Matt,
FWIW, not that I am voting for or against 65% in 2nd half.
First half of years rev. = $58,223,000
* $58,.223,000 = 35%
* second half = 65% = X
* Q4 = X - $34,829,000 (Q3 rev.)
Solve for X:
* $58,223,000/ 35%
* X / 65%
so: $58,223,000 times 65% divided by 35% = X = second half = $108,128,000
Solve for Q4:
* $108,128,000 - $34,829,000 (Q3 rev.) = $73,299,000 in rev. left for Q4
Top down:
* Gross margins should be higher due to more ODM work in this Q.
* Op. Exp. as a % of rev. less U-tel cost that won't be in Q4
or break it out even further (by SG&A, R&D, etc.)
* Other income added in
* Income tax close to same rate as Q3
* etc. etc.
* 19,600,000 common shares (maybe another million buy back by end of Q4).
Matt, 1.43 eps plus Q4 using the above supports your $2.56 as a ball park, IMO. I missed my numbers on Q3 by U-tel and Girl tech, but my revenues were off as well. Sounds like some of it may have been inventory for Q4. Anyway, it sounded very clear that Q4 is 560,000 units per week plus inventory with higher margins.
BUT, that is 65%. Look at 60% and 70% as well.
Now that I've missed one, I think I will pass on any hard estimate for Q4. CC was very clear IMO, so with 3 of 4 quarters behind us, the math isn't to hard.
I'm fired !!! You SOB, you can't do that to me... Yes I can, I'm fired!!! Ya, well I can't fire me, I QUIT!! Take that! |
