VMD's Net Cash Position goes UP in Q2 versus Q1 2021VMD's strong Q2 2021 and pristine balance sheet for another quarter in a row hurt "besttobe" alias and his buddies (the usual suspects) who have been twisting the truth or have been posting blatant lies about VMD over the last months.
In my previous comment, I posted facts about VMD's core revenue YoY growth, significant gross profit margin expansion (64% in Q2 2021 versus 60% in Q2 2020), strong profitability, strong positive operating cash flow and strong positive free cash flow for another quarter in a row.
On top of this, thanks to its strong positive free cash flow in Q2 2021, VMD maintained a pristine balance sheet.
Actually, the balance sheet in Q2 2021 is stronger than in Q1 2021 because VMD reduced its debt sequentially, so VMD increased its net cash position on a sequential basis.
Specifically, VMD's negative net debt was $24.5 million in Q2 2021 versus $23.9 million in Q1 2021.
To say it differently, VMD's cash & cash equivalents in Q2 2021 exceed the interest-bearing debt by $24.5 million.
Thanks to this pristine balance sheet, VMD will continue implementing its growth strategy in the next months.
And this growth strategy includes both organic growth and inorganic growth through the acquisition of other smaller names, as mentioned many times by the CEO and COO in the previous Conference Call.