EPS of ($0.14) missed expectations of ($0.035) and revenues of $58.45M beat expectations of $46.16M. Analysts expect the company to be profitable this year, and recent sales growth has been positive for the stock. Its debt profile is OK and its valuation is cheap (1.1X forward sales and 1.2X book). Although, it does not generate positive free cash flow, but its cash position is solid at $56.6M. For the latest quarter, sales increased 46%, Adjusted EBITDA was $3.2M, expanding from ($1.5M) in the prior year, and its backlog was more than USD$520M as of December 31, 2023. Management believes its strategic shift in focus should help drive top-line growth and margin expansion. We are encouraged by its slight change in direction, and we would like to see continued momentum from this name.
5i Research Answer: