Q: Comment on their earnings, please.
5i Research Answer:
EPS of -1c was close to estimates; revenue of $15M beat estimates of $14.1M. EBITDA of $0.75M was well ahead of estimates. Revenue rose 27%, with connected devices at 33%. New customers and larger shipments of TRUsense Gateway helped sales. Recurring revenue rose 14%. EBITDA more than doubled year over year. Cash flow was $4.7M. Book to bill remains good at 1.3x. These are good results and help support the stock's recent gains.