SNR 10q:
If i remember correctly the bulk of the $19m in contracts mentioned here first have to be delivered by year end 2004..meaning the 4th qtr of this year and 2003,2004 will be heavy with those shipments...then the 10q lists add'l programs/bids/contracts the company is involved with...for a SNR stockholder this is heady stuff:
SHIPMENTS FOR THE FIRST NINE MONTHS WERE HIGHER THAN SHIPMENTS FOR THE SAME
PERIOD ONE YEAR AGO DUE TO AN $810,000 U.S. GOVERNMENT FOREIGN MILITARY FUNDED
(FMF) DELIVERY WHICH REQUIRED A ONE LOT INSPECTION AND A SINGLE SHIPMENT AS
WELL AS CONTINUING DELIVERIES AGAINST THE COMPANY'S FIVE YEAR CONTRACT WITH
THE U.S. COAST GUARD.
BACKLOG AT JUNE 30, 2002 WAS $538,000 AS COMPARED TO $1,918,000 FOR THE SAME
PERIOD ONE YEAR AGO. NOT INCLUDED IN THIS BACKLOG IS A $600,000 SYSTEMS ORDER
RECEIVED FROM A MAJOR DEFENSE CONTRACTOR, PENDING A DESIGN REVIEW SCHEDULED
FOR THE CURRENT QUARTER AND CONTINUING INTO THE FOURTH QUARTER, TO DEFINITIZE
THE SYSTEM SPECIFICATIONS. ALSO NOT INCLUDED ARE PROJECTED ORDERS ON CONTRACTS
RECEIVED IN FISCAL 1999 AND 2000 IN EXCESS OF $19,000,000 FOR DELIVERY OVER A
FIVE YEAR PERIOD. $1,000,000 IN ORDERS ON THESE CONTRACTS WAS SHIPPED IN
FISCAL 2000, $2,000,000 IN FISCAL 2001, AND $1,600,000 TO DATE FOR THE FIRST
NINE MONTHS OF FISCAL 2002. THE LARGEST DELIVERIES AGAINST THESE CONTRACTS ARE
BUDGETED FOR FISCAL 2002 AND BEYOND.
additional items in 10q:>>>>>>>>>>>>>>>
PLANS CAPITALIZING ON OUR UNIQUE EXPERIENCE, KNOWLEDGE AND ABILITY AS A TOTAL
HIGH FREQUENCY (HF) SOLUTIONS PROVIDER IN LIEU OF THE TRADITIONAL ORDERS FOR
RELIABLE MANUFACTURED HARDWARE ARE YIELDING SUCCESS. BREAKTHROUGH ORDERS HAVE
BEEN RECEIVED FOR INTEGRATED HIGH SPEED HF DATA LINKS (TADIL/LINK 11) FOR TWO
STRATEGIC UNITED STATES AIR FORCE PROGRAMS, AND A NAVAL PROGRAM, REQUIRING
DELIVERY IN THE LAST QUARTER OF FISCAL 2002. THESE PROGRAMS HAVE FUTURE
REQUIREMENTS THAT WILL GENERATE ADDITIONAL ORDERS WITHIN THE NEXT FEW YEARS.
A MAJOR AIR DEFENSE SYSTEMS INTEGRATOR HAS ADVISED US OF THEIR SELECTION TO
USE SUNAIR FOR A SECOND CONTRACT TO DESIGN, TEST AND DOCUMENT THE HIGH
FREQUENCY (HF) RADIO CAPABILITY FOR ANOTHER INTERNATIONAL PROGRAM.
NEGOTIATION IS NEAR COMPLETION FOR THESE MULTI-MODE NETWORKS. THESE
ORDERS, WHICH ORIGINALLY WERE ANTICIPATED IN THE THIRD QUARTER, WILL
EXCEED $2 MILLION.
ADDITIONALLY, SUNAIR IS ON THE QUALIFIED SELECTION SHORT LIST TO DESIGN
HARDWARE, DEVELOP SOFTWARE AND DELIVER SYSTEMS FOR AN HF COASTAL STATION IN
NORTHERN EUROPE AND TWO MAJOR PROJECTS, WHICH HAVE BEEN IN DISCUSSION FOR
OVER THREE YEARS, IN THE PACIFIC RIM. OTHER SYSTEMS OPPORTUNITIES HAVE BEEN
IDENTIFIED IN AUSTRALIA AND TAIWAN WITH PLANS UNDERWAY TO DEMONSTRATE AND
QUALIFY OUR PRODUCTS AND CAPABILITIES IN COUNTRY IN THE COMING QUARTER.
WE WILL CONTINUE TO EXPLOIT THE COMPANY'S UNIQUE AND SPECIALIZED (HF)
ABILITIES AS A STRONG AND VALUABLE PRODUCT FOR LARGE DEFENSE SUPPLIERS.
THIS NEW VISION FOR SUNAIR OPENS OPPORTUNITY FOR EXPANSION AND INCREMENTAL
GROWTH WITH MINIMUM INVESTMENT OR BUDGET SHORTFALLS. THIS NEW APPROACH WILL
RESULT IN INCREASED SHAREHOLDER VALUE. |
