So Much Food for Thought As I mentioned before lots of great discussion, interpretation and opinions on this board. Having been at this game for awhile now I ask the question, "Have we fallen into the new age trap of expecting too much too soon?". This wasn't always the case, not only in investing but in communication in general.
SCRN as a public company is, relatively speaking, much younger than SCRN the private one.
I see this across many boards which is that investors want news, yesterday. Obviously owning stocks has taken on a whole different paradigm from when you called a broker or waited for the newspaper to come out to follow, consider and then buy/sell a stock. The driver today is a consistent run of NRs ....which, along with the digital world, has been the catalyst for the paradigm shift in investing. Patience appears to be in short supply and there are mauraders everywhere looking to influence the next play, make some money and then disappear.
It's only been 6 weeks that this change for SCRN has all played out and yet as well intentioned investors (me included) we are clamouring for a lot imho. There have been, in that short time frame, an average of two NRs a week. The fact they were quick to announce the February revenues shouldn't automatically imply that March has slowed down because there has been no update.
SCRN management seems to have expansion in their business forecast and while that doesn't automatically mean increasing revenue ....there is an obvious strategy here. Covid testing has not returned to the play it was months ago. Finding the right test to occupy the perfect niche is not an exact science ....unfortunately. As SCRN has made their way into testing for the TV and movie filming industry their expansion outside of that is a welcome extension. They will need to be adaptable though and should be seeking test devices to distribute that meet changing expectations involving primarily time, accuracy, sample type ....and most significantly cost.
As resilience mentioned, there are a number of individuals that secured shares at incredibly low prices. Some of them will continue to flood the Asks until there is an NR that once again spells out the revenue generated from both repeat business as well as new.
In the meantime for anyone who was not expecting to make a quick 100% ....patience should be rewarded. For those that were ....yoy're probably going to have to move elsewhere.
Regardless of expectation GLTE!!! The analyses, early returns and latest NRs still point to a dunstantial return on investment.