There is still work to be done; it is good that things are turning, and they needed to, but it is still a WIP. The revenue may well be $400m, but the company needs the revenue to continue to grow because the company overheads needs revenue of $400m *just* for EBITDA break even.
If we take the 4 months we know; there's $375m revenue without a positive
I'm a fan of the CEO - I think he is on the right track, and the team around him now have a clear vision. Think it will take more than the 1/2 yearly to tell the story. Probably another 6 months, so 3rd 1/4.
In BPD, not sure that Nextstellis is delivering a positive run-rate, think they still need Maxwell to come in and fire. But we *need* to continue to see growth as the revenue of this product delivers the biggest benefit to the bottom line.
Be nice to see additional costs savings as well - but that's a balance when also trying to grow product(s).
MYX Price at posting:
$5.54 Sentiment: Hold Disclosure: Held
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