Q: Appreciate your thoughts on the recent quarter reported by NEO.
Mike
Mike
5i Research Answer:
EPS of $0.05 beat estimates of $0.171 and revenues of $170.43M beat estimates of $131.26M. Sales grew by 1.3% year-over-year and it reported Adjusted EBITDA of $19.5M. Management noted it is well-positioned for future growth initiatives, including the permanent magnet manufacturing plant and expanding its parallel supply chains. These were decent results and it saw a bit of a lift following earnings, however, we feel it will take a material improvement in growth to see the stock find a floor and improve momentum once again.