Q: Would appreciate your comments on the recent quarterly report. Do you see any basis for the stock price to start increasing?
5i Research Answer:
EPS of 1c missed estimates of 2.3c; revenue of $92.2M beat estimates of $89.0M. EBITDA of $13.5M missed estmates by 5%. Revenue rose 13%. EBITDA fell 5.7%. Guidance for revenue of $355M was affirmed. One broker (Mackie) cut its rating today. While hardly a disaster, the stock has taken a hit today as it is just a continuing story of 'not much going on here'. Investors remain impatient while everything else is going up.