"Left for dead" micro-cap
+75% of market cap is cash, minimal enterprise value, just-announced contract win suggests this "left for dead" situation might be getting traction
“Left for dead” in 2022 when investment in growth didn’t pan out, a few horrible sales quarters - enterprise value is now minimal
The market didn’t seem to believe CEO’s recent earnings call statements - cash flow breakeven by year-end 2023, +15% full-year sales growth
Just announced contract win could be a game changer for the company - create the proof of execution/benefits that might help win additional US contracts for its cloud-based software
Revenue growth (92% gross margins) plus the expense management discussed in the last earnings could re-rate the stock from “dead man walking” status
Part two of this article will be out after Q2 results are released
This is sub-$100 million micro-cap stock - anyone who considers a position should be aware of the extreme volatility and spotty trading liquidity in such securities before making any investment decisions. Also, read my full disclaimer - no article on this site is investment advice - I own shares.