RE:Ravens Results"Net income for the first quarter of fiscal 2022 was $9.6 million, or $0.26 per diluted share, compared to $4.0 million, or $0.11 per diluted share, in last year's first quarter."
"At the end of the first quarter of fiscal 2022, cash and cash equivalents totaled $17.8 million, decreasing $15 million versus the previous quarter. "
Burning $15 million while earning $9.6 million does not look brilliant to me.
I first invested in Raven in the early 1980s. I own it big now. Maybe not so big by tomorrow's close.
Selling at 4X - 5X revenues and 40X earnings, do I smell a stock offering coming?