Q: Looks like an impressive quarter, any insights would be appreciated.
5i Research Answer:
CRP has no analysts, so no estimates to 'beat'. Revenue growth was solid, at 21.6%. Earnings were $2.7M (US) vs a loss of $1.1M last year. Revenue was $282M. EBITDA nearly doubled to $4.9M. Debt did nearly double to $178M, which would remain the biggest risk. Cash flow was $41M, down from 2022 levels. But certainly we would consider it a good quarter. Commentary was generally positive. But its small size adds risk, and with four entities owning more than 80% of the stock combined, investors need to be wary of trading liquidity risks here.