# Some setbacks...supply chain issues & higher expenses mainly affecting products division. Also delays in Technology Division sales, but this division will have miniscule role in revenue generation going forward & it will focus on servicing the business internally with no proactive efforts at external sales. # Gross margins remained stable but EBITDA margins contracted for both Products ( 18% from 23% in PCP) & Services (26% from 31%).....This is not good & hopefully temporary. # A shift to expansion. Good acquisition in WA ...Cash & equity.....No debt component. More focus on USA expasion. Technology division downsized for internal purposes rathe than lisencing. # Still maintaing $60m revenue target in 2025.....But it is more important to restore EBITDA margins to historical levels of 30%+.
LBL Price at posting:
77.5¢ Sentiment: None Disclosure: Held
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