Nautilus, Inc. (NLS) on August 6th reported its un
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Posted On: 08/09/2012 11:24:12 AM
Nautilus, Inc. (NLS) on August 6th reported its unaudited operating results for the second quarter ended June 30, 2012.
Uncertainty in the NLS financial guidance for the reminder of the year 2012, stated by Bruce M. Cazenave, Nautilus's Chief Executive Officer, caused a negative market impact for Nautilus stock:
We believe that the improved operating results we experienced in the first half of the year are not indicative of likely results for the remainder of the year
NLS shares dropped for almost 30% in two trading sessions. Profitable company with over $16 million cash in hand, $188 million annual revenue and minimum debt doesn't deserve market capitalization below $75 million. Watch it for a bounce.
Financial highlights at this link
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