RE:ok Q?Only two results were even remotely O.K. More cash came in the door and they made a profit (as opposed to a loss) by making the payment solutions side run even faster to offset the very poor results from digital imaging. Full year results also looked positive but they mask how RDM seems to be running out of steam. Recurring revenue is great but it's unlikely to give the same lift as that from substantially increased sales/revenue from new customers. There is a limit to how much management can squeeze out of only $21m in annual revenue, especially when the company can only generate interest income of $126K on a cash holding of $25m to $30m.
Seems to me the Board is way too passive; why does it take 100 employees to operate a very small company which had higher revenue and only slightly less net profit already 10 years ago. Hard to know what the future holds but for now the glass may be either half full or half empty - and neither is O.K.