Q: Puzzled by its performance after announcing 2 repeat orders for its main Smart Gate product. New low today. Small co. for sure but the product seems to work well and has no apparent problems. Would appreciate your thoughts here. Thanks
5i Research Answer:
As noted, the company is small and liquidity can be low. We think the bigger issue is that the cash balance is on the low side and they are losing money currently, so markets are likely expecting a capital raise of some sort.