They seem Ok as : - receipts still increased by 10 % yoy despite the large decrease for the industry training business, - business still driven by their high margin business (Vet-in-Schools), - apparently, still a good cost control as staff costs were flat yoy.
Main problem : we have to believe the company when they say that the large increase for cash payment for "product manufacturing and operating costs" (+ 83 % or 1.5 m$) was only due to a timing issue regarding the payment to publishers. So we will have to wait the next quarter to have a better view about costs.
My previous forecast of 1.2 m$ for EBITDA 25 was probably too optimistic. It seems that EBITDA will be more around 0.9 m$ (company maintains its forecast of a positive EBITDA for FY 25).
RCL Price at posting:
10.5¢ Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)