Q: What are your thoughts on IFA I noticed this today when I was scanning the 52 week highs. It looks like it is seeing an increase in revenue lately and was profitable last quarter. Perhaps it is finally starting grow. It does hit one positive for me little or no questions from 5i members.
5i Research Answer:
IFA is up 116% in the past year, but its lack of interest largely stems from its small size, still only $68M market cap even with its big gains. Insiders own 66% so trading can be thin. It has no analyst coverage, either. Revenue has grown nicely, and it is profitable. Cash flow is still weak, however. The last quarter was very good, with revenue more than doubling. Management indicated strength should persist into 2026. It is not a cheap stock, though, at 43X earnings, and its small size adds risks. Hard to endorse due to its weak liquidity, but on a fundamental basis things do look good here.