Q: How is Tantalus Systems coming along, I've owned it and been interested in it for a while. What do you think or their recent earnings and can I still hold it for a long term hold? Thanks.
5i Research Answer:
GRID is only a $35M company, with a decline of 20% this year. Loss of 2.7c per share beat estimates of -4.4c. Revenue of $13.64M missed estimates by 3%. Revenue rose 12%. Annual recurring revenue rose 21%. Gross margin was stable at 53%. We would consider it a 'decent' quarter. More losses are expected next year, and we would really prefer to see positive cash flow. It should be considered very high risk still, but is not without long term potential.