Q: Hi 5i Team - How would you rate the management of Vitalhub, Kraken Robotics, Zedcore and MDA Space. I realize that this is somewhat of a subjective question so no specific number/letter grades are needed - general comments would be fine. Thanks.
5i Research Answer:
PNG mgmt. has done a very good job making inroads in an industry that is very slow to change. It has managed its capital needs and growth fairly well. MDA we would give good marks to as well. Negotiating contracts and execution in this sector is not the easiest task. VHI is similar to PNG: it is a tough sector to make inroads. But the company has made the right moves and is in very good financial shape for future growth. ZDC is also good in our view. They have successfully expanded their product offering to other sectors and are very high growth well, so far.