Lots of commentary on the share price here (understandable after such a strong run) but the really interesting thing is whether the business is turning around or not. The investor presentation would have you believe that it is:
However, the half-on-half comparison reveals that revenue (excluding Google) was still down 2%. As others have noted, the July revenue of $17M is below both May ($18.1M) and June ($21.1M). Some of this may just be seasonality so it's probably hard to read too much into this. The EBITDA improvement is OK but this is because of all the cost-cutting measures they've put in place, which they cannot keep repeating.
As I look at it, it's hard to get excited about a 'tech' company that is maybe just breaking even, and not growing very fast. It still appears that there are far better opportunities out there.
Ann: 2024 Half -Year Results and 2024 Outlook, page-56
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