The share price for SPT has certainly increased in a big way in the last week or so. It's interesting to look over the results because the reporting doesn't really justify the price action imo.
SPT revenue quarter on quarter was something like -24% however YoY is shown as an increase of 6%. Furthermore the numbers are reported using non-GAAP. That means they can throw whatever they like in there as revenue. If you read the footnote in the 4C what they are doing is counting all invoices that have been issued as revenue whether paid or not.
Looks like the share price is moving on hype of the Google US store rather than anything fundamental. A win is a win though, I just hope people take profits.
IOU Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
