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: Bill Zhang - Raymond James & Associates, Inc., Research Division - Analyst
: So for Q4, you had savings of $3.8 million from operating expenses. So with annualized savings of $20 million going forward, will we see further
improvements in Q1 and beyond?
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MARCH 11, 2021 / 1:00PM, BYL.TO - Q4 2020 Baylin Technologies Inc Earnings Call
Question: Bill Zhang - Raymond James & Associates, Inc., Research Division - Analyst
: Okay. Makes sense. And on the topic of wage subsidies, what was it in the quarter? And can we expect a similar amount in Q1 and Q2 for fiscal
2021?
Question: Bill Zhang - Raymond James & Associates, Inc., Research Division - Analyst
: Okay. Okay. That's fair. And as the economy recovers this year, how should we think about your selling and marketing expenses?
Question: Daniel Rosenberg - Paradigm Capital Inc., Research Division - Analyst
: I was wondering about the outlook. You guys mentioned Q1 being comparable. Is that -- do you start seeing the positive incremental benefits after
the impacts of European retail closing? Or do you see that retail, European retail factor still playing a role in Q1. So what direction should we think
of comparably as meaning?
Question: Daniel Rosenberg - Paradigm Capital Inc., Research Division - Analyst
: Okay. And so from a gross margin perspective, does that mean comparable as well?
Question: Daniel Rosenberg - Paradigm Capital Inc., Research Division - Analyst
: Okay. And could you provide some context on the impairment charge? Was it related to a specific product line or relationships or manufacturing?
What caused you to reassess that opportunity?
Question: Daniel Rosenberg - Paradigm Capital Inc., Research Division - Analyst
: Okay. And in terms of the covenants, so there were some amendments to the covenants in your debt facility as it stands today, is everything on
site? Or you continue to work with your creditors naturally. But can you provide some context of where you are with the covenant situation and
your lenders?
Question: Daniel Rosenberg - Paradigm Capital Inc., Research Division - Analyst
: Okay. And you said in terms of access to capital, there's $10 million. Did I get that number right, $10 million from the credit facility?
Question: Daniel Rosenberg - Paradigm Capital Inc., Research Division - Analyst
: Okay. And then the CapEx and R&D investment related to the Vietnam facility. Does that -- is that being redeployed elsewhere? Is that spend being
redeployed elsewhere? Or are you going to see CapEx and R&D come down this year?
Question: Daniel Rosenberg - Paradigm Capital Inc., Research Division - Analyst
: Okay. And then maybe lastly for me. In terms of the division outlook, I mean, there's a lot of positive industry tailwinds going on through out,
perhaps not immediate, but certainly kind of in the next few years that should be supportive of growth. I was wondering if that reprioritized how
you guys think about opportunities. You mentioned the GEO, LEO satellites. Has that become #1 focus for you? Is the rebound in mobile become
a #1 focus for you. How do you think about your priorities?
Question: Daniel Rosenberg - Paradigm Capital Inc., Research Division - Analyst
: Maybe I'll sneak one last one in -- on that 5G topic. So now that we know how the spending resulted for the spectrum auction, and we've seen kind
of the CapEx outlook for the North American telcos, what does rollout look like for them? So when do these small cell networks get built out specific
to that C-band spectrum? Is it -- I mean, I would suppose it's big cities first and et cetera. But what does their rollout look like?
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