FIRE vs OGIMarket Share: FIRE 3.0% vs OGI 3.5% (only 16.6% greater)
Net Revenue (similar period): FIRE $18.3M vs OGI $19.3M (only 5.4% greater)
QoQ Revenue Growth: FIRE 54% vs. OGI -5% (contracted)
Adjusted Operating Income: -$0.1M loss vs. OGI -$15.4M loss
Market Cap (closing yesterday): FIRE $0.26B vs. OGI $1.05B (4x greater)
OGI who was ahead initially, has seen their QoQ revenue shrink, in fact FIRE has caught up and likely will surpass OGI. I'm comparing these to companies as they are closes to one another in this space. FIRE has alot more to run as even with the recent run, they are still undervalued. They have not received the same multiple on earnings enjoyed by the rest of the sector. Yet as I type this, FIRE is up 3% today while OGI enjoying a 24% gain today... maybe they taking credit for FIRE's Q2 report?
Is there something I am not getting or is this just f.ucked up?