Q: Could I have your assessment of Copperleaf’s earnings .
Thank- you.
Thank- you.
5i Research Answer:
Loss of 17.5c per share was worse than the expected loss of 15.9c. Revenue of $18.5M was 8% lower than expectations. EBITDA of -$10.5M matched estimates. National Bank cut its rating of the stock yesterday. Recurring revenue did rise 26% but total revenue fell 10%. Backlog grew though 16% to $108M. The balance sheet remains very strong with $145M cash. Still, with missed expectations and declining total revenue, it remains hard to generate excitement here. With inflation, we look for companies to at least report some revenue growth.