Question-and-Answer Session
Operator
Operator instructions) Your first question comes from James Sidoti with Sidoti & Company.
James Sidoti – Sidoti & Company
Good afternoon, Clint. Good afternoon, Al.
Al Santa Ines
Thank you.
Clint Severson
Good afternoon, James.
James Sidoti – Sidoti & Company
On the vet sales, it was a little bit better than I thought. Can you quantify how much was left over from last quarter? Or can you give us some sense if you think this is a sustainable run rate?
Clint Severson
Well, clearly we had – on the consumable side, we had a low quarter last quarter, of somewhere between the middle year and then the middle end of the quarter, or something like that because of problems with distributors. But clearly, the distributors now are paying their bills. Yes. I think our direct business continues to grow nicely. And yes, well we don’t forecast what the business is going to be. We think that – yes. It’s doing fine.
James Sidoti – Sidoti & Company
Okay. I know you don’t like to forecast, but you think the single-digit revenue growth for the vet sales despite the economy is reasonable or you think that’s aggressive?
Clint Severson
No. I think it should be more than single-digit myself. Personally, I think it ought to be double digits.
James Sidoti – Sidoti & Company
I hope there. All right, and then, Al, on the interest income that was down, is that due to rates?
Al Santa Ines
Yes.
James Sidoti – Sidoti & Company
Okay.
Al Santa Ines
Yes. You shouldn’t expect that, though. With the interest holding, you should project a much lower investment income.
James Sidoti – Sidoti & Company
Okay. And then, how about the R&D tax credit, was there any benefit from that in the quarter or will that help you next quarter?
Al Santa Ines
You should expect some adjustments on the tax provision for next quarter, which will be December reporting. Okay?
James Sidoti – Sidoti & Company
And will you catch up for the whole year then?
Clint Severson
That’s correct.
James Sidoti – Sidoti & Company
Okay. Then, on the cooling system you’re adding to the unit, can you give us a sense – will that impact the margin?
Clint Severson
The margins on the machines now are you going to be tied to the volume of the machines that we sell. And then, of course, working our way through the tail end of all the problems we had from – the mess we had in instrument manufacturing over the last six, seven quarters. So this cooling system is minimal cost. And yes, the cooler the machine runs, of course the longer it’ll last. And yes, the better it is for everybody, so.
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