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Re: dilution 

By: tkc in ALEA | Recommend this post (1)
Mon, 14 Jan 13 8:02 PM | 103 view(s)
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Msg. 12459 of 54959
(This msg. is a reply to 12384 by tkc)

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The absence of discernable financing leads me to believe WAVX Q4 rev will exceed $10.5M. Some financing may have come from ATM, exercise of warrants and the employee stock purchase plan - not very significant in total. That, plus some continued reductions in Op Ex, consideration for non cash expenses and/or extending A/P would still be required even at $10.5M to account for no PP. At any rate, Q4 surely is much improved which accounts for the recent SP appreciation. And maybe, just maybe Q4 rev will be substantially higher.




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The above is a reply to the following message:
Re: dilution
By: tkc
in ALEA
Thu, 03 Jan 13 10:52 PM
Msg. 12384 of 54959

Wave likely still has a little time to obtain financing if they need it. Recall it was early in Q4 that they obtained the $3.3M. Q4 has frequently been a good Q for Wave. As of now I'm inclined to think Q4 rev is at least $8.5M. They lost $6.1M on $7M sales in Q3. I'm guessing they reduced head count / Op Ex by $500K. (for reference Op Ex Q4'11 through Q3'12 was 15.2, 14.9, 13.7, and 12.6 in Q3'12)

$8.5M in rev at 95% gross margins would yield ~$8.36 gross profit, less 12.1 Op Ex is a $3.74 loss. Big improvement! If they don't go for more financing in the next 2/3 weeks I'll speculate even greater Q4 sales.


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