For the fiscal year 2008, SOYO projects net revenues of at least $140 million, and projects net income of at least $5 million. The Company expects to see significant growth in its SOYO and Prive brands, and a new revenue stream with the introduction of the Honeywell Consumer Electronics product line.These seem like lofty goals from a company that managed to produce half as much income on less than a quarter the revenue in FY 2007, but they are not entirely unreasonable given their rapid growth since expanding into consumer electronics.
A conference call is scheduled for next week to answer shareholder questions, though admittedly, I probably won't tune in to hear the details. Until they start shipping units and banking profits, it's just talk.
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