Q2: Disappointing Quarter with Declining Revenue and EBITDA Seeing that headline of Revenue down 12% YoY was a little tough. Especially given the fact that there were no North American sales.
With the relationship with NEC so well established the company isn’t going anywhere but the North American ramp was the driver of the growth and that looks to be on hold till further notice.
Good to see Margins begin to turn with the Korean Won stabilizing but on the other hand tough to hear management mention weakness in the South Korean economy.
We will see how we trade this week and act accordingly.