Envivio Details

The chart below is of Envivio's qtr by qtr earnings. It shows that their earning do drop every first qtr, but pick up through the end of year. The fact that management have issued a prior warnings (their 2nd qtr are due 6th September) shows that this is an exception. However I still believe this is an uncertainty based change, a delay in sales, rather than a significant fault or customer loss. At $2.50, with over $2.50 per share in cash in the bank this is a good buy right now.