Q: Any thoughts on Caldwell Partners Fiscal Q3 results?
5i Research Answer:
Q3 was strong for CWL displaying top and bottom line growth. Revenue was $29.2M diosplaying year-over-year growth of 12.7%. Margins expanded significantly and the company reported a net profit of $1.7M (6c per share). Management highlighted the cyclicality of the business and how the company is potentially entering an upcycle given hiring trends and growth displayed. It was a strong quarter and the stock is up big, but we do want to not the microcap nature here and how quarterly results will cause large swings.