Q: hi folks, thoughts on Q4 & FY for tantalus grid/t....way off the highs, and from the finance at $5.30....would you rate as Buy, hold, sell.....thanks jb
5i Research Answer:
EPS was nil vs estimates of marginally positive. Sales were $14.9M vs estimates $14.2M. Revenue rose 19%, with connected devices at 21%. New customers and greater deployment helped revenue growth. Recurring revenue rose 38% to $4.1M. Margins rose 3.5 points. Cash flow was $3.3M. The balance sheet remains solid and it is expected to see 1c per share this year, moving to 7c next year. The stock is consolidating after its big one-year gains. We think it is buyable, but in the current market environment we would proceed slowly.