RE:RE:Let's listen in on the webinarCashFlowReality wrote: Meeting was upbeat as usual. And the two small unit sales announced the next day was good.
However, since management did not discuss "dividends" nor acceleration of NCI (buy back), so it looks like management is willing to see if share price continues to drop even further.
In short, the milestone of 50 customers paying royalties was nice -- but royalties did drop. furthermore, Enwave re-posting its existing customer's successes/growth but not seeing enough timely results on new sales or royalty increase.
It is tough to hold on here.
I've been thinking about the Q1 results since they were released because something seemed to be lacking. The results are really about the past ; what matters here is the future. You often see releases with two accounting treatments , one for the exisitng company and one for companies that are discontinuing divisions.
While results were adjusted for the shutdown of Nutrdried : it could be stated more clearly IMO.
"The EnWave business segment maintained a gross margin of 37% despite an inflationary backdrop. The Company reported a consolidated gross margin of 17% as a result of margin compression from the NutraDried business segment."
So what will be the company soon had a gross margin of 37% and the operations to be discontinued had a gross margin of 17%
They had an option to clearly guide investors to what to expect in the near future and didn't seem to take it? JMO