I am sure those that took profits @ $10.00 S/P are happy..Bruce Campbell and other institutional investors being a few of them.
While the rest of any bagholders hope for positive aquistions news to meet the CEO's target of reaching $135 mil revenue before the end of 2021.
Q3 will mean nothing. They well not meet analyst expectations and will possibly have a break even Q, with cash burn. The current S/P/volume/ lack of buyers proves that. IMO.
As the company stated many times, it is a roll up and expects to be profitable once it hits over $200 million in revenue. One only has to look at their investor presentation to deal with this reality. . The markets wants aquisitions and for the company to reach it's stated goals. Nothing less.
Other factors effecting their industry are:
1. Tight labor maket.
2. Philips recall.
3. Lack of computer chips and supply chian issues.
4. Reimburments rates attacks on high margin vents from insurance companies.
5. OIG attack on high margin vents.
6. Effect of PPP loans on aquisitons.
So don't ecpect much this Q. Aquisition news is key IMO
GLTA
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