RE:RE:RE:if avo misses earnings will be 8 stockIt fell on slowing earnings growth not missed earnings. It raised $75 mil at $29 -- it has not spent the money but the extra shares brought down EPS. This has created the slowing earnings growth.
Second Quarter 2014 Financial Highlights
Revenue was $65.2 million, an increase of 66% over Q2 2013 revenue of $39.2 million.
Gross margin percentage was 55%, up from 53% a year earlier.
Adjusted EBITDA* was $8.7 million, a 61% increase over Q2 2013 Adjusted EBITDA of $5.4 million.
Net income was $2.8 million, compared with net income of $3.4 million in Q2 2013.
Adjusted Earnings* was $5.7 million, a 49% increase over Q2 2013 Adjusted Earnings of $3.8 million.
Fully Diluted Adjusted Earnings Per Share* of $0.12, compared with $0.10 in Q2 2013.