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.
Lots of commentary on the share price here (understandable after...
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$1.96 |
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| Open | High | Low | Value | Volume |
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