Q: What’s your opinion on this quarter? Doesn’t look super. Would you forget about this and move on ?
5i Research Answer:
EPS was -10c, vs -2c expected; Revenue of $30.2M missed estimates of $31.8M. Revenue fell $1.5M year over year. EBITDA was $2.5M, up from $0.89M. Cash flow was $6.4M. Cash is $5M. We can't say we are too impressed here. Its small size, declining revenue (in an inflationary environment, no less), losses and negative momentum to us mean its time to move on.