Can you comment on the latest financial results? How do you see the company’s future?
Thanks
EPS of -1c missed estimates of (nil). Revenue of $13.63M missed estimates of $16.1M. EBITDA of $0.805M missed estimates by 58%. While 'quoting' activity increased, tariff uncertainties delayed deliveries and revenue fell $1.4M from the prior year period. AEP is counting on government incentives to turn things around. Still, this is tough to rely on, and with some economic overall uncertainty it is hard to get too encouraged here, considering the small size of the company and momentum (down 45% this year). Debt is also quite high. Consider this and its cyclicality, we would sit this one out for a while.