The stock price is likely a head fake but a pretty big one. You would think the CC was horrible like the last one.
It's just as they said last quarter. Revenues projected to come in around 25 mill in the next two quarters with no specific guidance and a proactive stance will be taken. Expect hiring to be up with revenues coming in the 45 million to 49 million area and a very good year as profitability is the key.
Last quarter on the CC they completely changed their stance from before the CC as its a sure thing and revenues were going to be up sequentially every quarter to the surprise the Q2 was going to be down but things would improve once again in the second half.
The fact that they reiterated that things would improve in the second half and sequentially is very bullish.
I am surprised I could get shares for 1.10 this morning and was flabbergasted the stock went below a dollar on what could be considered quite bullish for someone closely following the company.
Really? You heard things wrong. Let me rephrase what they said on the CC so you might be able to comprehend it worded another way.
They expect to hire more but if revenues don't they will hold back on the new hiring.
This is from the transcript:
Hi, Kevin. This is Ziggy. I think that that our -- the non-GAAP operating expenses will be up slightly in the Q3 and we hope that they will go up in Q4 as our revenue numbers show. But they go -- again, we will hold back on the highering.
The rough quarter is over and we can expect sequential improvement as SMSI pulls in 25 million or more in the next two quarters. Sellers today are doing so blind of the CC. SMSI will be up by the end of the day as much as it is down right now.
I heard a rumor that Cortana the "Her" voice of windows 10 or Siri of Microsoft and all Microsoft consumer products may be editable with a scaled down version of a Smith Micro graphics software. This would be nice in the unlikelihood it is true. Microsoft is pushing the human like voice to make people truly "fall in love" with their Microsoft software run devices.