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20:46
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Originally posted by muppet655
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Or a 20% miss if one takes the lower end. It's easy to miss targets when you have 4 or 5 companies in the early stages of their interaction, especially when the projected income is heavily loaded to the end of the reporting period, only one delaying a small amount and the numbers slip. The reality today (8 months from the end of the year) is that there are 25+ customers adopting AJX FR solutions, the company is confident enough already to state $18.5 million and that was before recent other customer/contract wins. It's one thing to imply that the company is fudging the numbers a small but believable amount to make the picture look rosier than it is, it's another to suggest that they can state a 30-60% margin and get it so wildly wrong that they end up with unsustainable cash burn. In fairness I don't think the company stated profit yet, I'd be more than happy with cashflow neutral (or approaching it) this year with ongoing/accelerating business growth - a well trodden path for lean, disruptive, technology orientated companies to take in the US.
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The much trumpeted $18.5M...is the expected value of contacts signed...NOT revenue for the year...These contacts can span years, hence the begging bowl...need to read between lines and be alert to facts IMO.
