Not expecting very muchIFX – Imaflex, Inc. will report 4th quarter and year end results on Friday April 26, 2024 before the market opens. I am not expecting very much in terms of any earnings for the fourth quarter, with sales remaining weak as well. It may be even a loss reported, which would result in no profits for the entire year, with sales down sharply. Not good! They need to speed up their recapturing of their small market share, and do it profitably, somehow??? They need to firm up management at all levels and work strongly on increasing sales along with controlling their costs. Plus, I am not expecting for them to announce any EPA approvals yet for any of their new films. That could be a little while down the road still??? All that said, I believe once they turn these corners, work on their other issues and problems and get final approvals for ADAVSEAL with tons of new customers, IFX should slowly start to go forward … to new sales and profit levels, with the share price also following suit. All this is based upon the facts I can gather and strictly my own opinion. Good luck to all current and future shareholders.
Angles