A commonly overlooked but incredibly important bit of information. The share price a few years ago was reflective of the much larger medical laser company that this management team built from the ground up. They built it into a leader in medical lasers, known for incredibly high quality devices, and eventually it was acquired. You could probably mention the name Ellex to any ophthalmologist and they'd recognise the name. However that was a mature industry, the growth wasn't there so they sold the laser business to focus on the much higher growth segments. Investors received a large dividend, and some of the cash was also used to fund the development of iTrack Advance.
This management team certainly has a great track record, and long termers will know they take a more conservative approach. Whilst there will likely be plenty more growth to come, I'd be expecting high profitability in the very near future.
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