Q2 reportRevenue of just over 1 million is a little lighter than I was hoping for, but the quarter certainly seen an improvement. Net loss was a mere 150k, proving the measures they are taking are working.
I also liked the tone of the CEO believing they are expecting business to “normalize” post pandemic.
To be honest a while back I was not expecting this company to swing to profitability until Q4 at the earliest. With things opening up quite quickly in the US over the past month or so combined with the measures the company are taking, there is a real possibility this may happen in Q3.
Not sure how others feel but sure looks like this company will survive the pandemic. Risk / reward looking pretty good at this share price.
Let’s hope there are some positive announcements soon about large customers resuming their postponed orders.
GLTA