Q: Txs for u fast answer today on NVDA,but my Q was on NDVA.( a .055 stock in Vancouver).Once again,please comment on larest Q on May 23,and the co. Txs for U usual great services & view
5i Research Answer:
Sorry about that! We pay very little attention to 5.5c stocks with market caps of $11M, so keep that under advisement. Revenue fell 0.9% to $9.3M and a 14% sequential decrease. Loss was $1.8M. EBITDA fell sharply from last year, to $0.1M from $1.5M. Much of the revenue decline related to a shift in manufacturing (to contract manufacturing). The company sounded more upbeat going foward, citing market share gains and 'potential' revenue of $10M next quarter. Cash flow remains negative and the stock is down 42% YTD. Nothing here is interesting enough to us to offset the exceptionally high risk.