RE:Is something happening? Don't think anything or event is happening specifically - just the natural ups and downs of the markets.
They should report Q2 results in early August. Last year, they reported on August 8th.
I'm expecting $25M in revenue and the usual EBITDA margins based on a backlog of $30.9M and a conversion rate of 80%.
They achieved an average backlog conversion of 80% in the last 3 quarters and I don't have any reason to expect it will be different for Q2.