The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Sam Bigman - MMRY Capital Management - Analyst
: Good morning, gentlemen. Nice quarter. A couple questions. One regarding a comparison. Can you compare the backlog of last year's third
quarter, entering the fourth quarter, and also the bookings versus what was on the news release today?
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Question: Sam Bigman - MMRY Capital Management - Analyst
: What about the bookings going into -- for that third quarter last year?
Question: Sam Bigman - MMRY Capital Management - Analyst
: Where do you expect -- the margins this quarter were at 43.7%. Do you expect them to improve going forward, or do you expect them to
be flat, around this area?
Question: Greg Weaver - Kern Capital - Analyst
: Nice quarter, guys. In the paragraph about net income, you say at the end there's favorable changes in foreign currency rates that added
approximately $351,000. Now, is that $351,000 in revenue, or net?
Question: Greg Weaver - Kern Capital - Analyst
: Right, because it says if they're representing 2% of sales.
Question: Greg Weaver - Kern Capital - Analyst
: Okay, that's helpful. I think that was all I had. Thank you, gentlemen.
Question: Dennis Scannell - Rutabaga Capital - Analyst
: When you talk about orders on the -- maybe the phrasing wasn't orders -- but opportunities on the ruggedized printers for aircraft customers,
when do we see that in backlog? You talk about $100 million worth of opportunities. Do we wait for actual purchase orders, or when you
sign a contract -- again, when will we see that flow in?
Question: Dennis Scannell - Rutabaga Capital - Analyst
: As you look at those contracts, in terms of what has been signed to date, is there a bulge over the next few quarters or few years that you
see those releases being -- coming through, or is it more kind of a steady, gradual growth as you look over the next several years?
Question: Dennis Scannell - Rutabaga Capital - Analyst
: I think you guys talked about a normalized tax rate of 41.5%. It seems kind of high to me. Is that a number we should use going forward,
looking out a few years? Or is there something going on this year that has your effective tax rate pretty high?
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