(Attunity:ATTU) Q4/FY 2012 Numbers/Conference Call #BIGDATA
January 30 very key (see Attunity (NASDAQ:ATTU) Best Big Data Investment?, comment #2)
So ATTU announced Q4/FY 2012 numbers yesterday (Jan 30) and they closed down 13.02% on 5.4X ADV (3 mo). Seeking Alpha provided a FY/Q4 2012 update/clarification of the ATTU Conference Call after yesterday's close and ATTU closed up 6.57% on 4.2X ADV (3 mo) today.
January 30 Conference Call
The problem with the Q4 Conference Call is that three critical questions were neither addressed by the Company nor questioned by call-ins.
1. ATTU has negative Working Capital <$3,046,000> as of 12/31/2012.
2. [22:05] into the CC, Chairman & CEO Shimon Alon said "...I am pleased to provide you an annual guidance on expected revenue growth...we anticipate approximately 20% annual revenue growth in 2013..." and
3. ATTUs $20M shelf registration (to fund growth > 20% !?)
(Note: All Callers mentioned below questioned Shimon Alon's disastrous 20% growth comment). No one wants to invest in a Microcap which is essentially no different that a Silicon Valley startup where the CEO declares they anticipate 20% growth. Ludicrous. Suicidal. Again, Mark Gomes published this as he also had the same concerns.
[24:20] Jordan Kimmel, Magnet Investing
[26:50-31:43] Mark Gomes, Seeking Alpha, Pipeline
[33:53] Ryan Parker Equity Brief capital management
[40:40] Noah Steinberg G2 Investment Partners
Chairman & CEO Mr. Shimon Alon really did not make a lot of sense and was all over the place with his replies to Mark Gomes, Ryan Parker, and Noah Steinberg. I sense some of the January 30 selling pressure may have originated from Ryan Parker. Why did Shimon Alon fall on the sword with that comment? Has he already entered into an lockup agreement with Actian Corp and Garnett & Helfrich Capital (incl. all comments, both links) ? Something just doesn't make sense here. I encourage all interested to listen to the CC and decide for yourselves.