Aug. 6 at 9:17 PM
$OM overall, I like the outcome and the call. I still think they are too conservative (and the first question in Q&A tried to dislodge the conservatism, but to no avail). But fair enough, they upped the guidance at the Q2 ER last year only to post a mild reduction in capital sales in Q3 (which shifted to Q4) and the stock got hammered as an over reaction. Given the refresh and the elevated utilization that they mention and very high installation in Q2 (ie consummables revenue), I expect that they will exceed the targets for Q3 and then Q4 will come strong as it usually does. My only concern is in the potential delay of the full launch of Tablo 2.0 as they try to perfect the product (I am still hoping for early Q3 full launch).
