Q: what do you think of the quarter time to move on ?
5i Research Answer:
Sales of $14.9M were marginally above estimates, but the loss of 3c per share was worse than -1.7c expected. It still has $16M cash, nearly half its market cap, but investors don't care, with the stock down 53% YTD and 70% over 52 weeks. It is still seeing negative cash flow, though the company is targetting improvements here. With market cap now just $35M, it is very hard to attract new investors. As of last week Ian Kane started as the CEO. Overall, while the cash provides some short term cushion, it is hard to make a HOLD case here.