Thanks for the response. Yeah I definitely don’t mean to nitpick, I like the Company and management. But being cute with figures like this is a sort of amber flag for me (although they flagged it up front and explained why, I guess).
Your explanation would be great if it was true. The problem is that if I go back to the FY21Q4 announcement there is no reference to that quarter being abnormal, nor is there any reference to crypto volumes. It’s just a normal quarterly report cheering, multiple times, their ‘record’ growth. So for them to now say, this quarter, something along the lines of “lower crypto volumes has affected our RapidID earnings, so we’re down verses pcp and are going to compare ourselves to pq instead” is a bit rich for my liking. You’re either growing, or you’re not. In this case, they’ve gone backwards.
Again, I don’t mean to be too critical: they’re profitable and the expense management looks to be excellent. Most companies their size/stage are cash-burning ovens. So top marks on that front from me. I’ll keep watching.
XF1 Price at posting:
40.5¢ Sentiment: Buy Disclosure: Not Held
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