Q: Earnings look ok to me... but here we are down 6%. Is there anything in the earnings that disappoint or is this drop all about the scary market jitters?
5i Research Answer:
EPS of -3c missed estimates of 3.3c; revenue of $16.56M also missed estimates of $17.23M. EBITDA of $4.186M matched estimates. Recurring revenue rose 7.6% but total sales fell slightly. Bookings rose 37%. Not great numbers here, and the stock decline is about right, but the market is also certainly a factor.