TRID Beats estimates
TRID Continues to grow
* Margins higher than expected (50%+)
* Sales were $60.5M, just slightly above expectations and a 35% growth over last year
* Accounts receivables increased ~$7M from previous quarter. Those are sales that just haven’t booked. TRID enters thi squarter with a $14M AR number
* One negative: Inventory up $2M (~15%) from last quarter despite flat sales
On the conference call, it became clear that TRID is scaring off competition. At the low end, price is all that matters but at the higher end (32" TVs) quality matters. As a result, TRID commands a premium price relative to others.
The conference call was positive.
Customer acquisition continues. In addition to the announced acquisition of China's top TV makers, TRID discussed current accounts.
Samsung’s share of TRID’s sales has surged to 46% from the 30% zone. Considering the sales growth, that means significant penetration at Samsung. Philips is still coming on line as a customer.
June Quarter had similarly positive guidance of 50%+ margins and $71M revenue (a slight increase). They also reaffiemed $320M revenue for the year.
Meanwhile, there is still no finalization of the options issue. It is really pathetic. As a result, there are no firm earnings information to point to.
The stock fell in afterhours and then rebounded.
In my opinion, that extra $7M in AR points to them beating expectations by more than a little.
* Margins higher than expected (50%+)
* Sales were $60.5M, just slightly above expectations and a 35% growth over last year
* Accounts receivables increased ~$7M from previous quarter. Those are sales that just haven’t booked. TRID enters thi squarter with a $14M AR number
* One negative: Inventory up $2M (~15%) from last quarter despite flat sales
On the conference call, it became clear that TRID is scaring off competition. At the low end, price is all that matters but at the higher end (32" TVs) quality matters. As a result, TRID commands a premium price relative to others.
The conference call was positive.
Customer acquisition continues. In addition to the announced acquisition of China's top TV makers, TRID discussed current accounts.
Samsung’s share of TRID’s sales has surged to 46% from the 30% zone. Considering the sales growth, that means significant penetration at Samsung. Philips is still coming on line as a customer.
June Quarter had similarly positive guidance of 50%+ margins and $71M revenue (a slight increase). They also reaffiemed $320M revenue for the year.
Meanwhile, there is still no finalization of the options issue. It is really pathetic. As a result, there are no firm earnings information to point to.
The stock fell in afterhours and then rebounded.
In my opinion, that extra $7M in AR points to them beating expectations by more than a little.
posted by Andrew at
6:30 PM
3 Comments:
Do you recommend to hold on to TRID or sell?
why the huge drop? Is it really all due to the lingering options issues?
TRID I will continue to hold. At some point this stock will revert to a reasonable value >$30.
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