Q: Can you give me your opinion on recent earnings and whether you’re a buyer, and if so what price would recommend it ?
5i Research Answer:
EPS at VBNK beat estiamtes at $0.38 vs $0.32 expected. Sales of $36.5 mln beat expectations at $31.8 mln. Revenues rose 31% on the year. VBNK also onboarded their first stablecoin customer into their custody business. Shares traded down after earnings, but results looked fine from what we see here. At under 11X earnings and 25% revenue growth expected, we would be fine with owning shares here with the caveat that it can be a volatile name.