RE:RE:It's official Ned !This is where the rubber meets the road.
It will take a couple of quarters see if it has traction.
The proxy deadline was on the 2nd and the voting is today.
They'll announce the results today or tomorrow, and in my opinion will likely add a snippet or two to the announcement to reassure the shareholders that this is a good move strategically.
From a fundamental perspective, Sea's numbers will be incorporated into the next quarterly results on a pro-rata basis.
Exro's year over year comparisons for top-line growth will be triple digits.
The market will be paying attention to margins, looking for margin improvement to gage if the company is truly on the path to profitability.
It will take some time for the new entity to trim the fat, but the combination is sure to result in a number of redundancies.
Margins will improve going forward as the company eliminates superfluous positions.