SGTL is currently down over 9% in afterhours after lowering their Q1 forecast. The company said that a charge from non-cash deferred income taxes could pull down quarterly earnings by as much as 50 cents per share. The company also said that it now expects quarterly sales of between $30 - $35 million dollars, down from the company’s previous forecast of $52 - $60 million dollars. Analysts were expecting sales of $54.5 million dollars. Investors are fretting in afterhours particularly about the sales number. SGTL has a 52 week low of $9.74, which is sure to be breached on Thursday.
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