Q: Could you comment on earnings. Revenues and other numbers are up sequenceally but not up versus same q 2023... is this concerning?
Buy sell or hold?
Buy sell or hold?
5i Research Answer:
EPS of 21c beat estimates of 19c; revenue of $125.2M beat estimates of $120.3M. EBITDA of $25.3M beat estimates by 18%. Revenue fell 4.2% and EPS fell from 29c last year. Cash is $62M, up 10%. The international division was very weak with sales down 40% year over year. The sales trend is somewhat concerning here. Consensus still calls for 10% growth next year. The stock is priced well enough at 15X earnings, but with all other-tech related stocks running it is pretty hard to get excited here. We would be OK holding for income but would temper expectations of gains.