Q: Can I get an updated opinion of KITS, thanks.
5i Research Answer:
Our view is relatively unchanged. KITS recently put together a strong quarter cracking positive EPS at $0.01. Margins are improving and revenue has continued to display good growth. Balance sheet is decent with net cash at $2.6M. Market cap is now nearing $200M. KITS announced that Cyber Monday was a record day of results with high revenue growth and repeat customers. It remains a good high-risk, high-reward play that has picked up momentum over the last year.