TSXV:AKR - Post Discussion
Post by
Torontojay on May 26, 2023 10:37am
Back to rule of 40
Steve Levely made true on his promise that the company would get back to the rule of 40. This is when ebitda margins + revenue growth exceed 40% and he managed to accomplish this in the quarter.
Q1 2023
ebitda margins ~ 25%
Revenue growth ~ 17%
_____
42%
A few notes regarding net income. Most of the gains came from the divestiture of Gggolf.
Free cash flow is trending at over $1.2m annualized. The company should focus on debt repayments and improving the balance sheet. This would get more investors on board.
A pretty good quarter and a step in the right direction. The company should simply focus on what they're good at and I think Steve recognizes this.
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