Q: Please comment on latest earnings report, balance sheet strength and what your thoughts are on the long term outlook of the company. Thanks!
5i Research Answer:
EPS of -8c missed estimates of -2c; revenue of $15.66M missed estimates of $16.5M. EBITDA of $2.39M missed estimates by 18%. Bookings rose 33% and SaaS revenue rose 12.5%, but total revenue fell 6.9%. The stock has been weak, and this quarter we would not consider it great. The stock remains expensive and we need to see total revenue gains here. We have some additional comments posted on it in the past few days in the Q&A and would not consider it a need-to-own company today.