What are everyone’s opinions on the imminent quarterly results? $45M for the last quarter was fantastic, but are we expected to even equal or better that?
The 2Q should include full quarter revenues from the Neptune ROV Supporter, Neptune Trident with both fitted ROV’s as well as the Access Management acquisition. Along with the continuous organic growth, you would expect that revenues should exceed the previous quarter results.
However, I wonder how much of that great 1Q was attributed to the delayed NEPSYS projects that were completed during the 1Q instead of the 4Q08– about $8M right? Can the above ‘new’ revenues outweigh this amount? I hope so to ensure the SP wakes up and reflects more accurately where I and many believe the company is heading.
Also last year the results for the 2Q were lower than expected. Is the oil and gas industry significantly quieter over the Christmas period? People in the industry care to comment?
NMS Price at posting:
13.7¢ Sentiment: LT Buy Disclosure: Held
