Would have been an operating profit this quarter but for the...

Would have been an operating profit this quarter but for the expenses associated with the Local Embedded Networks. Admin and Corporate expenses forecast to drop by about $400K next quarter. So if that wasn't there, we would have had an operating profit of about $125K.

Also worth noting is the huge (52%) ramp-up in POE next quarter which suggests that they are not kidding when they said they on-boarded a lot of customers later in the quarter. Thats a lot of extra electricity they will be selling next quarter. I expect the next 4C actually will look like a big improvement. Having said that, I'm sure they will manage to release it on New Years Eve just as the fireworks are going off over the harbour, so that no-one actually reads it!!!