Hang in thereDue to lack of comments I am assuming most are disappointed with the Q4 results. I’m not defending the company but Q4 (ending Sept 2020) was still right in the midst of the pandemic and I think many investors were over estimating what Q4 should look like. Keep in mind that Q4 was actually an improvement over Q3, hopefully confirming that the worst is behind us.
With talks of the vaccination last fall, I do expect some improvement in Q1 results. But my expectations are just that, some improvement. Many larger customers, like Landlords, will likely delay orders until they are able to safely install the product.
Before the pandemic hit, we did see that sales were actually increasing. So it shouldn’t be a matter of “if”, but “when” sales pick up again. These current order delays may even create a backlog that might actually fair well for the company once customers commit to their purchases.
As for the share price I think we will continue to see some weakness in the short term. There are traders and short term investors that were looking for a quick 30-40% upside on possible good Q4 results that are now exiting. After that we should creep up a little higher on anticipation of Q1 results.
Be patient, Q1 results are only a month away. We just need to see some marginal financial improvement over Q4 and continued positive outlook from the CEO. I was here to witness the financial success back in 2016 and I feel confident they can do it again, and this time around continue the growth.
I'm actually looking forward to when we will be laughing at the comments from BB trolls, trying to slow our momentum down.
GLTA