There are quite a few things to be worried about w
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Posted On: 03/30/2017 4:30:07 PM
There are quite a few things to be worried about with today's release of the latest financial results.
China has failed to launch, as of yet.
International revenues were up only 4% year-over-year.
String of sequential revenue increases has been broken.
$6.3 million of revenues in Q4 is below the $6.7 reported in Q3
No real progress in the military channel to report.
Net loss for the year up $800,000 to $3.4 million from $2.6 million
Non-GAAP Adjusted EBITDA* loss of $1.2 million compared to a loss of $524,000 last year.
The revenue number for FY2016 was much lower than many, including us, had expected.
We were looking for an increase of at least 50% over last year. That didn't happen.
The company is currently without a CEO and we most likely won't see any major progress until a new person is named to replace Gerry David.
Expect sellers to show up tomorrow morning and into next week.
A return to $3 is possible.
China has failed to launch, as of yet.
International revenues were up only 4% year-over-year.
String of sequential revenue increases has been broken.
$6.3 million of revenues in Q4 is below the $6.7 reported in Q3
No real progress in the military channel to report.
Net loss for the year up $800,000 to $3.4 million from $2.6 million
Non-GAAP Adjusted EBITDA* loss of $1.2 million compared to a loss of $524,000 last year.
The revenue number for FY2016 was much lower than many, including us, had expected.
We were looking for an increase of at least 50% over last year. That didn't happen.
The company is currently without a CEO and we most likely won't see any major progress until a new person is named to replace Gerry David.
Expect sellers to show up tomorrow morning and into next week.
A return to $3 is possible.
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