RE:RE:Q4 Released After Close today..CC Friday AmVery strong year all around.
Had not Covid happened, we would have seen quarterly revenues like those of Q1, which would have demonstrated that revenue shrinkage has stopped, and incipient growth has resumed.
This resumption of growth ,Taken together with substantial reductions in operating costs, increased gross and net margins, and the elimination of nearly $40 million in debt, an investment here now is essentially derisked to peer norms .
And 2021 will be even better, as operating costs will be reduced by a further $8.5 million which combined with the full effect of $10.5 million reduction in 2020, along with significant savings in interest charges, will add another $0.25 or more to net earnings , quite possibly to $0.60 per share runrate, at exit 2021.
And, with debt paid down to very modest levels.