Thermal Control Technologies Corp TCT (was Redux Energy) Message Board

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Gold/Mining/Energy : Thermal Control Technologies Corp TCT (was Redux Energy)

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To: Cameron Schuler who wrote (749)	4/29/1999 12:58:00 PM
From: Saverio	Read Replies (1) of 1208

Cameron: here is what I meant (viewed from 33000 feet): From my earlier - partially incorrect - note: ""3) Net Income, on a discrete quarter basis: fiscal 1st qtr 98: $600 K fiscal 2nd qtr 98: $474 K fiscal 3rd qtr 98: $463 K Starting to be taxable fiscal 4th qtr 98: $-428 K Cogs at 60% plus December Debenture Pmnt fiscal 1st qtr 99: $376 K fiscal 2nd qtr 99: $ 5 K Relocation costs plus June Debenture Pmnt fiscal 3rd qtr 99: $471 K"" Typical net earnings for discrete quarters tend to be in the order of $400-500k, except: - fiscal 4th qtr 98 at $ -428k, of which about $300k is due to a high cogs, a portion ($100-200k?) to lower revenue, and I had incorrectly attributed the balance to debenture payments. As this last factor is not in play, I was wondering whether any other special item might have impacted earnings negatively. - fiscal 2nd qtr 99 at $ 5k. The shortfall is partially due to $270k extraordinary relocation costs. As the debenture payment has no impact, I was wondering if there was any other special item. I realize that it is not realistic to expect consistently similar earnings from quarter to quarter. I am however attempting to derive in that way some understanding of the progress of the company, as there currently are no other available measurements for that purpose. Cameron, any readily available explanation for the "perceived (by me) shortfall" in these two quarters would be welcome, but please don't make a big work out of this...it may simply be due to a large number of small items. Cheers, Saverio

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