Here is how i would figure the bottom line to MRPS based on this contract alone.
>>Microphonics is guaranteed 3500 111RCK units over 24 months beginning June 1, 1999. The units are delivered and invoiced at the rate of 146 units per month. This contract brings Microphonics in
excess of 5 million dollars in 24 months at the rate of over $211 thousand per month.<<<<
These monies, in my understanding are "gross profit" numbers AFTER cost of product = $1,445. per unit sold as gross profit. On a yearly basis that's $2,532,000 – estimated 50% internal overhand and expenses/ taxes = $1,266,000 = .12 cents a share on a yearly basis.
Given the .27 cents a share figured previously ( althougha good case can be made that it is .35 cents) on what was mentioned in last release (and assuming 6 months delivery for 1999) we get +.06 cents added to .27 = .33 cents for 1999.
Again, the above is not counting (since we dont have figures), NASCAR, Army Corp of Engin., Delco, or most of what is possible from GM plants, nor future contracts, yet undisclosed.
So, extremely conservatively, we are over .33 cents per share for 1999 x a very conservative 15 PE = $5.00!!!!!! share value minimum.
Joe-MA |
