The decline follows the completion of the company's $12M buyback of shares, completed at $2.65 each. It now has less cash (about $50M now) but fewer shares. But investors are still wary about growth, and a loss is expected this year. Many other advertising companies are doing better and posting improved guidance. ILLM needs to execute better and improve its growth rate. As a small cap with negative momentum, it is hard for investors to pay attention until this happens. Sales are expected to grow about 14% next year, but a loss (7c per share) is still predicted. Patience is running thin here.
5i Research Answer: