Q: In your answer to Murray about the Q3 ZOMD earnings report, you said that eps was .097 and revenue was $24.93, both meeting expectations. Their report indicates that eps was .06 cents - are you making adjustments to get to the .097 figure? If so, what adjustments are you making? Also, the reported revenue was $16.1 million US, which would be about $22.5 million Cdn, so I am wondering how you arrived at the $24.93 figure. Thanks,
5i Research Answer:
Apologies - our data provider did not update correctly at that time. The EPS of $0.06 missed estimates of $0.097 and sales of $22.42M missed estimates of $24.93M. We have adjusted our response to reflect these corrected figures. The miss is not great, but this is a very small company ($139M market cap) and so slight changes in timing, contracts, or prior year comps can make the miss or beat seem larger than they really are. In general, we see that the company is executing well on operational efficiencies, it is still growing fast overall, and it is quite cheap. We think there is potential, but we would like to see the company continue to demonstrate topline growth.