Solid ResultsI think the Q2 results look very good (not perfect). While the company's revenue declined more than expected, it made up for it on higher margins. EBITDA of $4.5 million was exactly in line. The company attributes some of the revenue weakness to timing, so we may see those revenues in Q3.
There may be a component of "shrinking to greatness" as the company was able to generate effectively the same level of profitability (as estimated) while freeing up (more) working capital (than expected).
EPS on the new share count was $0.12.
Best part, the company generated free cash flow of nearly $0.75/share...in one quarter.
A few may not like the quarter as much as I do because of the declines in sales, but I think this is a buy up until $4/share (easily).