Strong Q driven by Continued LT-3 Unit Delivery and Revenue Revenue growth of 16% with LT-3 growth of 34% with currency adjusted EBITDA 1.669M EBITDA (44% growth) and currency adjusted EPS of 0.05 (67% growth). With WPU increasing to $133 ARPU stabilizing at $29.
The fundamentals of the business continue to roll through even given the depressed share price.
Good to see management confirm LT-3 delivery targets for 2016. Just would like to see them put that NCIB to work and get this stock moving or at least shrink the share count.
Time will tell, but as the Qs continue to roll in I tend to agree more and more with the general consensus on this board that this stock is going much higher given the reoccurring and stickiness of revenue and their small geographic footprint so there is massive optionality for expansion.
Looking to start nibbling today.