Earnings close to what we predicted in post #721
In post #721 on April 19 we estimated the earnings would show the
following:
Q1 revenue: $7,000,000
Gross margin: 47%
Income before indirect costs: $3,290,000
EPS: 0.04
Actual earnings released @8:23 a.m. this morning reflect:
Q1 revenue: $6,753,000
Gross margin: 48%
Income before indirect costs: $3,238,000
EPS: 0.03
Jalali, was correct in predicting yesterday that an additional $500,000
plus would be capitalized as 'investment in product development'.
Total amount capitalized for the Ardes 2K product now stands at
$1,791,000. Last year the company 'estimated' that they would
defer only $1,500,000. As I am sure Jalali will report seperately, DDIM
would have shown a loss of several cents per share this quarter had they
not deferred an addition $543,000 in expenses. |
