Q: What is your opinion of fiscal 2024 Q1 results and the value of the stock.
5i Research Answer:
Keep in mind we do not really pay attention to companies under $25M market cap. IQ at $12M is very tiny and exceptionally speculative. That being said, it is growing, has some cash and is profitable (unlike many this small). 2Q sales of $1.7M rose 42%. Net income of $0.349M rose 34%. Recurring revenue was $1.1M. IQ also announced a 5% share buyback. There are no analysts and thus no estimates, but the quarter was solid. Insiders own 17% and Mosaic Capital owns 20%. The stock is very cheap at 3X and 'reads' well, but this is not an endorsement. With a float of barely $7M, it is far too small for serious investment consideration.