RE:RE:RE:RE:DATA Group Ltd. First Quarter 2016 Financial Results ConfereSolid results with adjusted of $5.7 million (7.6% margin) and similar cash flows from operations. Certainly an indicator that the company remains on track to reducing leverage. Data paid down a good portion of its provisions and has access to $7.8 million through its credit facility (to help repay for the convertible debentures due in 2017). Company made interesting comments about stabilizing and growing revenues.
I think that's the first I hear about revenues potentially "growing". Michael remains on the board and has done a fantastic job in realigning the company's focus and objectives.
I continue to think this will be a $100 million market cap company by the end of 2017 (compared with $20 million today).