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Biotech / Medical : BioLase Technology, Inc. (BLTI)

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To: twentyfirstcenturyfox who wrote (698)5/18/2004 10:51:13 AM
From: semi_infinite   Read Replies (1) of 706
 
You're welcome. Correct about Q1 CF. I use the yearly numbers because CF fluctuates seasonally -- depends on the frequency of dental shows. There were other things this Q1 like PAClive purchase, more rental space, secondary, sales bonus (I believe CEO and SVP gets cash bonus based on sales above a threshold), increased European effort etc...

Summer time seems to be the lull in shows so CF goes up. If one assumes 15% before tax margins, 70 million in sales should get them to 40 cents/share CF on a yearly basis. I think that's achievable even if growth slows to 40% and I have been looking for that slow down for 2 years. IMO any change in growth rate will be gradual especially since recurring revenue will become more and more significant. So far the growth, even without significant recurring revenue, has been consistently in the 50-60% range. Remarkable.
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