Cant seem to get a break even with the market powering up.
Recap: KTD @ 36-45c with the release of 5M new orders & Covid no impact news. KTD @ 41-42c prior to Q reprot. Drops to 35c on Not So Great Q report. KTD @ 29-31c on CR & SPP - Poor timing and use of Funds KTD @ 30-31c on Bailey’s Licensing KTD @ 27.5-28.5c on James Gong resignation
IMO : James Gong resignation should not have an impact on SP on long run. I see short term fair value of 35c to be reasonable given the recent dilution.
upcoming: Iovate & Noriz order to be processed this Q but recognized cash Recipts the following Q. So we will see revenue but no impact on Cash Recipts. Past Walmart order of ~800k will be recognized cash recipts this Q, new order of 1M will be Revenue this Q but Cash Recipts next Q Super Cubes 350k Woolworth order will be recognized cash recipts this Q with rolling order revenue but no visibility.
anticipate 10-12M in Cash receipts for current Q with that run rate: 80M market cap is reasonable 15-20% SP undervalued.
happy to hear your opinion.
KTD Price at posting:
27.5¢ Sentiment: Hold Disclosure: Held
