Q: Please comment on latyest Q4 results and going forward..Is it on the tax loss selling list?.Txs for U usual great services & views
5i Research Answer:
ENGH recorded EPS of $0.45 in Q4, beating analysts revenue expectations of $0.42. Revenue came in at $123.1M, displaying year-over-year growth of 13.9% but missed estimates of $125M. Recurring revenue grew 35%. Cash from operations was decent at $28.3M. Cash was strong at $240.4M while total debt was only $12.4M, but the company stated that none of the debt was external. Net income was $25.1M but decreased from the prior year’s total at $36.9M. This was a decent quarter for ENGH as the company shifts its focus to expanding its recurring SaaS revenue base.