Q: Is there runway here? Please share your thoughts, they would be greatly appreciated.
5i Research Answer:
EGLX has, frankly, been a disaster. Now, at $32M, it is too small to generate much interest, and with high debt and negative cash flow, is likely going to need more capital, at the cost of high shareholder dilution. Large institutional shareholders have been selling, and the CEO has resigned. There is not much to like here, and we would stay away.