Also, here's an interesting puzzle: When DHTI's quarterly
report came out, it was assumed that the .17/share earnings
included the full 3 million dollars from the licencing pact
with Sunquest. Yet, here's what the official 10Q report, which
was placed online (on May 6 or 7) in EDGAR says:
"Contracts receiveable as of March 31, 1997 increased $1,715,000
to $2,408,000 as compared to the balance of $693,000 on
December 31, 1996. The company entered into a licencing
agreement with Sunquest resulting in initial licencing fees
receivable in three installments of $1,000,000 each. The first
installment was collected upon signing on February 7, 1997. The
remaining two installments are due no later than February 7, 1998
and February 7, 1999, and as of March 31, 1997 had a carrying
value of $1,798,000. The remaining change is attributable to
scheduled collections on monthly installment receivables from
radiology information system customers."
So, my conclusion is that Dynamic exceeded the .03 estimate
even after discounting the initial one million dollar licencing
fee from Sunquest. Am I missing something (maybe that's why
estimates were raised after the quarterly report came out)? |
