|
|
|
|
||
Re: Friday short volume Chart doesn't reflect the one time charges : Other expense for the second quarter was $1.4 million and was primarily related to the non-cash expense related to the fair value of warrants outstanding. Net loss for the second quarter of 2018, inclusive of the $2.7 million for the night vision products inventory impairment charge and $1.4 million for the warrant liability revaluation, was $5.1 million, or $0.11 per diluted share, compared to a net loss of $2.3 million, or $0.07 per diluted share, in the second quarter of 2017. The adjusted net loss for the second quarter of 2018 excluding the impairment charge and the warrant liability revaluation was $1.0 million, or $0.02 per diluted share. Also have to consider improvement in GM going foreword : Excluding the impairment charge of $2.7 million, the gross margin was 40% compared to 24% in the prior year period. Remember 1Q Lucas said our BE with expected normal margins was between $7.5m & $8m : Jeffrey P. Lucas, eMagin Corporation - CFO & CAO [37] -------------------------------------------------------------------------------- So I mean probably we're pretty good at answering this by now, since I think we've been asked in every earnings call that we have, justifiably. So we've indicated in the past that our breakeven is around $7.5 million to $8 million and that number remains there. I would argue that at this point, it starts of towards the higher end of that range, but as we continue to see our yield and operational improvements, that number be coming down to the lower part of that. -------------------------------------------------------------------------------- Nehal Sushil Chokshi, Maxim Group LLC, Research Division - MD [38] -------------------------------------------------------------------------------- So just to be clear then that's implying a 50% gross margin at that $8 million run rate, correct? -------------------------------------------------------------------------------- Jeffrey P. Lucas, eMagin Corporation - CFO & CAO [39] -------------------------------------------------------------------------------- Yes, a little, actually. I think not quite that 50% margin, but that's correct. But yeah we're guiding BE in 4Q 2018 while KOPN 4Q 2019 . |
return to message board, top of board |
Msg # | Subject | Author | Recs | Date Posted |
3747 | Re: Friday short volume | akimed | 0 | 8/16/2018 3:47:37 PM |