Q: Please comment on their Q3 earnings report.
5i Research Answer:
Altius reported EPS of $0.17 vs $0.10 expected. Revenue of $17.24 mln was a bit shy of estimates at $18.18 mln. At the end of September, ALS had $353 mln in cash on the balance sheet. Overall the results looked fine, but in-line. The additional cash on the balance sheet is nice but with shares trading at a premium, they likely need a bit 'more' to get shares moving here.