fact they took in orders for a measly $7 mln within the last four months
VERY WEAK bookings indeed but no guide down YET - very poor conference call with Andy telling the same old story. Air liquide seemingly already lost interest in the Hypulsion joint venture and some nice technical issues with older (and newer) fork lift trucks. Service margins still a shame, break-even postponed at least one quarter. Shares should be down double digits once investors digested the well disguised disaster.
no - actually I don't. They disclosed bookings of above $80 mln in April and now they stand at $87 mln. Pretty telling I guess. Service margin break even postponed and Air Liquide seemingly wants to exit the Highpulsion JV
same old same old
again - this is no backog s evidenced by the poor conversion figure of just $60 mln over a FULL calendar year. When applying a $15mln quarterly run rate to the new MSAs it would take close to 5 years to convert all the guesstimated current MSA backlog to revenues
this is NO backlog - management should be put in jail for this - the company GUESSTIMATES the backlog out of the MSAs. The revenue might never be realized or spread over a 20 year time frame as evidenced by the poor backlog conversion figure of just $60 mln for the next year.
you must be joking - the shipment guidance for Q2 fell far short of even the most pessimistic expectations. The new strategy of focussing on higher margin business might propel gross margins in the short term but will ultimately result in heavy market share losses and further reduced pricing power going forward. Given these issues the company remains uninvestable for the foreseeable future. Cash flows also a cause of concern once again.