Hilarious. Goes up 20% and only 2 posts.
Any reason companies like to report compared to prior corresponding period? Seems silly to me and a bit deceitful as it produces a huge headline percentage. Should just compare with the previous quarter, especially as there doesn't seem to be any seasonality with Nitro's revenue.
Assuming a bit less than 2 million revenue acquired from connective, seems like an okay result as it means that they still added about 1 million on top of that if compared to Q4 2021. Growth doesn't seem to be accelerating though, as it has been roughly a million a quarter added for the past 2 years. It has always puzzled me why this company commanded such a big market cap given that the growth in revenue is only linear. Anyway, hats off to management for raising near the ATH.
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- Ann: Nitro Q1 2022 Quarterly Activities Report and Appendix 4C
Ann: Nitro Q1 2022 Quarterly Activities Report and Appendix 4C, page-4
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