Previous report didn't specify the exact damage on cost but it should be very high, maybe close or even above $2mil. My reasoning is, please refer to previous quarterly report, we can see the direct cost is only a fraction of actual cash receipts & it has been stable in last 3 quarters but somehow hyped in this quarter. So I assume $2mil is close to the damage:
Most importantly, if we isolate this damage as one off event [previous report said it was fixed & won't happen again since we adopted a new system], this quarter we should be cashflow neutral already.
Next quarter, it's going to be absolutely huge IMO. This revenue growth is extremely impressive. They almost achieved whole year projected income in one quarter ! I don't think the market has factored that in yet.
Anyways, I'll buy more @ this level. Good luck holders .
ISX Price at posting:
22.0¢ Sentiment: Buy Disclosure: Held
