>>$25,000,000 REVENUE... Based on 300,000 units per week
vs. Q4 400,000 units per week. I choose this method in
hopes of better accuracy then using # of workers. CC
indicated levels were 300,000units/week and I would assume
the first thing to be cut was overtime, then workforce. The
number of workers are, for the most part, the same as at CC.
Also accounts for 10 weeks vs. 12 weeks of sales in Q1.
54-56% GROSS MARGIN... Down from Q4, mainly due to
assumed less use of written down inventory from 1995-96.
This should effect the Casino line and as expected will bump
the margins down. This was 3.6% of Q4's 60% GM so 56%
seems reasonable.
$14,000,000 NET REVENUE... Based on 56% GM
20% OPERATING EXSPENCES... As a % of revenue.
* 17-19% SG&A... As a % of revenue. Up from 15% in Q4 but
less then Q1 97 19.5%. Radica is doing it better but there may
be some cost for advertisement and increased commissions.
*$600,000 TO $700,000 R&D... Has increased from a year ago
due to new games and new categories of games. I do not think
R&D can be done as a % of revenue and gut felling is that it
will not be as high as Q4 was.
$800,000 OTHER INCOME AND INTREST... Could go higher
due to Radica must have more cash on deposit than ever, as
well as, higher interest rates on their accounts over seas.
This is Q4 rounded off.
$9,550,000 NET INCOME... This does not factor in Tax
or any cost of expansion. Taxes were covered by David
some time back and I am of the impression that they will
be negligible this quarter. Cost of expansion is about
$0.15 eps on the year so 3.5 cents per quarter to 5 cents
over 3 quarters to its completion by Q4.
20,680,000 COMMON SHARES... Due to options this
number now varies but it was thought that it should be
returning closer to normal in Q1. Does not account for
any stock buy backs as well.
$0.46 EPS Q1 1998
$1.70 52 WEEK TRAILING EPS POST Q1
Just thought I would repost Wayne's EPS estimates for the
lurkers. David, I know that in general, companies can state
whether they are comfortable or not with analysts estimates
of quarterly EPS. What are the rules when a company has no
analyst? Can we nominate Wayne? |
