5i Research Investments: Adcore doing well and is cheap * 5i Research Investments: positive response today to client question on Adcore *
Question: This company seems to be moving in the right direction. Good growth and what looks to be a strong outlook. Could you weigh in on the valuation and recent results?
Answer:
The company reported solid results of increased revenue to $7.0M from $2.0M in the prior year. Gross margins and profitability increased, and the company grew its cash balance. The company is actively increasing its growth strategies with the Amphy platform which is an online learning platform. The company has raised capital for future growth and began trading on the OTC market in the US. Overall these are good results and if the company can continue to grow and maintain consistency in results then the current valuation would be considered cheap.