Q: LOOKS LIKE OVER THE LAST COUPLE OF DAYS, THIS STOCK HAS LOST MOMENTUM AND IS BADLY SINKING, THEY REPORTED EARNINGS WHICH SEEMED GOOD NEWS. COULD YOU COMENT. THANKS
5i Research Answer:
A stock up 292% in a year and 52% YTD and a market cap of only $100M is going to see some price swings pretty much anytime. But earnings look good, with 68% sales growth and gross profit up 51%. Only one analyst follows the company and revenue was nicely ahead of estimates. The quarter was a record, and sales guidance for the year was raised to $78M. Things continue to look good here.