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Victory Square Tech (VST $0.64)
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Hydreight Technologies Inc (NURS.P $0.58)
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Hydreight Technologies Inc. (NURS $3.43)
Q: Good morning,
Could I please ask for your general thoughts on this company. Earnings seemed (?) strong but it plunged. Smaller-cap, but might it be a buy/hold? All your comments necessary!
Have a good day, and thanks!
Could I please ask for your general thoughts on this company. Earnings seemed (?) strong but it plunged. Smaller-cap, but might it be a buy/hold? All your comments necessary!
Have a good day, and thanks!
5i Research Answer:
EPS of 1c missed estimates of 1.5c; revenue of $12.83M missed estimates of $13.25M. EBITDA of $0.619M missed estimates of $1.3M. Revenue rose 110% in the quarter. Gross margin improved 50% and cash was $18.6M. 295,000 VSDHOne orders were processed, 198 new nurse sign ups occurred. Pharmacy orders increased 72%. It is still a small company, and it is expensive on most metrics. But certainly the growth is there. Analysts expect at least $100M in sales next year with EPS quadrupling. It is owned 54% by VST which could be an overhang to the stock if they decide to exit some or all of their position. We are a litte adverse to the valuation and risk here but find it otherwise interesting, certainly if it can hit its expected numbers next year.