Q: Not a bad quarter. Certainly has a wavy chart!,, but direction seems good. What are your thoughts on results and future? Any indications of a takeover iven it's low PE?
Slainte,, Chris
Slainte,, Chris
5i Research Answer:
Results were good, beating EPS and revenue expectations by a nice margin. We though results were strong with total revenue increasing 37% year-over-year for the full year, margins expanding, and also reducing total debt outstanding by $26.7M from 2022. We would say there is some potential for a takeover but the debt balance is a bit too high at $221.8M and debt-to-equity of 1.3x makes them less attractive on that front. There also were no indications per the earnings report of a takeover.