Douglas, I have been going over some numbers and wonder
what your take on this is. Last quarter AFLX had 39,628,000 in
gross revenues. They said that their revenues would be down
18% from last qrts. which would be 32,494,960 in gross revenues
for this qrt. Last qrt. they had gross margins of 11.5% excluding
the one time charge, so I will use that number again.
Using that number I come up with gross profits of 3,736,920.
Now assuming that total operating expenses stay the same as
last qrts. (they were 4,699,000 by the way), that gives us a loss
of 962,080. Divide that by the number of outstanding shares
which is 8,928,000, and we come up with a loss of .1077 cents
for this qrt. The only way I see any better number than that is
if gross margins are better than 11.5% and total operating
expenses are lower, but in no way do I see only -.03 for the
qrt. Your input on AFLX is always appreciated. Thanks. Robert |
