They rightly got a whack after the qtrly, nobody expected them to bring in $1m+ revenues but the $40K odd they reported was well under expectations.
But in the quarterly they tried to mitigate that by explaining it against a strong "sales pipeline" and predictions that she will be earnings positive by the next quarterly.
From here this will go one of three ways:
1) They have forecast $600K of outgoings next qtr, so even if she gets close to positive earnings (let's say $400K-$500K revenues) that would be over 1,000% revenues increase Q on Q and the share price will go absolutely ballistic if they report these kind of numbers.
2) If they report another disappointing round of numbers (say $60K-$80K) they will be punished big time again.
3) (Most likely IMHO) The numbers increase steadily, but not stunningly. From here I would like to see revenues of $120-$250K next quarter, the share price will grow steadily and perhaps the following quarter be close to break even. First earnings perhaps Q3 this year (Sept/Oct).
Buy or hold IMHO but don't chase her up too hard, we need to see some numbers behind the story now.
