Q: Good Day all and thank you for your valuable comments as usual. Can you please comment oin Coveo's results for the past quarter and future potential. Thank you.
5i Research Answer:
Loss of 7c beat estimates of a loss of 9c. Revenue of $30.5M was 1% better than estimates. EBITDA was slightly positive vs estimates of -$3M. Free cash flow was negative $7.9M in the last 12 months. It has $190M net cash, and good growth is expected, with a smaller loss expected next year. Two banks raised their targets on the stock. Subscription revenue rose 19%, and investors are buying into its potential growth through AI solutions. Its market cap has risen above $1B now, which can bring out new interest. It is looking better today.