Q: Your thoughts on the quarter and future prospects would be welcome!
5i Research Answer:
EPS of 14c beat estimates of -13c. Revenue of $108.3M missed estimates of $114.8M. EBITDA of $55.2M missed estimates by 8%. The stock continues to melt, now down 49% YTD. The CEO search is nearly done, but the company says M&A activity is on pause for now. Revenue rose 1% in the quarter. Debt remains very very high, and losses are expected in 2025 and 2026. The company has received takeover bids but believes it should improve operations before considering a sale. But mgmt. has not proven themselves, and we would take a bid if we were them. We are not impressed here and risks remain high.