Neil,
You state -
<As it is estimated that Presstek currently receives a profit, after third party expense, of approximently $3.12 per plate, then revenue to Presstek should exceed $32,448,000 in DI plate sales only. This represents $1.00 per share revenue, before other company expense and tax.>
From the 10Q for 2Q 1998 -
<The revenues generated from the sale of the Company's PEARLdry and other consumable products were $7,809,000 and $13,884,000 for the second quarter and six months ended July 4, 1998.>
Take the $7.8m from last quarter and multiply by 4 and your number for consumables is right on, but doesn't it worry you that Presstek is only able to generate $0.02 from it. I seem to remember the battle cry from a year or two ago was 'Wait for the plate sales. The plate sales! Wait til you see the earnings from the plate sales!'
Now Presstek is starting to gear up the plate sales and they can't generate more than two cents. Doesn't that worry you?
Brent |
