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Technology Stocks : FirstWave Technologies (FSTW)
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To: Mike M who wrote (7850)2/4/2003 8:43:29 PM
From: Oeconomicus  Read Replies (1) of 9677
 
There certainly was plenty of revenue to make .40 cents.

Yeah, if you assume away a half million plus of expenses, they did just great. LOL. Maybe they should report proforma numbers.

Mike, you didn't really expect them to sustain the kind of margins they had in Q1 last year, did you? Or even Q2 and Q3? Nope. Sorry, but I told you they wouldn't. Funny how it works, but when almost all your revenue comes from one huge windfall project, your margins are fatter than when you have to go out and find a whole bunch of smaller customers.

BTW, was there any comments about how many new customers they signed in Q4? I'd like to compare it to the five -oops- seven (I keep forgetting to count the ones not paying anything) from Q3. ;-)
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