Any reason companies like to report compared to prior corresponding period? Seems silly to me and a bit deceitful as it produces a huge headline percentage. Should just compare with the previous quarter, especially as there doesn't seem to be any seasonality with Nitro's revenue.
Assuming a bit less than 2 million revenue acquired from connective, seems like an okay result as it means that they still added about 1 million on top of that if compared to Q4 2021. Growth doesn't seem to be accelerating though, as it has been roughly a million a quarter added for the past 2 years. It has always puzzled me why this company commanded such a big market cap given that the growth in revenue is only linear. Anyway, hats off to management for raising near the ATH.
NTO Price at posting:
$1.37 Sentiment: Buy Disclosure: Held
