Outlook: For the second quarter of fiscal 2007, the Company currently expects net sales to range from $65 million to $70 million and diluted earnings per share to be between $0.37 and $0.40. When comparing quarterly results in 2007 to quarterly results in 2006, the Company believes that the second and third quarters should be analyzed on a combined basis.
For the combined second and third quarters of 2007, the Company currently expects net sales and net income growth of approximately 20-25% over the same combined quarters in 2006. In 2006, the Company estimates that approximately $20 million of net sales shifted from the second quarter to the third quarter due to late shipments as the Company tried to meet the surging demand for its products. In addition, the Company believes some of its customers are placing back-to-school orders for earlier delivery in 2007 than they did in 2006. It should be noted that the Company's fully diluted outstanding share count is projected to be 28.3 million shares for the full year 2007, compared with 25.1 million for 2006.
"Mr. Staffaroni concluded, "Looking ahead, we are confident that the growing popularity of our brand and products combined with our portfolio of patents affords our Company clear opportunities for the future. While we have grown rapidly over the past 12-months, we believe significant growth prospects still lie ahead. We are committed to leveraging the strength of our brand and our expanding infrastructure to further build our unique position in the marketplace and increase value for our stockholders."
A conference call to discuss first quarter fiscal 2007 financial results is scheduled for (Monday, May 7, 2007) at 4:30 PM Eastern Time.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
