Q: Of the covered call funds which ones do you like the best? Canadian only.thanks Larry
5i Research Answer:
Q1 revenue rose 2.4% to $16.3M, Bbelow estimates of $17.2M. Bookings were up 18%. Gross margin was 57%. 51,800 shares were bought and cancelled. Bookings were a record, and the company sounds confident for the rest of the year. Cash dropped to $9.9M. Per share loss was 2.2c vs a tiny profit in the prior period. Cash flow was $2.8M, up 32%. The quarter was relatively uneventful, but not of any concern.