Q: What are your thoughts on Quis as a micro cap growth opportunity. Desjardins Securities mentioned Quis as a higher risk pick.
Thank you.
David
Thank you.
David
5i Research Answer:
The stock remains near its lows, down 66% for the year. Last quarter results were uninspiring. Investors remain concerned about the high debt level, and it has lost money for the past five years. A small profit is expected in 2024. Revenue fell 9% in the quarter, which of course we do not like to see, either. We need to see better sales growth, better momentum and more cash flow to get interested here. Insiders own 8%. We can live with debt if there are profits and growth, but both have been lacking recently.