>>Dragonwave did not ship $50mil last year, it >>was closer to $40Mil - and by the way they are losing tons of money >>quarter-after-quarter. Trango is, and has always been profitable.
>Well you can read Dragonwave's latest financial statement here... >http://www.dragonwaveinc.com/docs/corporate/DragonWave_Financial%20Statement >s_Nov30%202008.pdf So it does say gross sales was at 30 million CDN for >three quarters... Dragonwave operates on a weird year end. Anyways I used >the 50 mil from what I was told off the cuff by a Dragonwave rep... anyways >its probably fair to say it is somewhere between 40 and 50 mil... Sales mean nothing -- the true test of a company's health and viability is profitability (net income) and cash flow The numbers you referenced show that Dragonwave loss $3.8 million and burned $8.7 million in cash in the last 9 months ended November 2008 It shows them having $10 million in cash, $10 million in AR and $14 million in short term investments Reading Dragonwave's financials, while it's not a disaster, paints the picture of a start-up company that's trying to "get over the hump" So...assuming a soft economy...where performance is similar to where they are now, and from a simplistic perspective, assuming they can collect all their AR & liquidate all their investments at market value, Dragonwave has ~3 years before they have to turn profitable, sell or raise more money -Charles This message is intended only for the use of the individual or entity to which it is addressed and may contain information that is privileged, confidential and exempt from disclosure under applicable law. If the reader of this message is not the intended recipient, or the employee or agent responsible for delivery of the message to the intended recipient, you are hereby notified that any dissemination, distribution or copying of this communication is strictly prohibited. If you have received this communication in error, please notify us immediately by telephone at 630-344-1586. -------------------------------------------------------------------------------- WISPA Wants You! Join today! http://signup.wispa.org/ -------------------------------------------------------------------------------- WISPA Wireless List: wireless@wispa.org Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/
