Q: EcoSynthetix released 2024 results. What is your opinion of this stocks upside?
5i Research Answer:
ECO has no analysts so no estimates. Sales in the Q4 rose 91% to $5.4M. EBITDA was $0.1M. ECO bought back 174,000 shares in the quarter. Outlook commentary was good, with the company seeing 'continued strong demand across all end markets'. The quarter was helped with higher sales volumes and higher prices. Cash is $32.2M. It was a good quarter, but we would note than 2024 sales were still lower than those in 2018. Long term growth has not been so good here. We think it has potential, but it is expensive based on most metrics. Insiders have bought recently. While a decent small cap, we would not yet see it as a compelling buy.