Craig McHugh
Craig McHugh
expenses few focus further increase level lower next operating overall plan reduce
In the next few quarters, we plan to further lower our inventory, reduce our overall level of operating expenses and we will increase our focus on our higher-margin businesses.
gross increased inventory mp3 negatively overall percent players prices selling though
Even though we increased overall revenues 50 percent year-over-year, the lower-than-expected selling prices for MP3 players and the inventory write-down negatively impacted gross margins.
calendar categories determine examining expenses gross half improve margins operating percent product reduce return second target
We are examining each of our product categories to determine how we can improve revenues, return gross margins to 20% percent or higher, and reduce operating expenses as we target a return to profitability in the second half of the calendar year.
clear interface largest market second share user
We're second to them in market size, but now I think it is clear that our user interface has the largest market share in the world.
believe calendar closer current quarter return
We believe we can get closer to break-even in the current quarter and that we can return to profitability by the end of this calendar year.
invention patent protect
The patent application was to protect our invention. As you can see . . . the invention is significant.
continue drive inventory level
We will continue to try drive down inventory level so that we are able to be nimble on pricing.