And I guess the lower gross margin of about 5.7 percent which shaved off about 3.7 million in gross profit, plus an extra 11 million or so in R&D expenses, 2.5 million in interest expense where there was none last year, and about 2.3 million in various acquisition expenses where there were none last year, has little to do with it. If you take out the 7.7 million from operating expenses, opex still went up about 8 million. Its not just stock compensation as you imply.
He also said "we have to stop meeting like this." as in stop asking about apple. He gets asked about apple every time he goes on CNBC and appears to be getting tired of it.
Short covering supports the stock price. Short interest showed an increase up to 7/15. I would be interested in about two weeks to see what the short interest did going into the CC.
First off ten percent is just a number the FASB (financial accounting standards board) picked out of the air. A customer can be less than ten percent and if material to the business must be disclosed. Secondly a concentration of customers or industries if material must be disclosed. Amazon could possibly NOT be material this quarter BUT EXPECTED to be material NEXT QUARTER and they DONT have to name amazon UNTIL NEXT QUARTER. Apple has very stringent return policies. Based on those policies many apple suppliers I follow cant include apple revenues UNTIL apple sells the phone or Ipad or whatever to the end user. Hence INVN could be shipping millions of chips to apple and still have to include them in inventory and not sold until apple informs them the chips were shipped to apples customers in whatever the customer bought. Have you actually ever read the INVN financials from cover to cover and understood all the financial note gobbledeegook??
How do you lose your money not being in a stock exactly?? By that logic I lost a couple trillion dollars over my life not picking the right lottery numbers, stocks, real estate and on and on. I feel really depressed.
I don't think amazon was listed last time as a ten percent customer and would be curious if they were listed this time. We are in the fire phone and that is who I think the 10 percent customer is and the reason for the inventory build.
If not, there is your ten percent customer and probably the reason for the inventory uptick as the fire phone is adopted.
all the new faces who showed up here dump their shares for the short term traders they are, we get some type of a pull back and can concentrate now on the second and third quarters that will be really important. Without reading the CC, this just seems to be a replay of the fourth qtr CC except they made their eps and beat on the top line a little. Nothing to get too excited about but nothing terrible. Probably the best that could realistically be hoped for really.
The problem is at this price, apple is critical to getting the next leg up in the stock. I think some people made the bet at 27 that hey new 10 percent customer is apple. That might have been quite a misstep.
Somebody post an abbreviated edition of the highlights. I cant listen to the CC until tomorrow.
Its treading water. Just from my observations on the AH price action, wasn't a terrible CC but wasn't all that exciting either. I see some potential retracing as gains are consolidated going into the second quarter.
It looks like somebody pulled the trigger on a possible new 10 percent customer and that was the big pop. I don't see it hitting 28. That's pretty ambitious.
I think you have it backwards. They converted options to shares and then sold the shares. What always concerned me is that the CFO and VP of sales apparently own no stock.
But I am hearing lower margins. From what I can see its a goldilocks guidance, not to hot not too cold, just about right. So now I think the buy point is the 100 day average of 20 bucks. There appears to be confusion on the ten percent customer issue too. One or more?? Confusion is never good for a stock.
If that's the case, and that's what was said then NO they don't have apple yet. I said their best chance was in the Iphone 6 OIS. The firephone has OIS so I imagine apple will have to go to chip control like amazon. Again I have posted this many times before. The way to buy this is to buy it like they will get every phone, wearable manufacturer in the world EXCEPT apple. If they do get apple then that's just the cherry on the cake.