RE:RE:Conference callAgree Tunee70, solid quarter. The biggest expenses came from their marketing campaigns since they frontload in H1 and leverage for appreciation in H2, and non-recurring acquisition costs related to the Athas merger. Non-controlling interest is a fixed percentage and were fully inline with previous quarters. Being cashflow positive in their weakest quarter is a very good sign. The recent acquisitions will start emerging in the approaching quarters.
Tunee70 wrote: I like the fact they actually turned a profit for the first time in the first quarter. One time expense for the GE deal of $400,000, fixed costs are 25% per quarter and revenue only represents 14-15% for this quarter. Looks good when you crunch the numbers. Sounds like they're digging for a sizeable acquisition in the near future. Would have liked more clarity on the non-controlling aspect, but cash flow is looking good which is more important to me at this time.