Q: Hi 5i Team - Could you provide an update on Zoomd Technologies. It has been volatile lately but a big drop yesterday seemed to indicate that there was something more than the market volatility affecting its price. The recent quarter seemed to be good but do you have any specific concerns going forward. Is it worth adding to at this point. Thanks.
5i Research Answer:
For a market cap of only $52M, with a stock up 783% in a year, and the current state of the market, we would not actually see the price action as that noteworthy. The company had no news, and in fact there has been none in nearly two months. It has $13M cash, is growing nicely, and is profitable. We have no specific concerns other than its small size and the market. We are not convinced this is the type of market to add more, however.