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Megiddo said:
He means it's tracking for 8 million in the fiscal year. Meaning that if quarters 2-4 are just like the first quarter that's what it would end up as. From what I read he made zero prediction/estimation of the actual sales for the fiscal year, only that it was probable it will not make the 20 million goal.

As others have pointed out, that's still a dumb thing to say, as it acts as if there is no historical trend for holiday boosts. Worse case scenario, it matches last year. Personally, I think it hits 17M-18M.