It's interesting that when you add the LE numbers for Adapt across the 3 sales regions, and then subtract the last 3 quarterly numbers we're only left with $1.75m for Adapt this quarter (with the caveat that it's Sunday morning and I've only just gotten home from my Saturday night...).
The weak Adapt sales since Code Red have so far been the achilles heel for the company. Innovation has been simply unbelievable, costs have become contained , gross margins are now high, but sales figures are only weakly improving.
However! We have been told all this will improve remarkably in 2018 - led by a simply massive 143% increase in US Adapt sales that will deliver an extra $6.5m.
When an inflection can be seen in these quarterly sales figures there'll be a few less doubters.
Personally, for the time being, I'm happy to back the jockey and the horse.
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