"So, what's your point? "
My point was cash declined significantly. I thought that was clear. Can't you read?
A/R is likely way up, which would explain the difference between the loss and the cash drain between 1st and 2nd quarters.
Good idea. However, they don't list AR on the June balance sheet, just non-cash current assets of $4.6 million. So, I looked up the March Q release on their web page, but they didn't include the financials, so I went to Edgar, and it looks like they had non-cash current assets of $4.86 million at that time, basically flat with this Q. That $4.86mm consisted of (AR - $1.22mm, Inventory $3.05mm and prepaid expenses of $0.59mm) So, perhaps AR is up, but inventory is down? Either way is sort of strange, unless they were carrying way too much inventory last quarter and burned through it this Q since sales finally went up.
Now, for a person who predicted $2MM in 2Q revenues on the yahoo board, you should be ecstatic that GSII exceeded that number by 40%.
Yup, revenues were impressive. Ecstatic may be a bit of an exaggeration, but the revenues is ramping!
Meanwhile, go have some sauerkraut...
Elroy |
