Q: Peter and His Wonder Team
They just reported quarterly results with positive comments as they transition. Please give me your assessment of this company going forward. Do you think they are gaining traction...it looks cheap...a buy, hold or sell? Thanks as always!
They just reported quarterly results with positive comments as they transition. Please give me your assessment of this company going forward. Do you think they are gaining traction...it looks cheap...a buy, hold or sell? Thanks as always!
5i Research Answer:
EPS of 0c missed estimates of 1.5c; revenue of $38.8M missed estimates of $39.7M. EBITDA of $1.15M missed estimates by 25%. Net debt is now about $40M. A full year loss is expected in 2025. Revenue fell about $4M year over year. Backlog is $495M. Outlook commentary was decent, but with declining revenue (there was an asset sale) and very little profit it remains very hard to get excited about QTRH, even at a low valuation.