<< Too bad they didn't make any money selling computers!>>
I do not understand your comment. If you have watched MEUI for any length of time, you would say...
"Finally, they are making money selling computers again". Look at the numbers..
______________________________________________________________________
Net sales: PC systems $ 316,825 $ 390,498 $ 1,496,563 $ 1,528,304
SpecTek memory
products 22,197 38,330 95,146 137,511
Contract
manufacturing - 84,269 141,723 289,968
---------- --------- ----------- -----------
Total 339,022 513,097 1,733,432 1,955,783
Gross margin:
PC systems 69,356 63,726 183,155 259,473
SpecTek memory
products 5,823 12,369 21,401 44,876 Contract
manufacturing - 10,004 17,598 33,397
---------- --------- ----------- -----------
Total 75,179 86,099 222,154 337,746
______________________________________________________________________
The quarterly numbers are the important numbers. We all can
acknowledge that MUEI was floundering until Joel stepped in. What I
like is the gross margin of the PC business is higher this quarter
than a year ago. Even though the revenue is less, ($316,825 vs
$390,498) the gross margin is higher ($69,356 vs $63,726). This
combined with the lowering the inventory numbers is positive. Joel
has focused MUEI back to the direct model.
In response to your questions about the decrease in assets from the
previous year... assets went down with the sale of the Contract
Manufacturing Group. MUEI has also closed most of their store fronts
that they had.
I read this as a positive quarterly/year end report that signifies
the company's turn around and focus.
Go MEUI! |
