To the thread:
Hi folks. I just spoke to Doug Kelsall, CFO at TPRO. I was not taking notes and so I cannot vouch for the absolute accuracy of everything I report. I suggest a couple of you call and verify what I report, but I will try to give it to you as I got it. You can reach him at 303 771-9794, ext. 104. You will most likely get his voice mail--just leave your name, say that you're a shareholder and leave your number and he should return your call.
When I asked about earnings, he would say absolutely nothing. However, I did ask about revenues and he did say quite clearly they would be about the same as last Q, perhaps a bit higher, although they would include some Y2K revenues. He said you cannot necessarily tell a lot from revenues since the margin on labor is very high and the margin on materials only 7-10%, so it all depends on the mix.
I asked him about employees and he told me yes, they had hired about 30 more so far this Q (I assumed most were engineers).
I asked about contract signings and announcements and he did not want to say much, except that more contracts had been signed and that they were still in talks with multi-plant companies.
I asked about NMS listing and he said that TPRO had recently received a request for information in regard to a couple of items and that they had responded promptly and were once again in waiting mode. He said they (Nasdaq) were probably quite busy and he could not tell how long it might take. Nasdaq might ask for more information or they might not. But the process is moving along.
All in all, he sounded upbeat and was very personable and pleasant. Of course I was not happy to hear that revenues would be basically the same. Perhaps he was just lowballing. I asked him if he was confident that TPRO was moving along well toward profitability and he said yes.
That's it guys. I suggest others call, verify and post.
Andy |
