TSX:CVO - Post Discussion
Post by
retiredcf on Feb 12, 2023 8:58am
Earnings Analysis
EPS was a loss of 10c vs a loss of 8c expected. Revenue of $28.5M was 2% better than estimates. EBITDA was still negative, but much better than expected. A couple of brokers have raised target prices this month. SaaS revenue grew 25%. Total revenue grew 23%. Margins also improved. It has $208M cash and cash flow is getting closer to positivity. Growth looks good here. The stock is still not doing much, but with CVO having some AI exposure maybe investors will pay more attention this year. It is still not 'cheap' but we think the fundamentals are moving in the right direction here. (5iResearch)
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