Q: What are your first impressions of TVK’s quarterly report? Any surprises, good or bad?
5i Research Answer:
Revenue grew by 29% year-over-year in Q1 coming in at $228M versus $177.2M in the prior year. Net income was $19.3M versus $13.1M in the year prior displaying growth of 48%. Diluted net income per share came in at $0.91. Cash from operating activities also increased 76% year-over-year to $38.6M. This was a strong quarter from TVK while the company had also previously raised its dividend by 20%.