SP- at least your memory hasn't failed you. You are absolutely correct in what I said. The latest report looks very good. Revenue, backlog, profit (YES-PROFIT), new products, new CROs are all good news. As Chrome knows I like small float stocks. But, at this point, I will probably sell some shares, up to 1/3, at a loss to reduce some gains I have.
Anyone else have any thoughts on the news?
BW said this: "Coming off our biggest profit quarter in the company's history, we wanted to give back this Holiday season,"
While not the biggest profit quarter, it was the biggest sales quarter. I truly hope he knows the difference.
within .50 of $13 seems to be it. Although a little early to call the base.
Assuming CVV doesn't get a giant order where they would have to issue a PR, then very early Jan will probably be the announcement regarding orders for the quarter. As mgnt mentioned, they expect over 12M.
rdp... speaking of keeping it real. I was hoping revenue would get to 2.5M in Q3 but didn't quite get there. My original projection was $3.0M for Q4...we'll see. I'm a huge long and believe in the product. Words go so far, the numbers are very important. The "financials" reporting format is abysmal. It makes folks not trust anything else. (Much like Obama's recent misspeak.) It takes NO effort to show very consolidated financial information. I could go on and on regarding what is incorrect/inconsistent. Not looking for audited numbers, but just some report even a low end bookkeeper could produce. Just venting.
the mind starts wandering when management says they expect orders for over $12M in Q4. Even if you discount that some of those orders will be spread out over a year or 18 months, one could easily see reported revenue increasing 50% in Q4 (or Q1 depending on how fast mgnt can turn the orders). If Q4 orders become a trend then future revenue could increase sequentially at a 20% clip in 2014.
Tee, I wrote my blurb based on the SEC filing and my interpretation was UGH. Now the regular press release is out and it reads a little more cheerful, expecially the paragraph before the one you cited above where they expect orders of about $12M this qtr. THAT is exciting. Q3 book to bill was 1:1nothing to sneeze at there. But Q4 and 2014 are indicated to be really good.
As you all know, I've been long on CVV for years now and continue to be. Let's see how this plays out. A couple PR on order status through out the qtr will help us longs too.
No separate earnings release as of yet, just the Q. IMO this says it all: "During the three and nine months ended September 30, 2013 we incurred approximately $623,000 and $610,000 respectively, of bad debt expense as a result of increasing our allowance for doubtful accounts due to the decline in the credit quality of a major customer, in the solar industry." This is the reason for the net loss this qtr.
I went on to mention about reducing orders from backlog for this customer.
Unfortunately another set back..