Q4 and 2017 is a win!This has been a long time coming. We have officially turned the corner!
Here are teh highlight
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Revenue in 2017 was $91.6 million; an 8.9% increase from the prior year.
The 'high' expectation was $90.1 million
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Gross profit grew to $28.3 million in 2017, compared to $23.5 million in 2016.
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Adjusted EBITDA was $5.0 million in fiscal 2017, compared to Adjusted EBITDA of $1.8 million in the prior year.
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Revenue and gross profit increased in the fourth quarter of 2017 by 21.8% and 24.6%, respectively, as compared to the same period in fiscal 2016.
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Adjusted EBITDA in the fourth quarter of 2017 was $1.3 million, representing the eighth consecutive positive quarter.
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Mean expected EPS loss for Q4 was -$0.005. Baylin came in at $0.00 (posted a very small loss)
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Low annual estimated EPS was -0.16 and Baylin came in at -$0.17 for the year. (probably the 'worst't news in all of this)
Overall Baylin is ready for growth. There is nothing holding them back now. This new aquisition has given them everything they need to scale up to the next level.
Im long Baylin, so as far as valuation is concerned I'm eyeing $5 and beyond.
Anything under $3.20 is a buy for me.
Lets see what tomorrow holds!