GREY:ISYRF - Post by User
Comment by
humppyuson Oct 24, 2018 6:09am
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Post# 28861894
RE:?
RE:?7.1 mil would be nice. I noticed what appeared to be more software and services in ITC's releases since spring. These services are usually higher margin so I hope some of these closed in Q3. I know the margin deterioration that happened in 2017 into 2018 was because ITC's sales went primarily to hardware and this tends to be lower margin. Improving margins will be key to getting .03 - .05 per share in profit from revenue of 7.1 mil.
I believe that Q2's bottom line was a bit lack lustre, even with the great top line growth. This was probably a component of the drop from the 1.70 area down to where we are now. However not the only reason. The C Call for Q2 was really not handled well by ITC, Once again margin seemed to be a culprit in the not so great bottom line, and last but not least Pot stocks really sucked the money out of the room from Aug until last week.
The above being said the current market conditions might just be perfect for ITC to get some love. Last fall we had a booming overall market and trendy plays in Pot, Crypto Currency, and Lithium Plays. This fall we have a market correction, Cryto and Lithium plays are all but dead and Pot is in Sell The News Mode. The money will look for somewhere to go and may even look for value / growth plays. If ITC's Q3 shows growth and Profit this could be the time for the company to Pound The Table and let the market know they exist.