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Biotech / Medical : ACMI - Accumed Inc.
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To: george who wrote (399)10/30/1997 7:54:00 PM
From: Frank Buck  Read Replies (1) of 1894
 
Earlier in the third quarter, (8/19/97) AccuMed Chief Operating Officer and Chief Financial Officer Leonard Prange said he was comfortable with a full-year 1997 revenue projection of $20 million to $25 million. He said the company should reach about break-even in the fourth quarter.

Providing the uncommitted third quarter "contract negotiations" are "pushed" into the fourth quarter, the $20 M to $25 M revenue projection seems realistically attainable.

Nine months of sales for 1997 = $ 14,157,306 and they are making an effort to keep costs down.

The number that the street was looking for is {.06} and if you recall that was revised down from {.04}. We all know what has happened to companies for missing estimates by a few cents. The question that puzzles me is, if management knew that the numbers were going to be off that much why weren't they in talks with the analysts sooner?

I am not sure what effect these numbers will have on the stock price,
especially on Halloween. This is two quarters in a row that estimates
have been blown by 100% or there-about. I am and have been in for the long haul. I would reccomend the same.

Be prepared for some encouraging press releases to soften the latest earnings. I am sure that the earnings release statement timing has been orchestrated to coincide with more up-beat news to follow. Hopefully all the bad news is behind and all the good news ahead. After all the third quarter is already a month gone. That is a backward looking indicator.

Remember, "...we continue to be optimistic for the future."

We shareholders can only hope that they mean that in the truest sense
of the phrase.
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